Extraction Oil & Gas (NASDAQ:XOG) Lifted to “Buy” at BidaskClub

Extraction Oil & Gas (NASDAQ:XOG) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday, December 27th.

XOG has been the topic of a number of other research reports. Zacks Investment Research cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Barclays set a $20.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group began coverage on shares of Extraction Oil & Gas in a research note on Monday, October 9th. They issued a “hold” rating and a $14.00 price target on the stock. Imperial Capital began coverage on shares of Extraction Oil & Gas in a research note on Wednesday, November 15th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Extraction Oil & Gas in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.50.

Shares of Extraction Oil & Gas (NASDAQ XOG) opened at $14.16 on Wednesday. The company has a market cap of $2,430.00 and a P/E ratio of -8.18. Extraction Oil & Gas has a one year low of $11.31 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97.

In related news, insider Matthew R. Owens sold 400,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total value of $5,924,000.00. Following the sale, the insider now directly owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOG. Vanguard Group Inc. grew its position in Extraction Oil & Gas by 87.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after acquiring an additional 3,641,505 shares in the last quarter. Citadel Advisors LLC grew its position in Extraction Oil & Gas by 16,446.9% in the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock valued at $47,267,000 after acquiring an additional 3,052,713 shares in the last quarter. Point72 Asset Management L.P. grew its position in Extraction Oil & Gas by 261.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock valued at $46,562,000 after acquiring an additional 2,188,488 shares in the last quarter. BlackRock Inc. grew its position in Extraction Oil & Gas by 16.4% in the 2nd quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock valued at $153,792,000 after acquiring an additional 1,612,047 shares in the last quarter. Finally, Capital World Investors grew its position in Extraction Oil & Gas by 25.3% in the 2nd quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock valued at $70,155,000 after acquiring an additional 1,052,900 shares in the last quarter. 89.17% of the stock is owned by institutional investors.

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About Extraction Oil & Gas

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.

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

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