Extraction Oil & Gas (NASDAQ:XOG) received a $13.00 price objective from equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the energy company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 43.17% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price target on shares of Extraction Oil & Gas in a research note on Monday, August 13th. Williams Capital reiterated a “buy” rating and issued a $20.00 price target on shares of Extraction Oil & Gas in a research note on Tuesday, August 21st. Macquarie set a $12.00 price target on shares of Extraction Oil & Gas and gave the stock a “hold” rating in a research note on Friday. KLR Group restated a “buy” rating and set a $25.00 price objective on shares of Extraction Oil & Gas in a research report on Monday, August 20th. Finally, Jefferies Financial Group set a $16.00 price objective on shares of Extraction Oil & Gas and gave the stock a “hold” rating in a research report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Extraction Oil & Gas has a consensus rating of “Buy” and an average price target of $17.60.
Extraction Oil & Gas stock traded down $1.40 during trading on Friday, reaching $9.08. The stock had a trading volume of 310,755 shares, compared to its average volume of 1,938,046. Extraction Oil & Gas has a 52-week low of $10.03 and a 52-week high of $17.42. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.90 billion, a P/E ratio of 302.67 and a beta of 0.75.
Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, August 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. The firm had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $234.15 million. As a group, research analysts anticipate that Extraction Oil & Gas will post 0.53 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Extraction Oil & Gas by 38.2% during the 2nd quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after buying an additional 3,697,918 shares during the last quarter. BlackRock Inc. lifted its position in shares of Extraction Oil & Gas by 0.3% during the 1st quarter. BlackRock Inc. now owns 13,042,511 shares of the energy company’s stock worth $149,467,000 after buying an additional 33,221 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Extraction Oil & Gas by 100.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock worth $50,878,000 after buying an additional 1,738,601 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth approximately $31,730,000. Finally, Caymus Capital Partners L.P. increased its holdings in shares of Extraction Oil & Gas by 75.7% in the 2nd quarter. Caymus Capital Partners L.P. now owns 1,811,194 shares of the energy company’s stock valued at $26,606,000 after acquiring an additional 780,600 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.
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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