Zacks: Analysts Expect Extraction Oil & Gas Inc (XOG) Will Announce Earnings of $0.08 Per Share

Brokerages expect Extraction Oil & Gas Inc (NASDAQ:XOG) to report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Extraction Oil & Gas’ earnings, with estimates ranging from $0.03 to $0.11. Extraction Oil & Gas reported earnings per share of $0.02 during the same quarter last year, which would indicate a positive year over year growth rate of 300%. The firm is expected to issue its next earnings results after the market closes on Tuesday, August 7th.

On average, 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 fiscal year, analysts anticipate that the business will report earnings of $1.62 per share, with EPS estimates ranging from $1.12 to $2.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Tuesday, May 8th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.35). Extraction Oil & Gas had a negative net margin of 14.11% and a positive return on equity of 0.71%. The business had revenue of $230.22 million during the quarter, compared to the consensus estimate of $219.76 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 156.8% compared to the same quarter last year.

Several equities analysts have issued reports on the company. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. TheStreet upgraded Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research report on Thursday, May 17th. Jefferies Financial Group set a $16.00 price objective on Extraction Oil & Gas and gave the company a “hold” rating in a research report on Friday, July 13th. Finally, Williams Capital set a $20.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.77.

Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Extraction Oil & Gas by 10.7% during the first quarter. Sei Investments Co. now owns 38,245 shares of the energy company’s stock worth $438,000 after acquiring an additional 3,685 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Extraction Oil & Gas by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock worth $194,000 after purchasing an additional 3,780 shares during the period. LPL Financial LLC grew its stake in shares of Extraction Oil & Gas by 22.6% during the first quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock worth $296,000 after purchasing an additional 4,771 shares during the period. Guggenheim Capital LLC grew its stake in shares of Extraction Oil & Gas by 37.1% during the first quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock worth $263,000 after purchasing an additional 6,218 shares during the period. Finally, Swiss National Bank grew its stake 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 purchasing an additional 7,700 shares during the period. Institutional investors own 89.42% of the company’s stock.

Extraction Oil & Gas traded down $0.10, hitting $13.96, during trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 1,589,300 shares, compared to its average volume of 1,721,344. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.49. Extraction Oil & Gas has a 12 month low of $10.28 and a 12 month high of $17.42. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 465.33 and a beta of 1.16.

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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