Extraction Oil & Gas Inc (XOG) Receives New Coverage from Analysts at Jefferies Group LLC

Jefferies Group LLC assumed coverage on shares of Extraction Oil & Gas Inc (NYSE:XOG) in a research note issued to investors on Monday morning. The firm issued a hold rating on the energy company’s stock.

A number of other equities research analysts have also issued reports on XOG. Royal Bank Of Canada set a $25.00 target price on Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, June 24th. Citigroup Inc. reduced their target price on Extraction Oil & Gas from $24.00 to $23.00 and set a buy rating on the stock in a research note on Thursday, July 13th. SunTrust Banks, Inc. set a $20.00 target price on Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, July 22nd. BMO Capital Markets raised Extraction Oil & Gas from a market perform rating to an outperform rating and set a $17.00 target price on the stock in a research note on Monday, August 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Extraction Oil & Gas from a hold rating to a sell rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $21.33.

Shares of Extraction Oil & Gas (XOG) opened at 15.38 on Monday. The company has a 50 day moving average price of $14.56 and a 200 day moving average price of $14.56. Extraction Oil & Gas has a 12-month low of $12.98 and a 12-month high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last posted its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $121.15 million. The business’s revenue was up 83.2% on a year-over-year basis. On average, equities research analysts predict that Extraction Oil & Gas will post $0.02 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Extraction Oil & Gas Inc (XOG) Receives New Coverage from Analysts at Jefferies Group LLC” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/extraction-oil-gas-inc-xog-receives-new-coverage-from-analysts-at-jefferies-group-llc.html.

A number of institutional investors and hedge funds have recently modified their holdings of XOG. Russell Investments Group Ltd. raised its holdings in Extraction Oil & Gas by 62.3% in the 1st quarter. Russell Investments Group Ltd. now owns 100,994 shares of the energy company’s stock valued at $1,873,000 after acquiring an additional 38,765 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Extraction Oil & Gas by 59.9% in the 1st quarter. Bank of New York Mellon Corp now owns 130,874 shares of the energy company’s stock valued at $2,428,000 after acquiring an additional 49,019 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Extraction Oil & Gas by 2.4% in the 1st quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock valued at $329,000 after acquiring an additional 420 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Extraction Oil & Gas by 23.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 60,131 shares of the energy compa

A number of other equities research analysts have also issued reports on XOG. Royal Bank Of Canada set a $25.00 target price on Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, June 24th. Citigroup Inc. reduced their target price on Extraction Oil & Gas from $24.00 to $23.00 and set a buy rating on the stock in a research note on Thursday, July 13th. SunTrust Banks, Inc. set a $20.00 target price on Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, July 22nd. BMO Capital Markets raised Extraction Oil & Gas from a market perform rating to an outperform rating and set a $17.00 target price on the stock in a research note on Monday, August 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Extraction Oil & Gas from a hold rating to a sell rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $21.33.

Shares of Extraction Oil & Gas (XOG) opened at 15.38 on Monday. The company has a 50 day moving average price of $14.56 and a 200 day moving average price of $14.56. Extraction Oil & Gas has a 12-month low of $12.98 and a 12-month high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last posted its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $121.15 million. The business’s revenue was up 83.2% on a year-over-year basis. On average, equities research analysts predict that Extraction Oil & Gas will post $0.02 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Extraction Oil & Gas Inc (XOG) Receives New Coverage from Analysts at Jefferies Group LLC” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/extraction-oil-gas-inc-xog-receives-new-coverage-from-analysts-at-jefferies-group-llc.html.

A number of institutional investors and hedge funds have recently modified their holdings of XOG. Russell Investments Group Ltd. raised its holdings in Extraction Oil & Gas by 62.3% in the 1st quarter. Russell Investments Group Ltd. now owns 100,994 shares of the energy company’s stock valued at $1,873,000 after acquiring an additional 38,765 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Extraction Oil & Gas by 59.9% in the 1st quarter. Bank of New York Mellon Corp now owns 130,874 shares of the energy company’s stock valued at $2,428,000 after acquiring an additional 49,019 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Extraction Oil & Gas by 2.4% in the 1st quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock valued at $329,000 after acquiring an additional 420 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Extraction Oil & Gas by 23.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 60,131 shares of the energy company’s stock valued at $1,115,000 after acquiring an additional 11,585 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Extraction Oil & Gas by 45.2% in the 1st quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock valued at $1,535,000 after acquiring an additional 25,782 shares during the last quarter.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

Analyst Recommendations for Extraction Oil & Gas (NYSE:XOG)

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