Extraction Oil & Gas Inc (XOG) Receives Consensus Rating of “Hold” from Analysts

Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.89.

Several equities research analysts have commented on XOG shares. BidaskClub lowered shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Jefferies Financial Group set a $16.00 price objective on shares of Extraction Oil & Gas and gave the company a “hold” rating in a research note on Friday, July 13th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, August 13th. Finally, Citigroup decreased their price target on shares of Extraction Oil & Gas from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, October 25th.

Several hedge funds have recently modified their holdings of XOG. Aperio Group LLC purchased a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth approximately $158,000. Principal Financial Group Inc. purchased a new position in Extraction Oil & Gas in the 1st quarter valued at approximately $181,000. State of Alaska Department of Revenue grew its stake in Extraction Oil & Gas by 40.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock valued at $194,000 after buying an additional 3,780 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Extraction Oil & Gas in the 3rd quarter valued at approximately $202,000. Finally, Strs Ohio purchased a new position in Extraction Oil & Gas in the 2nd quarter valued at approximately $252,000. Institutional investors own 91.90% of the company’s stock.

NASDAQ:XOG opened at $8.65 on Friday. 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 stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 288.17 and a beta of 1.80. Extraction Oil & Gas has a 52 week low of $7.20 and a 52 week high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The firm 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 2.14%. The company’s quarterly revenue was up 56.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. Equities analysts forecast that Extraction Oil & Gas will post 0.29 earnings per share for the current year.

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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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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