Brokerages Expect Exterran Corp (EXTN) to Post $0.20 Earnings Per Share

Exterran Corp (NYSE:EXTN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $36.50 for the company and are expecting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Exterran an industry rank of 240 out of 257 based on the ratings given to its competitors.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Exterran from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine cut shares of Exterran from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

NYSE EXTN traded up $0.26 on Friday, hitting $22.77. The stock had a trading volume of 146,029 shares, compared to its average volume of 144,770. Exterran has a one year low of $20.76 and a one year high of $33.32. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The stock has a market cap of $782.11 million, a price-to-earnings ratio of -58.38 and a beta of 1.37.

Exterran (NYSE:EXTN) last posted its earnings results on Monday, November 5th. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Exterran had a return on equity of 2.01% and a net margin of 1.28%. The firm had revenue of $334.85 million during the quarter, compared to the consensus estimate of $358.60 million. As a group, equities research analysts expect that Exterran will post 0.64 earnings per share for the current fiscal year.

In other news, CEO Andrew James Way sold 34,517 shares of the stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $25.49, for a total value of $879,838.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Exterran by 5.3% in the second quarter. BlackRock Inc. now owns 4,885,496 shares of the energy company’s stock valued at $122,333,000 after acquiring an additional 244,903 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Exterran by 2.5% in the first quarter. Principal Financial Group Inc. now owns 252,704 shares of the energy company’s stock valued at $6,747,000 after acquiring an additional 6,184 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Exterran by 11.9% in the second quarter. OppenheimerFunds Inc. now owns 30,739 shares of the energy company’s stock valued at $770,000 after acquiring an additional 3,262 shares in the last quarter. Cannell Capital LLC boosted its holdings in shares of Exterran by 48.9% in the second quarter. Cannell Capital LLC now owns 498,929 shares of the energy company’s stock valued at $12,493,000 after acquiring an additional 163,896 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Exterran by 146.3% in the second quarter. First Trust Advisors LP now owns 72,417 shares of the energy company’s stock valued at $1,813,000 after acquiring an additional 43,019 shares in the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.

Exterran Company Profile

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

Further Reading: Cash Flow

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