Extraction Oil & Gas Inc (NASDAQ:XOG) Expected to Earn Q3 2019 Earnings of ($0.11) Per Share

Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities research analysts at SunTrust Banks reduced their Q3 2019 earnings estimates for shares of Extraction Oil & Gas in a research report issued on Wednesday, October 16th. SunTrust Banks analyst W. Fitzpatrick now anticipates that the energy company will post earnings of ($0.11) per share for the quarter, down from their previous forecast of ($0.09).

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Extraction Oil & Gas had a negative return on equity of 3.82% and a net margin of 10.89%. The company had revenue of $222.10 million for the quarter, compared to analyst estimates of $217.03 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The company’s revenue was down 14.6% on a year-over-year basis.

A number of other brokerages have also commented on XOG. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Citigroup dropped their price objective on shares of Extraction Oil & Gas from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Monday, September 23rd. Wells Fargo & Co restated a “hold” rating on shares of Extraction Oil & Gas in a report on Monday, October 14th. Imperial Capital lowered shares of Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $7.00 to $2.00 in a report on Thursday, October 17th. Finally, Barclays started coverage on shares of Extraction Oil & Gas in a report on Friday, August 30th. They set an “underweight” rating and a $4.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.55.

Shares of NASDAQ:XOG opened at $2.10 on Monday. Extraction Oil & Gas has a 12 month low of $1.92 and a 12 month high of $10.31. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $3.04 and its 200 day simple moving average is $3.87. The firm has a market cap of $319.56 million, a price-to-earnings ratio of -21.00 and a beta of 1.96.

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new stake in Extraction Oil & Gas in the 3rd quarter valued at $340,000. CIBC Private Wealth Group LLC acquired a new stake in Extraction Oil & Gas in the 3rd quarter valued at $88,000. LGT Capital Partners LTD. grew its position in shares of Extraction Oil & Gas by 31.9% in the 3rd quarter. LGT Capital Partners LTD. now owns 620,000 shares of the energy company’s stock valued at $1,823,000 after acquiring an additional 150,000 shares during the period. Natixis grew its position in shares of Extraction Oil & Gas by 318.8% in the 2nd quarter. Natixis now owns 1,304,409 shares of the energy company’s stock valued at $5,648,000 after acquiring an additional 992,936 shares during the period. Finally, Luminus Management LLC grew its position in shares of Extraction Oil & Gas by 4.6% in the 2nd quarter. Luminus Management LLC now owns 11,714,665 shares of the energy company’s stock valued at $50,725,000 after acquiring an additional 514,665 shares during the period.

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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

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

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