Extraction Oil & Gas Inc (NASDAQ:XOG) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 26,336,675 shares, an increase of 12.8% from the February 28th total of 23,337,891 shares. Currently, 24.5% of the company’s shares are short sold. Based on an average trading volume of 4,855,052 shares, the short-interest ratio is presently 5.4 days.
NASDAQ XOG remained flat at $$5.06 during trading on Friday. The company’s stock had a trading volume of 4,482,310 shares, compared to its average volume of 5,277,091. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.15. The firm has a market cap of $856.73 million, a P/E ratio of -50.60 and a beta of 1.51. Extraction Oil & Gas has a 52 week low of $3.14 and a 52 week high of $17.42.
Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Thursday, February 21st. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.40). The company had revenue of $288.17 million during the quarter, compared to analysts’ expectations of $271.82 million. Extraction Oil & Gas had a net margin of 11.11% and a negative return on equity of 2.08%. On average, sell-side analysts anticipate that Extraction Oil & Gas will post 0.11 EPS for the current fiscal year.
In related news, Director Donald L. Evans purchased 40,000 shares of Extraction Oil & Gas stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $4.25 per share, for a total transaction of $170,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in Extraction Oil & Gas during the third quarter worth approximately $119,000. Stephens Inc. AR purchased a new stake in Extraction Oil & Gas in the fourth quarter valued at approximately $48,000. M&T Bank Corp purchased a new stake in Extraction Oil & Gas in the fourth quarter valued at approximately $52,000. D. E. Shaw & Co. Inc. purchased a new stake in Extraction Oil & Gas in the fourth quarter valued at approximately $56,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in Extraction Oil & Gas in the third quarter valued at approximately $105,000.
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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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.
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