Extraction Oil & Gas (NASDAQ:XOG) received a $15.00 price target from research analysts at Williams Capital in a research note issued on Wednesday. The firm currently has a “buy” rating on the energy company’s stock. Williams Capital’s target price would suggest a potential upside of 72.61% from the stock’s current price.
A number of other brokerages have also recently commented on XOG. Macquarie cut shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, August 7th. KLR Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, August 20th. BidaskClub lowered Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. TheStreet lowered Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Tuesday, August 14th. Finally, Jefferies Financial Group set a $16.00 target price on Extraction Oil & Gas and gave the company a “hold” rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.90.
Shares of NASDAQ XOG opened at $8.69 on Wednesday. The company has a market cap of $1.45 billion, a PE ratio of 289.67 and a beta of 1.80. Extraction Oil & Gas has a 12 month low of $7.20 and a 12 month high of $17.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.37 and a current ratio of 0.41.
Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. As a group, analysts forecast that Extraction Oil & Gas will post 0.29 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Extraction Oil & Gas during the 2nd quarter valued at approximately $470,000. American Century Companies Inc. lifted its holdings in Extraction Oil & Gas by 22.7% in the 2nd quarter. American Century Companies Inc. now owns 854,081 shares of the energy company’s stock valued at $12,546,000 after purchasing an additional 158,110 shares in the last quarter. Bank of America Corp DE lifted its holdings in Extraction Oil & Gas by 293.1% in the 2nd quarter. Bank of America Corp DE now owns 337,611 shares of the energy company’s stock valued at $4,960,000 after purchasing an additional 251,736 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Extraction Oil & Gas in the 1st quarter valued at $181,000. Finally, Canyon Capital Advisors LLC purchased a new position in Extraction Oil & Gas in the 2nd quarter valued at $17,541,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.
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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