$0.19 Earnings Per Share Expected for Extraction Oil & Gas Inc (XOG) This Quarter

Analysts predict that Extraction Oil & Gas Inc (NASDAQ:XOG) will report earnings of $0.22 per share for the current quarter, according to Zacks. Four analysts have made estimates for Extraction Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.29. Extraction Oil & Gas reported earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 266.7%. The company is scheduled to issue its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full year earnings of $0.20 per share for the current year. For the next fiscal year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $0.72 to $1.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share 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 period in the prior year, the company earned ($0.20) EPS. Extraction Oil & Gas’s quarterly revenue was up 56.0% on a year-over-year basis.

XOG has been the subject of a number of analyst reports. Macquarie lowered shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Tuesday, August 7th. KLR Group reissued a “buy” rating and set a $25.00 target price on shares of Extraction Oil & Gas in a research note on Monday, August 20th. BidaskClub lowered shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. BMO Capital Markets lowered shares of Extraction Oil & Gas from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $17.00 to $12.00 in a research note on Thursday. Finally, Williams Capital set a $15.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Extraction Oil & Gas presently has a consensus rating of “Hold” and an average target price of $16.40.

Extraction Oil & Gas stock opened at $8.42 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 280.67 and a beta of 1.80. Extraction Oil & Gas has a 52-week low of $7.20 and a 52-week high of $17.42.

Large investors have recently modified their holdings of the company. Jennison Associates LLC acquired a new stake in shares of Extraction Oil & Gas during the 3rd quarter worth about $18,769,000. American Century Companies Inc. increased its position in shares of Extraction Oil & Gas by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 883,924 shares of the energy company’s stock worth $9,980,000 after purchasing an additional 29,843 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Extraction Oil & Gas during the 3rd quarter worth about $202,000. Victory Capital Management Inc. increased its position in shares of Extraction Oil & Gas by 60.7% during the 3rd quarter. Victory Capital Management Inc. now owns 3,472,113 shares of the energy company’s stock worth $39,201,000 after purchasing an additional 1,312,062 shares in the last quarter. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Extraction Oil & Gas during the 3rd quarter worth about $571,000. 91.90% of the stock is owned by institutional investors.

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

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