Extraction Oil & Gas Inc (NASDAQ:XOG) shares traded down 6.7% during trading on Tuesday . The stock traded as low as $4.51 and last traded at $4.62. 3,571,914 shares were traded during mid-day trading, a decline of 3% from the average session volume of 3,692,765 shares. The stock had previously closed at $4.95.
A number of analysts have recently issued reports on XOG shares. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Saturday, October 13th. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Williams Capital reiterated a “buy” rating and set a $15.00 price objective on shares of Extraction Oil & Gas in a research note on Friday, October 19th. Macquarie set a $12.00 price objective on shares of Extraction Oil & Gas and gave the company a “hold” rating in a research note on Friday, October 19th. Finally, Credit Suisse Group set a $13.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Friday, October 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.64.
The company has a market cap of $872.13 million, a PE ratio of 154.00 and a beta of 1.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85.
Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $282.20 million during the quarter, compared to the consensus estimate of $256.67 million. Extraction Oil & Gas had a positive return on equity of 2.07% and a negative net margin of 0.87%. The firm’s quarterly revenue was up 56.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) EPS. On average, analysts expect that Extraction Oil & Gas Inc will post 0.2 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of XOG. Nisa Investment Advisors LLC increased its stake in shares of Extraction Oil & Gas by 483.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,500 shares of the energy company’s stock worth $75,000 after buying an additional 14,500 shares during the last quarter. Vista Private Wealth Partners. LLC bought a new stake in shares of Extraction Oil & Gas in the third quarter worth $105,000. Hsbc Holdings PLC bought a new stake in shares of Extraction Oil & Gas in the third quarter worth $119,000. Engineers Gate Manager LP bought a new stake in shares of Extraction Oil & Gas in the third quarter worth $202,000. Finally, Penn Capital Management Co. Inc. bought a new stake in shares of Extraction Oil & Gas in the third quarter worth $203,000. Institutional investors and hedge funds own 94.32% of the company’s stock.
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About Extraction Oil & Gas (NASDAQ:XOG)
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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