Brokerages Expect Extraction Oil & Gas Inc (XOG) Will Announce Earnings of -$0.20 Per Share

Wall Street analysts expect that Extraction Oil & Gas Inc (NYSE:XOG) will report ($0.20) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Extraction Oil & Gas’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.34). The company is scheduled to announce its next earnings results after the market closes on Tuesday, May 9th.

On average, analysts expect that Extraction Oil & Gas will report full year earnings of ($0.73) per share for the current fiscal year, with EPS estimates ranging from ($1.09) to ($0.47). For the next year, analysts forecast that the firm will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.27) to ($0.10). Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Extraction Oil & Gas.

A number of brokerages have recently issued reports on XOG. Barclays PLC reissued an “overweight” rating and set a $22.00 target price (down from $24.00) on shares of Extraction Oil & Gas in a research note on Saturday, April 22nd. Royal Bank of Canada set a $25.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, April 15th. KLR Group initiated coverage on Extraction Oil & Gas in a report on Thursday, March 23rd. They issued a “buy” rating and a $31.00 price objective for the company. SunTrust Banks, Inc. restated a “buy” rating on shares of Extraction Oil & Gas in a report on Thursday, March 16th. Finally, Citigroup Inc upgraded Extraction Oil & Gas from a “neutral” rating to a “buy” rating in a report on Thursday, March 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Extraction Oil & Gas has a consensus rating of “Buy” and a consensus price target of $25.56.

Several hedge funds have recently added to or reduced their stakes in XOG. YT Extraction Co Investment Partners LP purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at $407,629,000. Yorktown Energy Partners X L.P. purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at $351,787,000. FMR LLC purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at $224,250,000. Zimmer Partners LP purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at $101,983,000. Finally, Yorktown Energy Partners XI L.P. purchased a new stake in Extraction Oil & Gas during the fourth quarter valued at $86,354,000.

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Shares of Extraction Oil & Gas (NYSE:XOG) traded down 1.94% on Tuesday, reaching $15.65. 685,930 shares of the company traded hands. The stock’s 50 day moving average price is $17.30 and its 200-day moving average price is $19.24. Extraction Oil & Gas has a one year low of $14.76 and a one year high of $25.08.

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.

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