JPMorgan Chase & Co. downgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from an overweight rating to an underweight rating in a research report report published on Friday, MarketBeat.com reports. They currently have $7.00 price target on the energy company’s stock, down from their prior price target of $12.00.
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group set a $13.00 price target on shares of Extraction Oil & Gas and gave the company a buy rating in a research note on Friday, October 19th. Williams Capital reissued a buy rating and issued a $15.00 price target on shares of Extraction Oil & Gas in a research note on Friday, October 19th. KLR Group reissued a buy rating and issued a $25.00 price target on shares of Extraction Oil & Gas in a research note on Monday, August 20th. Zacks Investment Research raised shares of Extraction Oil & Gas from a hold rating to a buy rating and set a $12.00 price target on the stock in a research note on Saturday, October 13th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $17.00 target price on shares of Extraction Oil & Gas in a research note on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Extraction Oil & Gas currently has an average rating of Hold and an average price target of $15.18.
Shares of Extraction Oil & Gas stock traded up $0.01 on Friday, reaching $5.55. The company had a trading volume of 3,766,637 shares, compared to its average volume of 3,906,042. The company has a market capitalization of $976.08 million, a price-to-earnings ratio of 185.00 and a beta of 1.67. Extraction Oil & Gas has a 52-week low of $5.41 and a 52-week high of $17.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85.
Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $282.20 million during the quarter, compared to analysts’ expectations of $256.67 million. Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.07%. Extraction Oil & Gas’s revenue was up 56.0% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share. Equities analysts expect that Extraction Oil & Gas will post 0.2 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in XOG. FMR LLC grew its holdings in 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 acquiring an additional 3,697,918 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Extraction Oil & Gas during the 2nd quarter worth approximately $31,730,000. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 1,738,601 shares in the last quarter. Capital International Investors acquired a new position in Extraction Oil & Gas during the 3rd quarter worth approximately $18,967,000. Finally, Jennison Associates LLC acquired a new position in Extraction Oil & Gas during the 3rd quarter worth approximately $18,769,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
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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