Extraction Oil & Gas Inc (NASDAQ:XOG) – Investment analysts at Jefferies Group increased their Q4 2017 earnings per share estimates for Extraction Oil & Gas in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst M. Lear now anticipates that the energy company will post earnings per share of $0.01 for the quarter, up from their previous estimate of ($0.04). Jefferies Group has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.07 EPS, FY2018 earnings at $0.41 EPS and FY2019 earnings at $1.06 EPS.
XOG has been the subject of several other reports. Zacks Investment Research lowered Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. BidaskClub raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Barclays set a $20.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $16.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Imperial Capital assumed coverage on Extraction Oil & Gas in a research report on Wednesday, November 15th. They set an “outperform” rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.83.
Extraction Oil & Gas (XOG) traded up $0.32 during trading hours on Monday, hitting $15.23. The stock had a trading volume of 1,799,697 shares, compared to its average volume of 1,304,017. Extraction Oil & Gas has a 52 week low of $11.31 and a 52 week high of $22.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.97 and a quick ratio of 0.92.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vista Private Wealth Partners. LLC acquired a new stake in Extraction Oil & Gas in the third quarter worth approximately $211,000. Point72 Asset Management L.P. lifted its position in Extraction Oil & Gas by 261.5% in the third quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock worth $46,562,000 after purchasing an additional 2,188,488 shares during the period. Janus Henderson Group PLC acquired a new stake in Extraction Oil & Gas in the third quarter worth approximately $1,189,000. Jane Street Group LLC acquired a new stake in Extraction Oil & Gas in the third quarter worth approximately $210,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Extraction Oil & Gas by 1.1% in the third quarter. Alyeska Investment Group L.P. now owns 2,300,000 shares of the energy company’s stock valued at $35,397,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other 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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