Extraction Oil & Gas Inc (NASDAQ:XOG) Expected to Post Quarterly Sales of $267.63 Million

Equities analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to announce sales of $267.63 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Extraction Oil & Gas’ earnings, with estimates ranging from $255.39 million to $279.00 million. Extraction Oil & Gas posted sales of $288.17 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The business is expected to announce its next earnings results after the market closes on Thursday, March 5th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full year sales of $904.87 million for the current fiscal year, with estimates ranging from $876.31 million to $944.40 million. For the next fiscal year, analysts forecast that the firm will post sales of $983.22 million, with estimates ranging from $957.93 million to $997.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Extraction Oil & Gas.

XOG has been the topic of several recent research reports. BidaskClub lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Citigroup lowered shares of Extraction Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.50 to $2.50 in a research note on Monday, November 11th. Wells Fargo & Co lowered shares of Extraction Oil & Gas from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $6.00 to $4.00 in a research note on Thursday, January 9th. SunTrust Banks reiterated a “buy” rating and issued a $5.00 price target on shares of Extraction Oil & Gas in a research note on Tuesday, January 21st. Finally, Williams Capital reiterated a “buy” rating and issued a $5.50 price target on shares of Extraction Oil & Gas in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.07.

XOG stock traded down $0.07 during midday trading on Friday, hitting $0.95. The company’s stock had a trading volume of 1,379,853 shares, compared to its average volume of 2,023,808. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.59 and a quick ratio of 0.53. Extraction Oil & Gas has a twelve month low of $0.92 and a twelve month high of $5.67. The company’s fifty day moving average price is $1.75 and its 200 day moving average price is $2.48. The stock has a market capitalization of $156.68 million, a P/E ratio of 2.32 and a beta of 2.07.

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in shares of Extraction Oil & Gas by 47.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,412,907 shares of the energy company’s stock valued at $2,995,000 after purchasing an additional 453,407 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Extraction Oil & Gas by 90.0% in the fourth quarter. Bank of America Corp DE now owns 647,819 shares of the energy company’s stock valued at $1,374,000 after purchasing an additional 306,935 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Extraction Oil & Gas by 3.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,255,141 shares of the energy company’s stock valued at $23,861,000 after purchasing an additional 391,797 shares during the last quarter. UBS Group AG raised its holdings in shares of Extraction Oil & Gas by 130,134.1% in the fourth quarter. UBS Group AG now owns 6,605,474 shares of the energy company’s stock valued at $14,003,000 after purchasing an additional 6,600,402 shares during the last quarter. Finally, Lexington Partners L.P. purchased a new stake in shares of Extraction Oil & Gas in the fourth quarter valued at about $4,734,000.

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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