Brokerages Set Extraction Oil & Gas Inc (XOG) Price Target at $19.00

Extraction Oil & Gas Inc (NASDAQ:XOG) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.00.

XOG has been the subject of several research reports. BidaskClub cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Jefferies Financial Group set a $16.00 price objective on shares of Extraction Oil & Gas and gave the company a “hold” rating in a research report on Friday, July 13th. Macquarie lowered shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, August 7th. Williams Capital reaffirmed a “buy” rating and set a $22.00 price objective on shares of Extraction Oil & Gas in a research report on Wednesday, August 8th. Finally, Imperial Capital cut their price objective on shares of Extraction Oil & Gas from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th.

A number of institutional investors and hedge funds have recently modified their holdings of XOG. FMR LLC raised its position in Extraction Oil & Gas by 38.2% during the second quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock valued at $196,450,000 after acquiring an additional 3,697,918 shares in the last quarter. Victory Capital Management Inc. bought a new position in Extraction Oil & Gas during the second quarter valued at approximately $31,730,000. Dimensional Fund Advisors LP raised its position in shares of Extraction Oil & Gas by 100.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock valued at $50,878,000 after purchasing an additional 1,738,601 shares during the period. Canyon Capital Advisors LLC bought a new position in shares of Extraction Oil & Gas in the second quarter valued at approximately $17,541,000. Finally, Caymus Capital Partners L.P. raised its position in shares of Extraction Oil & Gas by 75.7% in the second quarter. Caymus Capital Partners L.P. now owns 1,811,194 shares of the energy company’s stock valued at $26,606,000 after purchasing an additional 780,600 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XOG stock traded down $0.48 during trading on Monday, hitting $10.33. 73,952 shares of the company were exchanged, compared to its average volume of 1,828,599. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.37 and a current ratio of 0.41. The stock has a market cap of $1.98 billion, a P/E ratio of 336.67 and a beta of 0.75. Extraction Oil & Gas has a twelve month low of $10.04 and a twelve month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings results on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The company had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. Sell-side analysts predict that Extraction Oil & Gas will post 0.52 EPS 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. 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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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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