Extraction Oil & Gas (NASDAQ:XOG) Upgraded by ValuEngine to “Hold”

Extraction Oil & Gas (NASDAQ:XOG) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

A number of other research analysts also recently weighed in on XOG. BidaskClub raised Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 20th. Wells Fargo & Co started coverage on Extraction Oil & Gas in a research note on Monday, May 20th. They set a “market perform” rating and a $8.00 price target on the stock. KeyCorp started coverage on Extraction Oil & Gas in a research note on Tuesday, May 28th. They set a “sector weight” rating on the stock. Cowen started coverage on Extraction Oil & Gas in a research note on Tuesday, April 9th. They set a “market perform” rating and a $6.00 price target on the stock. Finally, Zacks Investment Research raised Extraction Oil & Gas from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.58.

XOG stock opened at $3.31 on Thursday. The business’s 50 day moving average price is $3.98. Extraction Oil & Gas has a fifty-two week low of $3.04 and a fifty-two week high of $15.56. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 0.80. The firm has a market cap of $604.17 million, a P/E ratio of -33.10 and a beta of 2.13.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Extraction Oil & Gas had a negative return on equity of 2.57% and a net margin of 7.21%. The firm had revenue of $222.10 million for the quarter, compared to analyst estimates of $217.03 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities analysts predict that Extraction Oil & Gas will post -0.21 EPS for the current year.

In other Extraction Oil & Gas news, Chairman Mark Erickson sold 70,024 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $4.08, for a total transaction of $285,697.92. Following the completion of the sale, the chairman now directly owns 1,614,542 shares of the company’s stock, valued at approximately $6,587,331.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Swiss National Bank increased its holdings in Extraction Oil & Gas by 7.7% during the 2nd quarter. Swiss National Bank now owns 207,500 shares of the energy company’s stock worth $898,000 after purchasing an additional 14,800 shares in the last quarter. Aperio Group LLC increased its holdings in Extraction Oil & Gas by 184.4% during the 2nd quarter. Aperio Group LLC now owns 136,569 shares of the energy company’s stock worth $591,000 after purchasing an additional 88,546 shares in the last quarter. First Trust Advisors LP increased its holdings in Extraction Oil & Gas by 15.1% during the 2nd quarter. First Trust Advisors LP now owns 930,509 shares of the energy company’s stock worth $4,029,000 after purchasing an additional 121,823 shares in the last quarter. JJJ Advisors Inc. increased its holdings in Extraction Oil & Gas by 6.8% during the 2nd quarter. JJJ Advisors Inc. now owns 143,019 shares of the energy company’s stock worth $619,000 after purchasing an additional 9,103 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its holdings in Extraction Oil & Gas by 22.1% during the 2nd quarter. LGT Capital Partners LTD. now owns 470,000 shares of the energy company’s stock worth $2,035,000 after purchasing an additional 85,000 shares in the last quarter. 99.56% of the stock is 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. 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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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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