Two Sigma Investments LP bought a new position in shares of Extraction Oil & Gas (NASDAQ:XOG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,098 shares of the energy company’s stock, valued at approximately $359,000.
Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Extraction Oil & Gas during the fourth quarter valued at approximately $100,000. Simplex Trading LLC raised its position in Extraction Oil & Gas by 322.5% during the fourth quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock valued at $102,000 after acquiring an additional 5,443 shares in the last quarter. Ellington Management Group LLC purchased a new position in Extraction Oil & Gas during the fourth quarter valued at approximately $157,000. Jane Street Group LLC purchased a new position in Extraction Oil & Gas during the third quarter valued at approximately $210,000. Finally, Legal & General Group Plc raised its position in Extraction Oil & Gas by 143.0% during the third quarter. Legal & General Group Plc now owns 28,037 shares of the energy company’s stock valued at $432,000 after acquiring an additional 16,500 shares in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.
Extraction Oil & Gas stock opened at $13.00 on Tuesday. The company has a market capitalization of $2,247.12, a PE ratio of 433.33 and a beta of 1.15. Extraction Oil & Gas has a 12 month low of $10.28 and a 12 month high of $18.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38.
Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $214.03 million during the quarter, compared to analysts’ expectations of $198.51 million. Extraction Oil & Gas had a positive return on equity of 1.34% and a negative net margin of 7.35%. equities analysts predict that Extraction Oil & Gas will post 0.41 EPS for the current fiscal year.
Several research analysts recently weighed in on XOG shares. BidaskClub upgraded Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 12th. Jefferies Group reiterated a “hold” rating and set a $13.00 price target on shares of Extraction Oil & Gas in a research report on Monday, March 19th. Macquarie started coverage on Extraction Oil & Gas in a research report on Thursday, January 25th. They set an “outperform” rating and a $19.00 price target for the company. TheStreet cut Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Friday, April 6th. Finally, ValuEngine cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Extraction Oil & Gas has a consensus rating of “Hold” and a consensus target price of $18.50.
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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