Capital One Financial Brokers Cut Earnings Estimates for Exterran Corp (NYSE:EXTN)

Exterran Corp (NYSE:EXTN) – Capital One Financial reduced their FY2019 earnings per share estimates for Exterran in a note issued to investors on Wednesday, November 6th. Capital One Financial analyst K. May now expects that the energy company will earn ($0.35) per share for the year, down from their previous estimate of ($0.22). Capital One Financial also issued estimates for Exterran’s Q4 2019 earnings at $0.02 EPS and FY2021 earnings at $0.24 EPS.

A number of other equities analysts have also recently commented on EXTN. Zacks Investment Research cut shares of Exterran from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI reaffirmed a “buy” rating and issued a $28.00 target price on shares of Exterran in a report on Thursday, August 8th. Finally, ValuEngine raised shares of Exterran from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Shares of Exterran stock opened at $8.64 on Friday. The firm’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $12.75. The stock has a market capitalization of $315.85 million, a price-to-earnings ratio of 45.47 and a beta of 1.19. Exterran has a 12 month low of $8.53 and a 12 month high of $24.40. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.51 and a quick ratio of 0.91.

Exterran (NYSE:EXTN) last announced its earnings results on Monday, November 4th. The energy company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $302.43 million during the quarter, compared to analyst estimates of $337.00 million. Exterran had a negative net margin of 2.02% and a negative return on equity of 3.30%.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Exterran by 2.4% in the 2nd quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock valued at $72,654,000 after buying an additional 120,435 shares during the last quarter. Invesco Ltd. grew its position in Exterran by 21.8% in the 2nd quarter. Invesco Ltd. now owns 235,707 shares of the energy company’s stock valued at $3,352,000 after buying an additional 42,174 shares during the last quarter. Renaissance Technologies LLC grew its position in Exterran by 226.5% in the 2nd quarter. Renaissance Technologies LLC now owns 632,100 shares of the energy company’s stock valued at $8,988,000 after buying an additional 438,500 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Exterran by 35.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,010 shares of the energy company’s stock valued at $228,000 after buying an additional 4,147 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Exterran in the 2nd quarter valued at $736,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.

About Exterran

Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power solutions.

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Earnings History and Estimates for Exterran (NYSE:EXTN)

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