Extraction Oil & Gas Inc (NASDAQ:XOG) Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Extraction Oil & Gas Inc (NASDAQ:XOG) by 54.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,205 shares of the energy company’s stock after purchasing an additional 5,689 shares during the quarter. Hsbc Holdings PLC’s holdings in Extraction Oil & Gas were worth $70,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XOG. Alambic Investment Management L.P. bought a new stake in shares of Extraction Oil & Gas in the fourth quarter valued at $905,000. HAP Trading LLC purchased a new position in shares of Extraction Oil & Gas in the fourth quarter valued at $295,000. Citigroup Inc. grew its position in shares of Extraction Oil & Gas by 8,794.3% in the fourth quarter. Citigroup Inc. now owns 648,750 shares of the energy company’s stock valued at $2,783,000 after purchasing an additional 641,456 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Extraction Oil & Gas by 15.8% in the fourth quarter. Bank of New York Mellon Corp now owns 544,750 shares of the energy company’s stock valued at $2,337,000 after purchasing an additional 74,268 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Extraction Oil & Gas in the fourth quarter valued at $48,000.

In other news, Director Donald L. Evans acquired 40,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $4.25 per share, for a total transaction of $170,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.20% of the stock is currently owned by corporate insiders.

Extraction Oil & Gas stock traded down $0.35 during midday trading on Friday, hitting $4.82. 5,120,563 shares of the company’s stock were exchanged, compared to its average volume of 4,662,108. Extraction Oil & Gas Inc has a 52-week low of $3.14 and a 52-week high of $17.42. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.75. The stock has a market cap of $875.36 million, a price-to-earnings ratio of -48.20 and a beta of 1.51.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Thursday, February 21st. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.40). Extraction Oil & Gas had a negative return on equity of 2.08% and a net margin of 11.11%. The firm had revenue of $288.17 million during the quarter, compared to analysts’ expectations of $271.82 million. On average, research analysts anticipate that Extraction Oil & Gas Inc will post 0.09 earnings per share for the current year.

XOG has been the subject of several recent research reports. Citigroup reduced their price target on Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, March 12th. Imperial Capital set a $12.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, February 22nd. BidaskClub upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research cut Extraction Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.25.

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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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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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