Extraction Oil & Gas Inc (NASDAQ:XOG) – Stock analysts at Jefferies Group lowered their Q1 2018 earnings estimates for shares of Extraction Oil & Gas in a report issued on Monday. Jefferies Group analyst M. Lear now anticipates that the energy company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.09. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.36 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.75 EPS.
A number of other research firms also recently weighed in on XOG. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. Macquarie began coverage on shares of Extraction Oil & Gas in a research note on Thursday, January 25th. They issued an “outperform” rating and a $19.00 price target on the stock. Credit Suisse Group began coverage on shares of Extraction Oil & Gas in a research note on Monday, December 11th. They issued an “outperform” rating and a $19.00 price target on the stock. Williams Capital set a $21.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, BidaskClub upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.54.
A number of hedge funds and other institutional investors have recently modified their holdings of XOG. Citadel Advisors LLC raised its holdings 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 buying an additional 3,052,713 shares during the last quarter. Point72 Asset Management L.P. raised its holdings 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 buying an additional 2,188,488 shares during the last quarter. Boston Partners raised its holdings in Extraction Oil & Gas by 351.0% in the 4th quarter. Boston Partners now owns 2,327,963 shares of the energy company’s stock valued at $33,313,000 after buying an additional 1,811,782 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in Extraction Oil & Gas in the 4th quarter valued at approximately $17,218,000. Finally, Emerald Advisers Inc. PA bought a new position in Extraction Oil & Gas during the 4th quarter worth approximately $15,360,000. Institutional investors and hedge funds own 87.85% of the company’s stock.
In related news, insider Matthew R. Owens sold 400,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.70% of the stock is owned by company insiders.
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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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