Extraction Oil & Gas (XOG) Given a $15.00 Price Target at Williams Capital

Williams Capital set a $15.00 price target on Extraction Oil & Gas (NASDAQ:XOG) in a report released on Wednesday morning. The brokerage currently has a buy rating on the energy company’s stock.

Several other research analysts also recently weighed in on XOG. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a buy rating to a hold rating in a research report on Wednesday, October 24th. BidaskClub raised shares of Extraction Oil & Gas from a strong sell rating to a sell rating in a research report on Friday, July 27th. Imperial Capital dropped their target price on shares of Extraction Oil & Gas from $26.00 to $24.00 and set an outperform rating on the stock in a research report on Thursday, August 9th. Macquarie set a $12.00 target price on shares of Extraction Oil & Gas and gave the stock a hold rating in a research report on Friday, October 19th. Finally, Jefferies Financial Group set a $16.00 target price on shares of Extraction Oil & Gas and gave the stock a hold rating in a research report on Thursday, July 19th. 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 stock. The stock presently has a consensus rating of Hold and a consensus target price of $16.40.

Shares of XOG traded down $0.22 during mid-day trading on Wednesday, hitting $8.43. The company’s stock had a trading volume of 2,911,130 shares, compared to its average volume of 5,452,701. The stock has a market capitalization of $1.66 billion, a P/E ratio of 280.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.85 and a quick ratio of 0.37. Extraction Oil & Gas has a fifty-two week low of $7.20 and a fifty-two week high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The business had revenue of $282.20 million during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 56.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) EPS. As a group, equities research analysts forecast that Extraction Oil & Gas will post 0.2 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in XOG. Northern Trust Corp grew its position in Extraction Oil & Gas by 3.2% during the first quarter. Northern Trust Corp now owns 594,022 shares of the energy company’s stock valued at $6,807,000 after purchasing an additional 18,292 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Extraction Oil & Gas by 930.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,724,838 shares of the energy company’s stock valued at $19,767,000 after purchasing an additional 1,557,504 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Extraction Oil & Gas during the first quarter valued at approximately $181,000. LPL Financial LLC grew its position in Extraction Oil & Gas by 22.6% during the first quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock valued at $296,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Extraction Oil & Gas by 37.1% during the first quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock valued at $263,000 after purchasing an additional 6,218 shares in the last quarter. 91.90% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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