Equities Analysts Issue Forecasts for Extraction Oil & Gas Inc’s Q4 2017 Earnings (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) – Investment analysts at KeyCorp lowered their Q4 2017 earnings per share (EPS) estimates for shares of Extraction Oil & Gas in a research report issued on Thursday, Zacks Investment Research reports. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will earn $0.02 per share for the quarter, down from their previous forecast of $0.05. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Extraction Oil & Gas’ FY2018 earnings at $0.41 EPS.

A number of other equities research analysts also recently weighed in on XOG. BidaskClub downgraded shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks set a $21.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Friday, October 27th. Imperial Capital began coverage on shares of Extraction Oil & Gas in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of Extraction Oil & Gas in a research note on Monday, December 11th. They issued an “outperform” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.54.

Extraction Oil & Gas (NASDAQ:XOG) traded up $0.46 during mid-day trading on Monday, reaching $12.85. 912,971 shares of the company’s stock traded hands, compared to its average volume of 1,528,073. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97. Extraction Oil & Gas has a 52-week low of $11.31 and a 52-week high of $19.22.

In related news, insider Matthew R. Owens sold 400,000 shares of Extraction Oil & Gas stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the sale, the insider now directly owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of Extraction Oil & Gas by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after purchasing an additional 1,453 shares during the period. Citigroup Inc. lifted its position in shares of Extraction Oil & Gas by 147.4% in the 2nd quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock worth $120,000 after purchasing an additional 5,305 shares during the period. Simplex Trading LLC lifted its position in shares of Extraction Oil & Gas by 322.5% in the 4th 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. State of Alaska Department of Revenue acquired a new position in shares of Extraction Oil & Gas in the 4th quarter worth approximately $100,000. Finally, Calamos Advisors LLC acquired a new position in shares of Extraction Oil & Gas in the 3rd quarter worth approximately $156,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

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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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Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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