Insider Buying: Extraction Oil & Gas Inc (XOG) Director Buys $170,000.00 in Stock

Extraction Oil & Gas Inc (NASDAQ:XOG) Director Donald L. Evans purchased 40,000 shares of Extraction Oil & Gas stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $4.25 per share, with a total value of $170,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

XOG stock opened at $3.86 on Thursday. Extraction Oil & Gas Inc has a 1 year low of $3.14 and a 1 year high of $17.42. The stock has a market capitalization of $680.09 million, a P/E ratio of -38.60 and a beta of 1.44. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79.

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of Extraction Oil & Gas by 8.8% during the fourth quarter. American Century Companies Inc. now owns 961,470 shares of the energy company’s stock valued at $4,125,000 after purchasing an additional 77,546 shares in the last quarter. Norges Bank bought a new position in shares of Extraction Oil & Gas during the fourth quarter valued at approximately $2,143,000. Dimensional Fund Advisors LP increased its stake in shares of Extraction Oil & Gas by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock valued at $25,292,000 after purchasing an additional 888,898 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Extraction Oil & Gas by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 404,905 shares of the energy company’s stock valued at $1,737,000 after purchasing an additional 3,679 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Extraction Oil & Gas by 115.4% during the fourth quarter. Millennium Management LLC now owns 382,135 shares of the energy company’s stock valued at $1,639,000 after purchasing an additional 204,760 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

A number of research analysts have recently commented on XOG shares. Williams Capital set a $9.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, December 12th. Imperial Capital set a $12.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 20th. Tudor Pickering downgraded shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Finally, ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.45.

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About Extraction Oil & Gas

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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