Extraction Oil & Gas (XOG) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Extraction Oil & Gas, Inc. is an oil and gas company. It focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Extraction Oil & Gas, Inc. is based in Denver, United States. “

Several other analysts have also issued reports on the company. BidaskClub lowered Extraction Oil & Gas from a sell rating to a strong sell rating in a report on Friday, August 10th. ValuEngine raised Extraction Oil & Gas from a sell rating to a hold rating in a report on Thursday, August 23rd. Jefferies Financial Group set a $16.00 price target on Extraction Oil & Gas and gave the company a hold rating in a report on Friday, July 13th. BMO Capital Markets reissued a buy rating and set a $17.00 price target on shares of Extraction Oil & Gas in a report on Monday, August 13th. Finally, Macquarie lowered Extraction Oil & Gas from an outperform rating to a neutral rating and set a $17.00 price target for the company. in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $17.27.



Extraction Oil & Gas stock opened at $7.81 on Tuesday. The firm has a market cap of $1.34 billion, a P/E ratio of 260.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.41 and a quick ratio of 0.37. Extraction Oil & Gas has a one year low of $7.20 and a one year high of $17.42.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Extraction Oil & Gas by 10.7% in the first quarter. Sei Investments Co. now owns 38,245 shares of the energy company’s stock worth $438,000 after acquiring an additional 3,685 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Extraction Oil & Gas by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock worth $194,000 after acquiring an additional 3,780 shares during the period. LPL Financial LLC boosted its stake in shares of Extraction Oil & Gas by 22.6% in the first 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 during the period. Guggenheim Capital LLC boosted its stake in shares of Extraction Oil & Gas by 37.1% in the first quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock worth $263,000 after acquiring an additional 6,218 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Extraction Oil & Gas in the second quarter worth about $158,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

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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