Extraction Oil & Gas (NASDAQ:XOG) Downgraded by BidaskClub

BidaskClub lowered shares of Extraction Oil & Gas (NASDAQ:XOG) from a hold rating to a sell rating in a research report released on Saturday, BidAskClub reports.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Extraction Oil & Gas from a sell rating to a hold rating in a research note on Thursday, August 8th. Royal Bank of Canada set a $8.00 price objective on shares of Extraction Oil & Gas and gave the stock a buy rating in a research note on Friday, August 2nd. Barclays initiated coverage on shares of Extraction Oil & Gas in a research note on Friday, August 30th. They issued an underweight rating and a $4.00 price objective for the company. KeyCorp initiated coverage on shares of Extraction Oil & Gas in a research note on Tuesday, May 28th. They issued a sector weight rating for the company. Finally, ValuEngine raised shares of Extraction Oil & Gas from a sell rating to a hold rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Extraction Oil & Gas currently has a consensus rating of Hold and an average target price of $9.69.

Shares of NASDAQ:XOG opened at $3.60 on Friday. The company has a market capitalization of $504.13 million, a price-to-earnings ratio of -36.00 and a beta of 1.99. Extraction Oil & Gas has a 52 week low of $3.04 and a 52 week high of $11.82. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $3.79 and a 200 day moving average of $4.09.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The business had revenue of $222.10 million during the quarter, compared to the consensus estimate of $217.03 million. Extraction Oil & Gas had a negative return on equity of 3.82% and a net margin of 10.89%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. On average, sell-side analysts expect that Extraction Oil & Gas will post -0.31 EPS for the current year.

In other Extraction Oil & Gas news, Chairman Mark Erickson sold 70,024 shares of Extraction Oil & Gas stock in a transaction on Monday, June 24th. The shares were sold at an average price of $4.08, for a total value of $285,697.92. Following the transaction, the chairman now directly owns 1,614,542 shares of the company’s stock, valued at $6,587,331.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in XOG. Dimensional Fund Advisors LP grew its holdings in shares of Extraction Oil & Gas by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock valued at $25,292,000 after buying an additional 888,898 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Extraction Oil & Gas by 105.6% during the fourth quarter. Deutsche Bank AG now owns 150,727 shares of the energy company’s stock valued at $645,000 after buying an additional 77,430 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Extraction Oil & Gas during the first quarter valued at $72,000. First Trust Advisors LP grew its holdings in shares of Extraction Oil & Gas by 73.1% during the first quarter. First Trust Advisors LP now owns 808,686 shares of the energy company’s stock valued at $3,421,000 after buying an additional 341,607 shares during the last quarter. Finally, Alambic Investment Management L.P. grew its holdings in shares of Extraction Oil & Gas by 156.3% during the first quarter. Alambic Investment Management L.P. now owns 540,674 shares of the energy company’s stock valued at $2,287,000 after buying an additional 329,716 shares during the last quarter.

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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

Featured Story: What is an investor looking for in an SEC filing?

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

Receive News & Ratings for Extraction Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extraction Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.