Extraction Oil & Gas Inc (XOG) Insider Matthew R. Owens Sells 400,000 Shares

Extraction Oil & Gas Inc (NASDAQ:XOG) insider Matthew R. Owens sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the sale, the insider now owns 1,081,051 shares in the company, valued at $16,010,365.31. The sale was disclosed in a filing with the SEC, which is available at this link.

Extraction Oil & Gas Inc (NASDAQ XOG) traded up $0.12 during trading on Friday, hitting $14.95. 1,926,900 shares of the stock traded hands, compared to its average volume of 1,302,340. 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 Inc has a 12-month low of $11.31 and a 12-month high of $21.40.

Several analysts have issued reports on XOG shares. KeyCorp reiterated an “overweight” rating on shares of Extraction Oil & Gas in a research note on Wednesday, November 8th. BidaskClub upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. SunTrust Banks set a $21.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, October 12th. Finally, Barclays set a $20.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Extraction Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $19.50.

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in shares of Extraction Oil & Gas by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock valued at $155,000 after buying an additional 1,453 shares in the last quarter. Citigroup Inc. raised its position in shares of Extraction Oil & Gas by 147.4% during the 2nd 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 in the last quarter. Teachers Advisors LLC raised its position in shares of Extraction Oil & Gas by 23.5% during the 1st quarter. Teachers Advisors LLC now owns 46,809 shares of the energy company’s stock valued at $868,000 after buying an additional 8,899 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Extraction Oil & Gas during the 3rd quarter valued at $156,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Extraction Oil & Gas during the 2nd quarter valued at $144,000. Hedge funds and other institutional investors own 89.17% of the company’s stock.

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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.

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