Extraction Oil & Gas Inc (XOG) to Post FY2017 Earnings of $0.00 Per Share, SunTrust Banks Forecasts

Extraction Oil & Gas Inc (NASDAQ:XOG) – Research analysts at SunTrust Banks increased their FY2017 earnings estimates for shares of Extraction Oil & Gas in a report released on Tuesday. SunTrust Banks analyst W. Fitzpatrick now forecasts that the energy company will post earnings per share of $0.00 for the year, up from their prior estimate of ($0.05). SunTrust Banks currently has a “Buy” rating and a $21.00 target price on the stock. SunTrust Banks also issued estimates for Extraction Oil & Gas’ Q4 2017 earnings at $0.08 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.64 EPS.

Other analysts also recently issued reports about the stock. Imperial Capital started coverage on shares of Extraction Oil & Gas in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 price target on the stock. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Barclays set a $20.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Wednesday, October 11th. Jefferies Group began coverage on shares of Extraction Oil & Gas in a report on Monday, October 9th. They issued a “hold” rating and a $14.00 price objective on the stock. Finally, BidaskClub cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.50.

Extraction Oil & Gas (XOG) opened at $14.83 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97. Extraction Oil & Gas has a one year low of $11.31 and a one year high of $21.40.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Extraction Oil & Gas by 16.4% during the second quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock worth $153,792,000 after purchasing an additional 1,612,047 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Extraction Oil & Gas by 87.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock worth $104,744,000 after buying an additional 3,641,505 shares in the last quarter. Capital World Investors boosted its holdings in shares of Extraction Oil & Gas by 25.3% during the 2nd quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after buying an additional 1,052,900 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of Extraction Oil & Gas by 16,446.9% during the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after buying an additional 3,052,713 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Extraction Oil & Gas by 261.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock worth $46,562,000 after buying an additional 2,188,488 shares in the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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