Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities research analysts at Imperial Capital issued their Q4 2017 EPS estimates for shares of Extraction Oil & Gas in a research note issued on Wednesday, Zacks Investment Research reports. Imperial Capital analyst I. Haas forecasts that the energy company will post earnings per share of ($0.03) for the quarter. Imperial Capital currently has a “Outperform” rating and a $20.00 price target on the stock. Imperial Capital also issued estimates for Extraction Oil & Gas’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.10 EPS and FY2018 earnings at $0.19 EPS.
A number of other research analysts have also issued reports on the stock. SunTrust Banks set a $21.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, October 12th. Barclays set a $20.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group initiated coverage on shares of Extraction Oil & Gas in a research note on Monday, October 9th. They set a “hold” rating and a $14.00 price target on the stock. Finally, BidaskClub lowered shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $19.83.
Shares of Extraction Oil & Gas (NASDAQ XOG) traded down $0.36 during trading on Friday, hitting $14.91. 1,366,562 shares of the stock were exchanged, compared to its average volume of 1,301,890. Extraction Oil & Gas has a twelve month low of $11.31 and a twelve month high of $23.75. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.
Institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. grew its position in Extraction Oil & Gas by 147.4% during the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock worth $120,000 after buying an additional 5,305 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Extraction Oil & Gas in the second quarter valued at about $144,000. Great West Life Assurance Co. Can purchased a new stake in shares of Extraction Oil & Gas in the second quarter valued at about $148,000. Legal & General Group Plc lifted its holdings in shares of Extraction Oil & Gas by 14.4% in the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock valued at $155,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Extraction Oil & Gas in the third quarter valued at about $156,000. Institutional investors own 89.20% of the company’s stock.
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Extraction Oil & Gas Company Profile
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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