$317.63 Million in Sales Expected for Extraction Oil & Gas Inc (XOG) This Quarter

Equities research analysts forecast that Extraction Oil & Gas Inc (NASDAQ:XOG) will report sales of $317.63 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Extraction Oil & Gas’ earnings, with estimates ranging from $302.00 million to $332.42 million. Extraction Oil & Gas posted sales of $180.86 million during the same quarter last year, which suggests a positive year over year growth rate of 75.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Extraction Oil & Gas will report full-year sales of $1.14 billion for the current year, with estimates ranging from $1.08 billion to $1.17 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.66 billion per share, with estimates ranging from $1.56 billion to $1.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Tuesday, May 8th. The energy company reported ($0.32) earnings per share 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 for the quarter, compared to the consensus estimate of $219.76 million. During the same quarter last year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 156.8% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Williams Capital set a $20.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Wednesday, May 9th. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. BMO Capital Markets set a $19.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Wednesday, April 11th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $14.00 price objective on shares of Extraction Oil & Gas in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.58.

Extraction Oil & Gas opened at $12.78 on Thursday, Marketbeat Ratings reports. Extraction Oil & Gas has a fifty-two week low of $10.28 and a fifty-two week high of $17.42. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.67 billion, a PE ratio of 426.17 and a beta of 1.20.

Institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $359,000. Trexquant Investment LP acquired a new position in shares of Extraction Oil & Gas during the 1st quarter worth approximately $1,270,000. American Century Companies Inc. increased its position in shares of Extraction Oil & Gas by 9.4% during the 1st quarter. American Century Companies Inc. now owns 695,971 shares of the energy company’s stock worth $7,976,000 after purchasing an additional 59,776 shares during the last quarter. Swiss National Bank increased its position in shares of Extraction Oil & Gas by 4.5% during the 1st 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 last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Extraction Oil & Gas during the 1st quarter worth approximately $219,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

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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