Extraction Oil & Gas (NASDAQ:XOG)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $5.00 price target on the energy company’s stock. SunTrust Banks’ price target indicates a potential upside of 171.74% from the company’s previous close.
Several other research firms have also recently commented on XOG. Wells Fargo & Co cut Extraction Oil & Gas from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $6.00 to $4.00 in a research note on Thursday, January 9th. Williams Capital reiterated a “buy” rating and set a $5.50 target price on shares of Extraction Oil & Gas in a research report on Friday, November 8th. Citigroup downgraded Extraction Oil & Gas from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.50 to $2.50 in a report on Monday, November 11th. Zacks Investment Research reiterated a “sell” rating on shares of Extraction Oil & Gas in a report on Saturday, January 11th. Finally, ValuEngine upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Extraction Oil & Gas presently has a consensus rating of “Hold” and an average price target of $4.56.
XOG traded down $0.04 on Tuesday, hitting $1.84. 930,200 shares of the company’s stock were exchanged, compared to its average volume of 2,110,604. 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 current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $1.98 and a 200-day moving average price of $2.81. The stock has a market cap of $255.13 million, a price-to-earnings ratio of 4.20 and a beta of 1.99.
Extraction Oil & Gas (NASDAQ:XOG) last released its earnings results on Thursday, November 7th. The energy company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.03. Extraction Oil & Gas had a negative return on equity of 5.61% and a net margin of 10.06%. The company had revenue of $196.97 million during the quarter, compared to the consensus estimate of $225.88 million. On average, equities analysts predict that Extraction Oil & Gas will post -0.23 EPS for the current year.
A number of institutional investors have recently bought and sold shares of XOG. Virtu Financial LLC acquired a new stake in Extraction Oil & Gas during the third quarter worth approximately $45,000. SG Americas Securities LLC acquired a new stake in Extraction Oil & Gas during the third quarter worth approximately $52,000. CIBC Private Wealth Group LLC acquired a new stake in Extraction Oil & Gas during the third quarter worth approximately $88,000. Royal Bank of Canada lifted its position in Extraction Oil & Gas by 578.1% during the second quarter. Royal Bank of Canada now owns 21,361 shares of the energy company’s stock worth $92,000 after acquiring an additional 18,211 shares during the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new stake in Extraction Oil & Gas during the fourth quarter worth approximately $98,000.
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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