Extraction Oil & Gas (NASDAQ:XOG) Downgraded by BidaskClub

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BidaskClub lowered shares of Extraction Oil & Gas (NASDAQ:XOG) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

Other research analysts also recently issued research reports about the stock. KeyCorp began coverage on shares of Extraction Oil & Gas in a research report on Tuesday, May 28th. They set a sector weight rating for the company. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a sell rating to a hold rating in a research report on Thursday, August 8th. ValuEngine upgraded shares of Extraction Oil & Gas from a sell rating to a hold rating in a report on Thursday, August 1st. Wells Fargo & Co assumed coverage on shares of Extraction Oil & Gas in a report on Monday, May 20th. They issued a market perform rating and a $8.00 price objective for the company. Finally, Royal Bank of Canada set a $8.00 price objective on shares of Extraction Oil & Gas and gave the company a buy rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Extraction Oil & Gas has an average rating of Hold and a consensus price target of $9.69.

XOG opened at $3.60 on Friday. Extraction Oil & Gas has a twelve month low of $3.04 and a twelve month high of $11.82. 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 has a 50-day moving average price of $3.79 and a 200 day moving average price of $4.09. The company has a market cap of $504.13 million, a PE ratio of -36.00 and a beta of 1.99.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Thursday, August 1st. The energy company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $0.03 EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, sell-side analysts expect that Extraction Oil & Gas will post -0.31 earnings per share for the current year.

In other Extraction Oil & Gas news, Chairman Mark Erickson sold 70,024 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $4.08, for a total value of $285,697.92. Following the completion of the sale, the chairman now owns 1,614,542 shares in the company, valued at approximately $6,587,331.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. CoreCommodity Management LLC grew its stake in shares of Extraction Oil & Gas by 1.7% in the 2nd quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock valued at $1,257,000 after buying an additional 4,779 shares during the period. Teza Capital Management LLC purchased a new stake in shares of Extraction Oil & Gas in the 2nd quarter valued at approximately $119,000. Aperio Group LLC grew its stake in shares of Extraction Oil & Gas by 184.4% in the 2nd quarter. Aperio Group LLC now owns 136,569 shares of the energy company’s stock valued at $591,000 after buying an additional 88,546 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Extraction Oil & Gas by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock valued at $25,292,000 after buying an additional 888,898 shares during the period. Finally, Caymus Capital Partners L.P. purchased a new stake in shares of Extraction Oil & Gas in the 2nd quarter valued at approximately $7,698,000.

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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