Extraction Oil & Gas Inc (XOG) Receives Average Recommendation of “Buy” from Analysts

Extraction Oil & Gas Inc (NYSE:XOG) has been assigned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.83.

Several equities research analysts recently weighed in on XOG shares. Barclays PLC set a $20.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 11th. SunTrust Banks, Inc. set a $20.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. decreased their target price on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, July 21st. KeyCorp restated a “buy” rating and set a $17.00 target price on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. Finally, Royal Bank Of Canada set a $16.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, August 24th.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. lifted its stake in Extraction Oil & Gas by 147.4% in the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after buying an additional 5,305 shares during the last quarter. Legal & General Group Plc lifted its stake in Extraction Oil & Gas by 1,416.4% in the first quarter. Legal & General Group Plc now owns 10,084 shares of the energy company’s stock valued at $187,000 after buying an additional 9,419 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Extraction Oil & Gas in the third quarter valued at approximately $156,000. BlueCrest Capital Management Ltd acquired a new position in shares of Extraction Oil & Gas in the second quarter valued at approximately $144,000. Finally, Great West Life Assurance Co. Can acquired a new position in shares of Extraction Oil & Gas in the second quarter valued at approximately $148,000.

Extraction Oil & Gas (XOG) traded up $0.05 during mid-day trading on Friday, reaching $16.23. The company had a trading volume of 1,320,000 shares, compared to its average volume of 1,250,000. Extraction Oil & Gas has a 12-month low of $11.31 and a 12-month high of $25.08.

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 consensus estimate of ($0.01) by $0.03. The firm had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The business’s revenue was up 83.2% on a year-over-year basis.

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.

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

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