Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities research analysts at Imperial Capital issued their Q1 2018 EPS estimates for Extraction Oil & Gas in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Imperial Capital analyst I. Haas forecasts that the energy company will post earnings of ($0.01) per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $20.00 target price on the stock. Imperial Capital also issued estimates for Extraction Oil & Gas’ Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.10 EPS.
Other equities analysts have also recently issued reports about the company. BidaskClub lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp reaffirmed a “buy” rating and set a $17.00 target price on shares of Extraction Oil & Gas in a research report on Tuesday, September 19th. Credit Suisse Group assumed coverage on Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 target price on the stock. SunTrust Banks set a $21.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.50.
Extraction Oil & Gas (NASDAQ:XOG) traded down $0.13 during trading on Thursday, hitting $14.16. The company’s stock had a trading volume of 1,903,173 shares, compared to its average volume of 1,501,089. The company has a market cap of $2,440.00 and a PE ratio of -8.18. Extraction Oil & Gas has a 52-week low of $11.31 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.97 and a quick ratio of 0.92.
In other news, insider Matthew R. Owens sold 400,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the completion of the sale, the insider now directly owns 1,081,051 shares of the company’s stock, valued at approximately $16,010,365.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Extraction Oil & Gas by 16.4% during the 2nd quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock valued at $153,792,000 after purchasing an additional 1,612,047 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Extraction Oil & Gas by 87.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after purchasing an additional 3,641,505 shares during the last quarter. Capital World Investors grew its stake in shares of Extraction Oil & Gas by 25.3% during the 2nd quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after acquiring an additional 1,052,900 shares during the period. Citadel Advisors LLC grew its stake in shares of Extraction Oil & Gas by 16,446.9% during the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after acquiring an additional 3,052,713 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Extraction Oil & Gas by 261.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock worth $46,562,000 after acquiring an additional 2,188,488 shares during the period. 89.17% of the stock is owned by hedge funds and other institutional investors.
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About Extraction Oil & Gas
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.
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