Wall Street analysts expect that Extraction Oil & Gas Inc (NASDAQ:XOG) will report sales of $197.98 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Extraction Oil & Gas’ earnings. The highest sales estimate is $205.74 million and the lowest is $192.17 million. Extraction Oil & Gas posted sales of $94.69 million during the same quarter last year, which would indicate a positive year over year growth rate of 109.1%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Extraction Oil & Gas will report full year sales of $197.98 million for the current year, with estimates ranging from $581.00 million to $590.01 million. For the next year, analysts forecast that the firm will post sales of $1.09 billion per share, with estimates ranging from $1.05 billion to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Extraction Oil & Gas.
XOG has been the subject of several research reports. Zacks Investment Research upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, September 29th. Williams Capital restated a “buy” rating and set a $21.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. SunTrust Banks set a $21.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, KeyCorp restated a “buy” rating and set a $17.00 price objective on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.50.
In related news, insider Matthew R. Owens sold 400,000 shares of the company’s 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 transaction, the insider now directly owns 1,081,051 shares of the company’s stock, valued at approximately $16,010,365.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Simplex Trading LLC increased its position in Extraction Oil & Gas by 322.5% during the 4th quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock valued at $102,000 after buying an additional 5,443 shares in the last quarter. Vista Private Wealth Partners. LLC acquired a new position in Extraction Oil & Gas during the 3rd quarter valued at about $211,000. Point72 Asset Management L.P. increased its position in Extraction Oil & Gas by 261.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock valued at $46,562,000 after buying an additional 2,188,488 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Extraction Oil & Gas during the 3rd quarter valued at about $1,189,000. Finally, Jane Street Group LLC acquired a new position in Extraction Oil & Gas during the 3rd quarter valued at about $210,000. 89.17% of the stock is currently owned by institutional investors.
Shares of Extraction Oil & Gas (NASDAQ:XOG) opened at $14.16 on Friday. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $20.00. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.
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About Extraction Oil & Gas
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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