XOG has been the subject of a number of other research reports. Wells Fargo & Co cut Extraction Oil & Gas from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $6.00 to $4.00 in a research note on Thursday, January 9th. Imperial Capital cut Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $7.00 to $2.00 in a research note on Thursday, October 17th. Zacks Investment Research reissued a “sell” rating on shares of Extraction Oil & Gas in a research note on Saturday. Williams Capital restated a “buy” rating and set a $5.50 price target on shares of Extraction Oil & Gas in a report on Friday, November 8th. Finally, ValuEngine raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.50.
Shares of NASDAQ XOG opened at $1.95 on Tuesday. The company has a 50 day simple moving average of $1.93 and a two-hundred day simple moving average of $2.90. Extraction Oil & Gas has a fifty-two week low of $1.33 and a fifty-two week high of $5.67. The company has a market capitalization of $270.39 million, a price-to-earnings ratio of -19.50 and a beta of 1.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.53 and a current ratio of 0.59.
Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The firm had revenue of $196.97 million for the quarter, compared to analysts’ expectations of $225.88 million. Extraction Oil & Gas had a negative return on equity of 5.61% and a net margin of 10.06%. On average, analysts forecast that Extraction Oil & Gas will post -0.23 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in XOG. First Trust Advisors LP boosted its stake in Extraction Oil & Gas by 73.1% during the 1st quarter. First Trust Advisors LP now owns 808,686 shares of the energy company’s stock valued at $3,421,000 after purchasing an additional 341,607 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Extraction Oil & Gas by 37.5% in the 2nd quarter. Wells Fargo & Company MN now owns 241,000 shares of the energy company’s stock worth $1,043,000 after purchasing an additional 65,690 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Extraction Oil & Gas by 292.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,492 shares of the energy company’s stock worth $118,000 after purchasing an additional 20,480 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Extraction Oil & Gas in the second quarter worth $181,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Extraction Oil & Gas in the second quarter worth $177,000.
Extraction Oil & Gas Company Profile
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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