$0.19 EPS Expected for Extraction Oil & Gas Inc (XOG) This Quarter

Equities research analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to report earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Extraction Oil & Gas’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.13. Extraction Oil & Gas reported earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year over year growth rate of 337.5%. The company is scheduled to report its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $0.60. For the next year, analysts anticipate that the firm will post earnings of $1.53 per share, with EPS estimates ranging from $1.12 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The business had revenue of $260.20 million during the quarter, compared to the consensus estimate of $234.15 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%.

XOG has been the topic of several recent analyst reports. Jefferies Financial Group set a $16.00 price target on Extraction Oil & Gas and gave the stock a “hold” rating in a research report on Friday, July 13th. Williams Capital set a $20.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, May 9th. ValuEngine raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. BidaskClub raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Finally, JPMorgan Chase & Co. began coverage on Extraction Oil & Gas in a report on Friday, May 4th. They set an “overweight” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.92.

NASDAQ XOG traded down $0.33 during trading on Tuesday, hitting $12.27. The company’s stock had a trading volume of 2,190,599 shares, compared to its average volume of 1,898,469. The company has a quick ratio of 0.46, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a 52 week low of $10.28 and a 52 week high of $17.42.

A number of institutional investors have recently bought and sold shares of XOG. Two Sigma Investments LP acquired a new position in Extraction Oil & Gas in the fourth quarter worth $359,000. Trexquant Investment LP acquired a new position in Extraction Oil & Gas in the first quarter worth $1,270,000. American Century Companies Inc. raised its position in shares of Extraction Oil & Gas by 9.4% during the first quarter. American Century Companies Inc. now owns 695,971 shares of the energy company’s stock worth $7,976,000 after acquiring an additional 59,776 shares during the last quarter. Swiss National Bank raised its position in shares of Extraction Oil & Gas by 4.5% during the first quarter. Swiss National Bank now owns 179,500 shares of the energy company’s stock worth $2,057,000 after acquiring an additional 7,700 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Extraction Oil & Gas during the first quarter worth $219,000. 89.97% of the stock is currently 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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