Extraction Oil & Gas (NASDAQ:XOG) – Stock analysts at KeyCorp reduced their Q2 2018 earnings estimates for Extraction Oil & Gas in a research note issued to investors on Wednesday, March 14th, according to Zacks Investment Research. KeyCorp analyst D. Deckelbaum now expects that the energy company will earn $0.09 per share for the quarter, down from their prior estimate of $0.10. KeyCorp also issued estimates for Extraction Oil & Gas’ FY2018 earnings at $0.40 EPS.
Several other analysts have also recently issued reports on XOG. Credit Suisse Group initiated coverage on Extraction Oil & Gas in a report on Monday, December 11th. They set an “outperform” rating and a $19.00 price objective on the stock. Williams Capital set a $21.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, December 19th. BidaskClub raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Macquarie initiated coverage on Extraction Oil & Gas in a report on Thursday, January 25th. They set an “outperform” rating and a $19.00 price objective on the stock. Finally, ValuEngine cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.
XOG stock traded down $0.44 during midday trading on Friday, hitting $10.72. The company’s stock had a trading volume of 1,968,341 shares, compared to its average volume of 1,435,469. The company has a market capitalization of $1,851.99, a price-to-earnings ratio of 357.33 and a beta of 1.16. Extraction Oil & Gas has a 12 month low of $10.28 and a 12 month high of $18.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38.
Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Extraction Oil & Gas had a positive return on equity of 1.34% and a negative net margin of 7.35%. The business had revenue of $214.03 million during the quarter, compared to the consensus estimate of $198.51 million.
A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in Extraction Oil & Gas by 274.4% during the 4th quarter. Jane Street Group LLC now owns 50,961 shares of the energy company’s stock valued at $729,000 after buying an additional 37,348 shares during the period. Millennium Management LLC raised its holdings in Extraction Oil & Gas by 757.3% during the 4th quarter. Millennium Management LLC now owns 774,168 shares of the energy company’s stock valued at $11,078,000 after buying an additional 683,868 shares during the period. Luminus Management LLC raised its holdings in Extraction Oil & Gas by 13.8% during the 4th quarter. Luminus Management LLC now owns 7,321,329 shares of the energy company’s stock valued at $104,768,000 after buying an additional 885,876 shares during the period. Two Sigma Investments LP purchased a new stake in Extraction Oil & Gas during the 4th quarter valued at $359,000. Finally, Ellington Management Group LLC purchased a new stake in Extraction Oil & Gas during the 4th quarter valued at $157,000. Institutional investors own 88.27% of the company’s stock.
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Extraction Oil & Gas Company Profile
Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.
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