Wall Street brokerages expect that Extraction Oil & Gas Inc (NASDAQ:XOG) will report sales of $233.37 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Extraction Oil & Gas’ earnings. The highest sales estimate is $243.75 million and the lowest is $223.00 million. Extraction Oil & Gas reported sales of $260.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The firm is expected to report its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Extraction Oil & Gas will report full-year sales of $1.03 billion for the current year, with estimates ranging from $959.00 million to $1.09 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.19 billion, with estimates ranging from $1.11 billion to $1.33 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Extraction Oil & Gas.
Extraction Oil & Gas (NASDAQ:XOG) last posted its earnings results on Thursday, May 2nd. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.13). Extraction Oil & Gas had a negative return on equity of 2.57% and a net margin of 7.21%. The firm had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $227.52 million.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Friday, February 15th. ValuEngine cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Cowen assumed coverage on shares of Extraction Oil & Gas in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $6.00 target price on the stock. Finally, Williams Capital set a $8.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.25.
NASDAQ XOG traded up $0.04 on Friday, hitting $4.16. The stock had a trading volume of 56,950 shares, compared to its average volume of 4,158,006. Extraction Oil & Gas has a 52-week low of $3.14 and a 52-week high of $17.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.60 and a quick ratio of 0.53. The stock has a market capitalization of $644.88 million, a PE ratio of -41.05 and a beta of 1.60.
In related news, Director Donald L. Evans purchased 40,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $4.25 per share, with a total value of $170,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 9.20% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Extraction Oil & Gas by 21.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,168,567 shares of the energy company’s stock worth $30,323,000 after acquiring an additional 1,273,199 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Extraction Oil & Gas in the 4th quarter worth $21,297,000. Marshall Wace LLP grew its holdings in Extraction Oil & Gas by 1,522.9% in the 1st quarter. Marshall Wace LLP now owns 4,165,682 shares of the energy company’s stock worth $17,622,000 after acquiring an additional 3,909,000 shares during the last quarter. Boston Partners grew its holdings in Extraction Oil & Gas by 2.6% in the 1st quarter. Boston Partners now owns 2,144,404 shares of the energy company’s stock worth $9,071,000 after acquiring an additional 53,789 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Extraction Oil & Gas by 12.2% in the 1st quarter. Geode Capital Management LLC now owns 1,311,001 shares of the energy company’s stock worth $5,545,000 after acquiring an additional 142,186 shares during the last quarter.
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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.
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