Extraction Oil & Gas (NASDAQ:XOG) has been given an average recommendation of “Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.91.
A number of research firms recently weighed in on XOG. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet upgraded Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research note on Thursday, May 17th. Williams Capital set a $20.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 9th. JPMorgan Chase & Co. assumed coverage on Extraction Oil & Gas in a report on Friday, May 4th. They issued an “overweight” rating and a $21.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Extraction Oil & Gas in a report on Thursday, April 26th.
XOG traded up $0.06 during trading hours on Friday, reaching $16.51. The company’s stock had a trading volume of 1,608,284 shares, compared to its average volume of 1,660,008. Extraction Oil & Gas has a 52 week low of $10.28 and a 52 week high of $17.00. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.90 billion, a PE ratio of 542.33 and a beta of 0.81.
Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings results on Tuesday, May 8th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.35). Extraction Oil & Gas had a negative net margin of 14.11% and a positive return on equity of 0.71%. The business had revenue of $230.22 million during the quarter, compared to the consensus estimate of $219.76 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was up 156.8% on a year-over-year basis. equities analysts forecast that Extraction Oil & Gas will post 0.38 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake in Extraction Oil & Gas by 131.8% in the first quarter. Point72 Asset Management L.P. now owns 4,657,889 shares of the energy company’s stock valued at $53,379,000 after buying an additional 2,648,070 shares in the last quarter. Boston Partners raised its position in Extraction Oil & Gas by 351.0% in the fourth quarter. Boston Partners now owns 2,327,963 shares of the energy company’s stock valued at $33,313,000 after purchasing an additional 1,811,782 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Extraction Oil & Gas by 930.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,724,838 shares of the energy company’s stock valued at $19,767,000 after purchasing an additional 1,557,504 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in Extraction Oil & Gas in the fourth quarter valued at about $17,218,000. Finally, Emerald Advisers Inc. PA bought a new position in Extraction Oil & Gas in the fourth quarter valued at about $15,360,000. 89.37% of the stock is currently owned by institutional investors.
About Extraction Oil & Gas
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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