Q4 2018 EPS Estimates for Extraction Oil & Gas Inc (XOG) Decreased by Jefferies Financial Group

Extraction Oil & Gas Inc (NASDAQ:XOG) – Investment analysts at Jefferies Financial Group cut their Q4 2018 earnings per share (EPS) estimates for Extraction Oil & Gas in a research note issued on Monday, October 15th. Jefferies Financial Group analyst M. Lear now expects that the energy company will earn $0.24 per share for the quarter, down from their previous forecast of $0.29. Jefferies Financial Group currently has a “Hold” rating and a $16.00 target price on the stock. Jefferies Financial Group also issued estimates for Extraction Oil & Gas’ Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.27 EPS.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reissued a “buy” rating and set a $17.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 13th. Williams Capital reissued a “buy” rating and set a $22.00 price target on shares of Extraction Oil & Gas in a research report on Wednesday, August 8th. KLR Group reissued a “buy” rating and set a $25.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 20th. Zacks Investment Research raised Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Saturday, October 13th. Finally, TheStreet lowered Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.00.

XOG stock opened at $10.81 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.98 billion, a P/E ratio of 367.00 and a beta of 0.75. Extraction Oil & Gas has a 12-month low of $10.04 and a 12-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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The firm had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in shares of Extraction Oil & Gas by 38.2% in the second quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after purchasing an additional 3,697,918 shares in the last quarter. BlackRock Inc. grew its stake in shares of Extraction Oil & Gas by 0.3% in the first quarter. BlackRock Inc. now owns 13,042,511 shares of the energy company’s stock worth $149,467,000 after purchasing an additional 33,221 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $50,878,000 after purchasing an additional 1,738,601 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Extraction Oil & Gas in the second quarter worth $31,730,000. Finally, Caymus Capital Partners L.P. grew its stake 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 worth $26,606,000 after purchasing an additional 780,600 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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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Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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