Extraction Oil & Gas Inc to Post Q1 2018 Earnings of $0.10 Per Share, SunTrust Banks Forecasts (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities researchers at SunTrust Banks issued their Q1 2018 earnings estimates for Extraction Oil & Gas in a report issued on Tuesday. SunTrust Banks analyst W. Fitzpatrick forecasts that the energy company will earn $0.10 per share for the quarter. 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’ Q2 2018 earnings at $0.13 EPS.

Several other brokerages also recently commented on XOG. KeyCorp reissued an “overweight” rating on shares of Extraction Oil & Gas in a report on Wednesday, November 8th. BidaskClub raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, October 12th. Barclays set a $20.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Williams Capital reaffirmed a “buy” rating and set a $21.00 price objective on shares of Extraction Oil & Gas in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.50.

Shares of Extraction Oil & Gas (NASDAQ:XOG) traded up $0.12 during trading hours on Wednesday, reaching $14.95. 1,926,900 shares of the company’s stock traded hands, compared to its average volume of 1,302,340. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57. Extraction Oil & Gas has a 1 year low of $11.31 and a 1 year high of $21.40.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Extraction Oil & Gas by 87.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock worth $104,744,000 after purchasing an additional 3,641,505 shares during the period. Citadel Advisors LLC raised its position in Extraction Oil & Gas by 16,446.9% in the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after purchasing an additional 3,052,713 shares during the period. Point72 Asset Management L.P. raised its position in Extraction Oil & Gas by 261.5% in 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 purchasing an additional 2,188,488 shares during the period. BlackRock Inc. raised its position in Extraction Oil & Gas by 16.4% in the 2nd 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 period. Finally, Capital World Investors raised its position in Extraction Oil & Gas by 25.3% in the 2nd quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after purchasing an additional 1,052,900 shares during the period. 89.17% of the stock is owned by institutional investors.

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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.

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

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