BMO Capital Markets upgraded shares of Extraction Oil & Gas Inc (NYSE:XOG) from a market perform rating to an outperform rating in a research note issued to investors on Monday, August 7th, MarketBeat.com reports. They currently have $17.00 price target on the energy company’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts have also commented on the stock. Barclays PLC reaffirmed an overweight rating and issued a $22.00 price target (down from $24.00) on shares of Extraction Oil & Gas in a report on Saturday, April 22nd. Royal Bank Of Canada set a $25.00 price target on shares of Extraction Oil & Gas and gave the company a buy rating in a report on Thursday, May 18th. Zacks Investment Research lowered shares of Extraction Oil & Gas from a buy rating to a hold rating in a report on Friday, June 23rd. Credit Suisse Group reaffirmed an outperform rating and issued a $23.00 price target on shares of Extraction Oil & Gas in a report on Friday, June 2nd. Finally, Citigroup Inc. lowered their price target on shares of Extraction Oil & Gas from $23.00 to $21.00 and set a buy rating on the stock in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $22.82.
Extraction Oil & Gas (NYSE:XOG) traded up 1.64% during trading on Monday, reaching $11.75. The company had a trading volume of 834,474 shares. The stock has a 50 day moving average price of $12.34 and a 200 day moving average price of $15.39. Extraction Oil & Gas has a 52 week low of $11.31 and a 52 week high of $25.08.
Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 9.72% and a return on equity of 2.15%. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $121.15 million. Extraction Oil & Gas’s revenue was up 83.2% on a year-over-year basis. Equities research analysts anticipate that Extraction Oil & Gas will post ($0.01) EPS for the current year.
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Several large investors have recently bought and sold shares of XOG. State Street Corp purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at about $6,718,000. Norges Bank purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at about $4,494,000. Teachers Advisors LLC purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at about $760,000. Russell Investments Group Ltd. raised its stake in Extraction Oil & Gas by 62.3% in the first quarter. Russell Investments Group Ltd. now owns 100,994 shares of the energy company’s stock valued at $1,873,000 after buying an additional 38,765 shares during the last quarter. Finally, Rubric Capital Management LP purchased a new stake in Extraction Oil & Gas during the first quarter valued at about $8,440,000.
About Extraction Oil & Gas
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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