Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Extraction Oil & Gas (XOG) Share Price

Press coverage about Extraction Oil & Gas (NASDAQ:XOG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extraction Oil & Gas earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 47.2482709357772 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

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Extraction Oil & Gas stock opened at $13.00 on Tuesday. The stock has a market capitalization of $2,247.12, a PE ratio of 433.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38. Extraction Oil & Gas has a 12-month low of $10.28 and a 12-month high of $18.00.

Extraction Oil & Gas (NASDAQ:XOG) last released its earnings results on Tuesday, February 27th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The firm had revenue of $214.03 million during the quarter, compared to analyst estimates of $198.51 million. Extraction Oil & Gas had a negative net margin of 7.35% and a positive return on equity of 1.34%. research analysts forecast that Extraction Oil & Gas will post 0.41 EPS for the current year.

XOG has been the subject of several research reports. Williams Capital set a $21.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, December 19th. BidaskClub upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Macquarie started coverage on shares of Extraction Oil & Gas in a report on Thursday, January 25th. They issued an “outperform” rating and a $19.00 target price for the company. ValuEngine lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $13.00 target price on shares of Extraction Oil & Gas in a report on Monday, March 19th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

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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. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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