Extraction Oil & Gas Inc (XOG) Receives $12.89 Consensus Price Target from Analysts

Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) have received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.89.

Several analysts have recently commented on the stock. BidaskClub cut shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 28th. Stephens assumed coverage on shares of Extraction Oil & Gas in a research note on Thursday, December 6th. They issued an “overweight” rating and a $17.00 target price for the company. JPMorgan Chase & Co. cut shares of Extraction Oil & Gas from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $12.00 to $7.00 in a research note on Friday, December 7th. Tudor Pickering cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Finally, Williams Capital set a $9.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, December 12th.

In related news, Director Donald L. Evans acquired 40,000 shares of Extraction Oil & Gas stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $4.25 per share, for a total transaction of $170,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Luminus Management LLC lifted its stake in shares of Extraction Oil & Gas by 21.6% in the third quarter. Luminus Management LLC now owns 7,760,895 shares of the energy company’s stock valued at $87,621,000 after purchasing an additional 1,380,386 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Extraction Oil & Gas by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock valued at $25,292,000 after purchasing an additional 888,898 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Extraction Oil & Gas in the fourth quarter valued at about $21,297,000. Canyon Capital Advisors LLC increased its holdings in Extraction Oil & Gas by 131.9% during the 3rd quarter. Canyon Capital Advisors LLC now owns 2,769,503 shares of the energy company’s stock valued at $31,268,000 after acquiring an additional 1,575,407 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Extraction Oil & Gas by 791.3% during the 3rd quarter. Clearbridge Investments LLC now owns 1,692,730 shares of the energy company’s stock valued at $19,111,000 after acquiring an additional 1,502,812 shares in the last quarter.

Shares of XOG stock traded up $0.06 during mid-day trading on Thursday, hitting $4.46. The stock had a trading volume of 4,113,783 shares, compared to its average volume of 4,352,687. Extraction Oil & Gas has a fifty-two week low of $3.14 and a fifty-two week high of $17.42. The stock has a market capitalization of $749.67 million, a PE ratio of -44.15 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.15.

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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