Extraction Oil & Gas (NASDAQ:XOG) has been given a $21.00 price objective by equities researchers at Williams Capital in a research note issued on Tuesday, December 19th. The firm currently has a “buy” rating on the energy company’s stock. Williams Capital’s price target indicates a potential upside of 48.31% from the company’s previous close.
A number of other brokerages have also issued reports on XOG. Zacks Investment Research raised shares of Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, October 12th. SunTrust Banks set a $21.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Friday, October 27th. Imperial Capital started coverage on Extraction Oil & Gas in a report on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $17.00 price objective on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. Finally, BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.50.
Extraction Oil & Gas (NASDAQ XOG) traded down $0.13 during mid-day trading on Tuesday, hitting $14.16. 1,903,173 shares of the company were exchanged, compared to its average volume of 1,501,089. Extraction Oil & Gas has a 1 year low of $11.31 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97. The stock has a market capitalization of $2,440.00 and a price-to-earnings ratio of -8.18.
In other news, insider Matthew R. Owens sold 400,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 1,081,051 shares in the company, valued at $16,010,365.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Simplex Trading LLC boosted its position in Extraction Oil & Gas by 322.5% in the fourth quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock valued at $102,000 after buying an additional 5,443 shares during the last quarter. Citigroup Inc. boosted its position in Extraction Oil & Gas by 147.4% in the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after buying an additional 5,305 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Extraction Oil & Gas in the third quarter valued at approximately $156,000. BlueCrest Capital Management Ltd purchased a new stake in Extraction Oil & Gas in the second quarter valued at approximately $144,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Extraction Oil & Gas in the second quarter valued at approximately $148,000. Hedge funds and other institutional investors own 89.17% of the company’s stock.
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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