TIAA CREF Investment Management LLC trimmed its stake in Extraction Oil & Gas (NASDAQ:XOG) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,178 shares of the energy company’s stock after selling 10,597 shares during the period. TIAA CREF Investment Management LLC owned about 0.19% of Extraction Oil & Gas worth $4,782,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Centenus Global Management LP bought a new stake in Extraction Oil & Gas during the fourth quarter valued at $3,842,000. BlackRock Inc. boosted its position in Extraction Oil & Gas by 5.9% during the fourth quarter. BlackRock Inc. now owns 13,009,290 shares of the energy company’s stock valued at $186,162,000 after acquiring an additional 725,366 shares during the last quarter. Virtu Financial LLC bought a new stake in Extraction Oil & Gas during the fourth quarter valued at $542,000. American Century Companies Inc. boosted its position in Extraction Oil & Gas by 4.6% during the fourth quarter. American Century Companies Inc. now owns 636,195 shares of the energy company’s stock valued at $9,104,000 after acquiring an additional 27,707 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Extraction Oil & Gas during the fourth quarter valued at $493,000. 86.88% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. BMO Capital Markets set a $19.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, April 11th. TheStreet cut shares of Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Friday, April 6th. BidaskClub raised shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 12th. Credit Suisse Group cut their price objective on shares of Extraction Oil & Gas from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, April 6th. Finally, Williams Capital set a $22.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.50.
XOG stock opened at $13.66 on Friday. Extraction Oil & Gas has a 1 year low of $10.28 and a 1 year high of $17.34. The stock has a market cap of $2,296.27, a PE ratio of 455.33 and a beta of 1.16. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 0.63.
Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Extraction Oil & Gas had a negative net margin of 7.35% and a positive return on equity of 1.34%. The business had revenue of $214.03 million for the quarter, compared to analysts’ expectations of $198.51 million. sell-side analysts expect that Extraction Oil & Gas will post 0.41 EPS for the current fiscal year.
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Extraction Oil & Gas 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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