Nuveen Asset Management LLC Has $25.86 Million Holdings in Extraction Oil & Gas Inc (NASDAQ:XOG)

Nuveen Asset Management LLC boosted its holdings in Extraction Oil & Gas Inc (NASDAQ:XOG) by 25.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,972,234 shares of the energy company’s stock after buying an additional 1,194,395 shares during the quarter. Nuveen Asset Management LLC’s holdings in Extraction Oil & Gas were worth $25,860,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signition LP acquired a new stake in Extraction Oil & Gas in the second quarter valued at about $61,000. JPMorgan Chase & Co. raised its position in Extraction Oil & Gas by 292.1% in the second quarter. JPMorgan Chase & Co. now owns 27,492 shares of the energy company’s stock valued at $118,000 after purchasing an additional 20,480 shares during the last quarter. Teza Capital Management LLC bought a new position in Extraction Oil & Gas in the second quarter valued at about $119,000. Russell Investments Group Ltd. bought a new position in Extraction Oil & Gas in the second quarter valued at about $177,000. Finally, Prudential Financial Inc. bought a new position in Extraction Oil & Gas in the second quarter valued at about $181,000.

Shares of XOG opened at $2.68 on Friday. Extraction Oil & Gas Inc has a 1 year low of $2.66 and a 1 year high of $11.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.35 and a quick ratio of 0.32. The company has a market capitalization of $369.15 million, a price-to-earnings ratio of -26.80 and a beta of 1.96. The business has a 50-day moving average of $3.57 and a 200-day moving average of $4.01.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). Extraction Oil & Gas had a negative return on equity of 3.82% and a net margin of 10.89%. The company had revenue of $222.10 million for the quarter, compared to the consensus estimate of $217.03 million. During the same quarter last year, the business earned $0.03 earnings per share. Extraction Oil & Gas’s revenue was down 14.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Extraction Oil & Gas Inc will post -0.31 EPS for the current year.

XOG has been the subject of several research reports. BidaskClub downgraded Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Friday, September 27th. Zacks Investment Research upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. ValuEngine upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada set a $8.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Citigroup dropped their target price on Extraction Oil & Gas from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.65.

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. 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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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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