Extraction Oil & Gas (XOG) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from a strong sell rating to a sell rating in a research report released on Thursday.

Other analysts have also issued reports about the stock. Williams Capital reiterated a buy rating and set a $22.00 price target on shares of Extraction Oil & Gas in a research note on Thursday, January 18th. BMO Capital Markets set a $19.00 price target on shares of Extraction Oil & Gas and gave the stock a buy rating in a research note on Wednesday, April 11th. TheStreet lowered shares of Extraction Oil & Gas from a c- rating to a d+ rating in a research note on Friday, April 6th. Jefferies Group reiterated a hold rating and set a $13.00 price target on shares of Extraction Oil & Gas in a research note on Monday, March 19th. Finally, Macquarie started coverage on shares of Extraction Oil & Gas in a research note on Thursday, January 25th. They set an outperform rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $18.50.

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Shares of XOG opened at $12.80 on Thursday. The stock has a market capitalization of $2,164.61, a P/E ratio of 426.67 and a beta of 1.16. Extraction Oil & Gas has a 12-month low of $10.28 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.38 and a current ratio of 0.41.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $214.03 million for the quarter, compared to analyst estimates of $198.51 million. Extraction Oil & Gas had a negative net margin of 7.35% and a positive return on equity of 1.34%. analysts expect that Extraction Oil & Gas will post 0.41 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in XOG. Bank of New York Mellon Corp increased its stake in shares of Extraction Oil & Gas by 30.5% during the third quarter. Bank of New York Mellon Corp now owns 513,357 shares of the energy company’s stock worth $7,900,000 after buying an additional 119,921 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Extraction Oil & Gas by 40.9% during the third quarter. Ameriprise Financial Inc. now owns 760,408 shares of the energy company’s stock worth $11,703,000 after buying an additional 220,883 shares during the period. Legal & General Group Plc increased its stake in shares of Extraction Oil & Gas by 143.0% during the third quarter. Legal & General Group Plc now owns 28,037 shares of the energy company’s stock worth $432,000 after buying an additional 16,500 shares during the period. Wells Fargo & Company MN increased its stake in shares of Extraction Oil & Gas by 26.0% during the third quarter. Wells Fargo & Company MN now owns 71,010 shares of the energy company’s stock worth $1,092,000 after buying an additional 14,636 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Extraction Oil & Gas by 138.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 363,798 shares of the energy company’s stock worth $5,599,000 after buying an additional 211,423 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.

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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. 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.

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

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