Extraction Oil & Gas (NASDAQ:XOG) has been given a $21.00 target price by stock analysts at Williams Capital in a research report issued to clients and investors on Tuesday, December 19th. The brokerage currently has a “buy” rating on the energy company’s stock. Williams Capital’s price target suggests a potential upside of 46.96% from the company’s previous close.
XOG has been the subject of a number of other reports. KeyCorp reiterated a “buy” rating and set a $17.00 target price on shares of Extraction Oil & Gas in a research report on Tuesday, September 19th. Credit Suisse Group started coverage on Extraction Oil & Gas in a research report on Monday, December 11th. They issued an “outperform” rating and a $19.00 price target for the company. SunTrust Banks set a $21.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, September 29th. Finally, Imperial Capital assumed coverage on Extraction Oil & Gas in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.50.
Extraction Oil & Gas (NASDAQ XOG) traded up $0.54 during trading on Tuesday, reaching $14.29. 2,114,300 shares of the company traded hands, compared to its average volume of 1,450,839. Extraction Oil & Gas has a one year low of $11.31 and a one year high of $20.00. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2,440.00 and a price-to-earnings ratio of -8.26.
In related news, insider Matthew R. Owens sold 400,000 shares of Extraction Oil & Gas stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the completion of the sale, the insider now owns 1,081,051 shares of the company’s stock, valued at $16,010,365.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC lifted its holdings in shares of Extraction Oil & Gas by 322.5% during the fourth quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock worth $102,000 after purchasing an additional 5,443 shares during the period. Vista Private Wealth Partners. LLC purchased a new position in Extraction Oil & Gas during the third quarter valued at approximately $211,000. Point72 Asset Management L.P. raised its position in Extraction Oil & Gas by 261.5% during the third quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock valued at $46,562,000 after acquiring an additional 2,188,488 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Extraction Oil & Gas during the third quarter valued at approximately $1,189,000. Finally, Jane Street Group LLC purchased a new position in Extraction Oil & Gas during the third quarter valued at approximately $210,000. 89.17% of the stock is owned by hedge funds and other institutional investors.
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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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