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.
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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