Extraction Oil & Gas (NASDAQ:XOG) Earns “Buy” Rating from Williams Capital

Williams Capital reaffirmed their buy rating on shares of Extraction Oil & Gas (NASDAQ:XOG) in a report issued on Friday, October 19th. Williams Capital currently has a $15.00 target price on the energy company’s stock.

“We lower our PT to $15 (from $18) on our reduced esmates.”,” Williams Capital’s analyst wrote.

Several other research firms also recently issued reports on XOG. KLR Group reissued a buy rating and issued a $25.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 20th. Zacks Investment Research raised shares of Extraction Oil & Gas from a hold rating to a buy rating and set a $12.00 price target for the company in a research report on Saturday, October 13th. BMO Capital Markets reissued a buy rating and issued a $17.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 13th. TheStreet downgraded shares of Extraction Oil & Gas from a c- rating to a d+ rating in a research report on Tuesday, August 14th. Finally, ValuEngine raised shares of Extraction Oil & Gas from a sell rating to a hold rating in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $16.40.

Extraction Oil & Gas stock traded down $0.22 during mid-day trading on Friday, hitting $8.43. 2,911,130 shares of the stock were exchanged, compared to its average volume of 5,452,701. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 280.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.37 and a current ratio of 0.85. Extraction Oil & Gas has a 12 month low of $7.20 and a 12 month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $282.20 million during the quarter, compared to the consensus estimate of $256.67 million. Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.07%. The business’s revenue was up 56.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS. As a group, equities research analysts predict that Extraction Oil & Gas will post 0.2 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Extraction Oil & Gas by 38.2% in the 2nd quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after buying an additional 3,697,918 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Extraction Oil & Gas in the 2nd quarter worth about $31,730,000. Dimensional Fund Advisors LP boosted its holdings in shares of Extraction Oil & Gas by 100.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock worth $50,878,000 after buying an additional 1,738,601 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Extraction Oil & Gas in the 3rd quarter worth about $18,769,000. Finally, Canyon Capital Advisors LLC purchased a new position in shares of Extraction Oil & Gas in the 2nd quarter worth about $17,541,000. 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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