Extraction Oil & Gas (XOG) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from a sell rating to a strong sell rating in a research note published on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Williams Capital reissued a buy rating and set a $20.00 price target on shares of Extraction Oil & Gas in a research report on Tuesday, August 21st. KLR Group reissued a buy rating and set a $25.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 20th. BMO Capital Markets reissued a buy rating and set a $17.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 13th. Zacks Investment Research raised shares of Extraction Oil & Gas from a hold rating to a buy rating and set a $12.00 price target for the company in a research report on Saturday, October 13th. Finally, Credit Suisse Group set a $13.00 price objective on shares of Extraction Oil & Gas and gave the stock a buy rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Extraction Oil & Gas has a consensus rating of Buy and an average target price of $17.27.

Shares of Extraction Oil & Gas stock opened at $7.61 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a 52-week low of $7.52 and a 52-week high of $17.42.



Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings results on Tuesday, August 7th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The firm had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $234.15 million. Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. As a group, sell-side analysts predict that Extraction Oil & Gas will post 0.29 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of XOG. Northern Trust Corp raised its holdings in Extraction Oil & Gas by 3.2% in the 1st quarter. Northern Trust Corp now owns 594,022 shares of the energy company’s stock worth $6,807,000 after purchasing an additional 18,292 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Extraction Oil & Gas by 930.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,724,838 shares of the energy company’s stock worth $19,767,000 after purchasing an additional 1,557,504 shares in the last quarter. Sei Investments Co. raised its holdings in Extraction Oil & Gas by 10.7% in the 1st quarter. Sei Investments Co. now owns 38,245 shares of the energy company’s stock worth $438,000 after purchasing an additional 3,685 shares in the last quarter. Principal Financial Group Inc. bought a new position in Extraction Oil & Gas in the 1st quarter worth $181,000. Finally, LPL Financial LLC increased its stake in shares of Extraction Oil & Gas by 22.6% in the 1st quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock worth $296,000 after acquiring an additional 4,771 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

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. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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