Extraction Oil & Gas Inc (XOG) Position Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its position in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 131.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,657,889 shares of the energy company’s stock after acquiring an additional 2,648,070 shares during the quarter. Point72 Asset Management L.P.’s holdings in Extraction Oil & Gas were worth $53,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Guggenheim Capital LLC raised its stake in shares of Extraction Oil & Gas by 37.1% during the 1st quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock worth $263,000 after acquiring an additional 6,218 shares in the last quarter. LPL Financial LLC raised its stake in shares of Extraction Oil & Gas by 22.6% during the 1st quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock worth $296,000 after acquiring an additional 4,771 shares in the last quarter. Barclays PLC increased its stake in Extraction Oil & Gas by 202.5% during the 1st quarter. Barclays PLC now owns 116,265 shares of the energy company’s stock valued at $1,332,000 after purchasing an additional 77,829 shares in the last quarter. A.R.T. Advisors LLC increased its stake in Extraction Oil & Gas by 30.4% during the 1st quarter. A.R.T. Advisors LLC now owns 147,080 shares of the energy company’s stock valued at $1,685,000 after purchasing an additional 34,300 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Extraction Oil & Gas during the 1st quarter valued at approximately $181,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

A number of brokerages have issued reports on XOG. BMO Capital Markets set a $19.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, April 11th. BidaskClub upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. ValuEngine upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Williams Capital set a $22.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, TheStreet upgraded shares of Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.62.

XOG stock opened at $15.28 on Thursday. The firm has a market capitalization of $2.76 billion, a PE ratio of 509.33 and a beta of 1.05. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. Extraction Oil & Gas Inc has a 12 month low of $10.28 and a 12 month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Tuesday, May 8th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $219.76 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue was up 156.8% on a year-over-year basis. research analysts expect that Extraction Oil & Gas Inc will post 0.38 EPS for the current fiscal year.

Extraction Oil & Gas 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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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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