Extraction Oil & Gas Inc (XOG) Receives Consensus Recommendation of “Hold” from Analysts

Extraction Oil & Gas Inc (NASDAQ:XOG) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.25.

A number of research analysts have weighed in on the company. Credit Suisse Group lowered Extraction Oil & Gas from an “outperform” rating to a “neutral” rating in a research note on Monday, November 12th. ValuEngine raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. BMO Capital Markets reissued a “buy” rating and set a $17.00 price target on shares of Extraction Oil & Gas in a research note on Monday, August 13th. Finally, BidaskClub raised Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th.

Shares of Extraction Oil & Gas stock opened at $6.20 on Tuesday. Extraction Oil & Gas has a fifty-two week low of $5.43 and a fifty-two week high of $17.42. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 206.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Extraction Oil & Gas had a positive return on equity of 2.07% and a negative net margin of 0.87%. The business had revenue of $282.20 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same period in the prior year, the company earned ($0.20) EPS. The company’s revenue for the quarter was up 56.0% compared to the same quarter last year. Analysts expect that Extraction Oil & Gas will post 0.2 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in XOG. Principal Financial Group Inc. acquired a new stake in shares of Extraction Oil & Gas during the 1st quarter worth $181,000. Aperio Group LLC acquired a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth $158,000. First Trust Advisors LP increased its holdings in shares of Extraction Oil & Gas by 739.2% during the 2nd quarter. First Trust Advisors LP now owns 474,158 shares of the energy company’s stock worth $6,965,000 after buying an additional 417,655 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth $31,730,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth $470,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

About Extraction Oil & Gas

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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

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