Extraction Oil & Gas Inc (NASDAQ:XOG) Given Average Recommendation of “Hold” by Brokerages

Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.39.

A number of analysts have weighed in on XOG shares. Stephens cut shares of Extraction Oil & Gas from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $6.00 to $4.00 in a report on Wednesday, October 16th. Citigroup cut their price objective on shares of Extraction Oil & Gas from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Monday, September 23rd. Barclays started coverage on shares of Extraction Oil & Gas in a report on Friday, August 30th. They set an “underweight” rating and a $4.00 price objective on the stock. ValuEngine raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Friday, September 27th.

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCommodity Management LLC grew its position in Extraction Oil & Gas by 1.7% in the 2nd quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock valued at $1,257,000 after buying an additional 4,779 shares during the last quarter. Wells Fargo & Company MN grew its position in Extraction Oil & Gas by 37.5% in the 2nd quarter. Wells Fargo & Company MN now owns 241,000 shares of the energy company’s stock valued at $1,043,000 after buying an additional 65,690 shares during the last quarter. Balyasny Asset Management LLC grew its position in Extraction Oil & Gas by 388.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,136,707 shares of the energy company’s stock valued at $4,922,000 after buying an additional 903,812 shares during the last quarter. Teza Capital Management LLC purchased a new position in Extraction Oil & Gas in the 2nd quarter valued at $119,000. Finally, Charles Schwab Investment Management Inc. grew its position in Extraction Oil & Gas by 35.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 614,349 shares of the energy company’s stock valued at $2,661,000 after buying an additional 161,623 shares during the last quarter.

XOG stock opened at $2.09 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.90. Extraction Oil & Gas has a twelve month low of $1.92 and a twelve month high of $10.31. The company’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.83. The stock has a market cap of $275.48 million, a P/E ratio of -20.90 and a beta of 1.96.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $217.03 million. During the same period in the previous year, the business posted $0.03 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that Extraction Oil & Gas will post -0.37 earnings per share for the current year.

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

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