Extraction Oil & Gas Inc (XOG) Given a $21.00 Price Target at SunTrust Banks, Inc.

Extraction Oil & Gas Inc (NYSE:XOG) received a $21.00 price target from analysts at SunTrust Banks, Inc. in a research report issued on Friday. The firm presently has a “buy” rating on the energy company’s stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 31.66% from the stock’s current price. SunTrust Banks also issued estimates for Extraction Oil & Gas’ FY2020 earnings at $0.56 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, October 12th. Barclays PLC set a $20.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, October 11th. Citigroup Inc. dropped their price target on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. KeyCorp reissued a “buy” rating and issued a $17.00 price target on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. Finally, Royal Bank Of Canada set a $16.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Extraction Oil & Gas currently has an average rating of “Buy” and an average price target of $20.46.

Extraction Oil & Gas (NYSE:XOG) last posted its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm’s quarterly revenue was up 83.2% on a year-over-year basis.

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Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Extraction Oil & Gas by 16.4% in the second quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock valued at $153,792,000 after acquiring an additional 1,612,047 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Extraction Oil & Gas by 87.8% in the second quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after acquiring an additional 3,641,505 shares during the last quarter. Capital World Investors increased its position in shares of Extraction Oil & Gas by 25.3% in the second quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock valued at $70,155,000 after acquiring an additional 1,052,900 shares during the last quarter. State Street Corp increased its position in shares of Extraction Oil & Gas by 46.0% in the second quarter. State Street Corp now owns 2,631,506 shares of the energy company’s stock valued at $35,393,000 after acquiring an additional 829,547 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Extraction Oil & Gas by 64.2% in the second quarter. Balyasny Asset Management LLC now owns 1,604,204 shares of the energy company’s stock valued at $21,577,000 after acquiring an additional 626,998 shares during the last quarter.

Extraction Oil & Gas Company Profile

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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