SunTrust Banks Equities Analysts Increase Earnings Estimates for Extraction Oil & Gas Inc (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities research analysts at SunTrust Banks lifted their Q4 2018 earnings per share (EPS) estimates for Extraction Oil & Gas in a research note issued on Tuesday, November 6th. SunTrust Banks analyst W. Fitzpatrick now anticipates that the energy company will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.08. SunTrust Banks also issued estimates for Extraction Oil & Gas’ Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.72 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.20 EPS and FY2020 earnings at $0.82 EPS.

A number of other brokerages have also recently commented on XOG. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Friday, July 27th. Jefferies Financial Group set a $16.00 price objective on Extraction Oil & Gas and gave the company a “hold” rating in a research note on Friday, July 13th. Macquarie lowered Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Tuesday, August 7th. Williams Capital reissued a “buy” rating and set a $22.00 price objective on shares of Extraction Oil & Gas in a research note on Wednesday, August 8th. Finally, Imperial Capital dropped their price objective on Extraction Oil & Gas from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six 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 $16.40.

Shares of NASDAQ XOG opened at $8.65 on Friday. Extraction Oil & Gas has a one year low of $7.20 and a one year high of $17.42. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 288.17 and a beta of 1.80.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.14%. The business had revenue of $282.20 million for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. The firm’s revenue was up 56.0% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC purchased a new stake in Extraction Oil & Gas in the third quarter worth $18,769,000. American Century Companies Inc. lifted its stake in Extraction Oil & Gas by 3.5% in the third quarter. American Century Companies Inc. now owns 883,924 shares of the energy company’s stock worth $9,980,000 after acquiring an additional 29,843 shares during the period. Engineers Gate Manager LP purchased a new stake in Extraction Oil & Gas in the third quarter worth $202,000. Victory Capital Management Inc. lifted its stake in Extraction Oil & Gas by 60.7% in the third quarter. Victory Capital Management Inc. now owns 3,472,113 shares of the energy company’s stock worth $39,201,000 after acquiring an additional 1,312,062 shares during the period. Finally, Perella Weinberg Partners Capital Management LP purchased a new stake in Extraction Oil & Gas in the third quarter worth $571,000. 91.90% of the stock is owned by institutional investors.

Extraction Oil & Gas Company Profile

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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Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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