EXTRACTION O&G (NASDAQ:XOG) – Jefferies Group upped their Q3 2018 EPS estimates for shares of EXTRACTION O&G in a research note issued to investors on Thursday. Jefferies Group analyst M. Lear now expects that the energy company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.09. Jefferies Group currently has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for EXTRACTION O&G’s Q4 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.24 EPS and Q3 2019 earnings at $0.29 EPS.
XOG has been the topic of a number of other research reports. Zacks Investment Research lowered EXTRACTION O&G from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. BidaskClub upgraded EXTRACTION O&G from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada set a $16.00 target price on EXTRACTION O&G and gave the stock a “buy” rating in a research report on Thursday, August 24th. Barclays PLC set a $20.00 price target on EXTRACTION O&G and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Citigroup Inc. lowered their target price on EXTRACTION O&G from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.83.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its holdings in EXTRACTION O&G by 147.4% during the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after purchasing an additional 5,305 shares in the last quarter. Legal & General Group Plc lifted its holdings in EXTRACTION O&G by 1,416.4% during the 1st quarter. Legal & General Group Plc now owns 10,084 shares of the energy company’s stock worth $187,000 after buying an additional 9,419 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of EXTRACTION O&G during the 3rd quarter valued at $156,000. BlueCrest Capital Management Ltd bought a new stake in shares of EXTRACTION O&G during the 2nd quarter valued at $144,000. Finally, Great West Life Assurance Co. Can bought a new stake in shares of EXTRACTION O&G during the 2nd quarter valued at $148,000. 89.11% of the stock is currently owned by institutional investors.
EXTRACTION O&G 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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