Extraction Oil & Gas Inc (NASDAQ:XOG) – Research analysts at Jefferies Group boosted their Q4 2017 earnings per share estimates for shares of Extraction Oil & Gas in a report released on Thursday, according to Zacks Investment Research. Jefferies Group analyst M. Lear now anticipates that the energy company will post earnings of $0.01 per share for the quarter, up from their previous forecast of ($0.04). Jefferies Group currently has a “Hold” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.07 EPS, FY2018 earnings at $0.41 EPS and FY2019 earnings at $1.06 EPS.
Other equities analysts have also issued research reports about the company. KeyCorp restated a “buy” rating and issued a $17.00 price target on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. Royal Bank Of Canada set a $16.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Friday, September 29th. Barclays set a $20.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Williams Capital reiterated a “buy” rating and issued a $21.00 price objective on shares of Extraction Oil & Gas in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.83.
Shares of Extraction Oil & Gas (XOG) traded up $0.29 during trading on Monday, hitting $14.77. The company had a trading volume of 847,002 shares, compared to its average volume of 1,300,452. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57. Extraction Oil & Gas has a 1 year low of $11.31 and a 1 year high of $21.45.
Several institutional investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd purchased a new position in Extraction Oil & Gas in the second quarter valued at $144,000. Vanguard Group Inc. increased its holdings in Extraction Oil & Gas by 87.8% in the second quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after buying an additional 3,641,505 shares during the last quarter. Morgan Stanley increased its holdings in Extraction Oil & Gas by 182.6% in the first quarter. Morgan Stanley now owns 62,211 shares of the energy company’s stock valued at $1,154,000 after buying an additional 40,196 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Extraction Oil & Gas by 1,697.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,559 shares of the energy company’s stock valued at $330,000 after buying an additional 23,193 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Extraction Oil & Gas by 52.9% in the second quarter. American Century Companies Inc. now owns 834,954 shares of the energy company’s stock valued at $11,230,000 after buying an additional 288,811 shares during the last quarter. 89.20% of the stock is currently owned by institutional investors and hedge funds.
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Extraction Oil & Gas Company Profile
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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