Extraction Oil & Gas (XOG) Shares Up 10.5%

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Extraction Oil & Gas Inc (NASDAQ:XOG)’s share price shot up 10.5% during trading on Monday . The stock traded as high as $5.60 and last traded at $5.59. 5,871,560 shares were traded during trading, an increase of 27% from the average session volume of 4,631,667 shares. The stock had previously closed at $5.06.

Several brokerages have recently commented on XOG. Cowen began coverage on Extraction Oil & Gas in a research note on Tuesday, April 9th. They set a “market perform” rating and a $6.00 price target on the stock. BidaskClub raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded Extraction Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 12th. Imperial Capital set a $12.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, Williams Capital set a $8.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.25.

The stock has a market cap of $856.76 million, a price-to-earnings ratio of -55.90 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.75.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Thursday, February 21st. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.40). The business had revenue of $288.17 million during the quarter, compared to analyst estimates of $271.82 million. Extraction Oil & Gas had a negative return on equity of 2.08% and a net margin of 11.11%. On average, equities analysts predict that Extraction Oil & Gas Inc will post 0.11 earnings per share for the current fiscal year.

In other Extraction Oil & Gas news, Director Donald L. Evans purchased 40,000 shares of the stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $4.25 per share, with a total value of $170,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of XOG. Nuveen Asset Management LLC acquired a new stake in Extraction Oil & Gas in the fourth quarter worth about $21,297,000. Dimensional Fund Advisors LP boosted its holdings in Extraction Oil & Gas by 44.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,006,470 shares of the energy company’s stock worth $56,522,000 after acquiring an additional 1,543,031 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Extraction Oil & Gas by 791.3% in the third quarter. Clearbridge Investments LLC now owns 1,692,730 shares of the energy company’s stock worth $19,111,000 after acquiring an additional 1,502,812 shares in the last quarter. Citigroup Inc. boosted its holdings in Extraction Oil & Gas by 8,794.3% in the fourth quarter. Citigroup Inc. now owns 648,750 shares of the energy company’s stock worth $2,783,000 after acquiring an additional 641,456 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Extraction Oil & Gas in the fourth quarter worth about $2,540,000.

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Extraction Oil & Gas Company Profile (NASDAQ:XOG)

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.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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