Brokerages predict that Extraction Oil & Gas (NASDAQ:XOG) will post $246.52 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Extraction Oil & Gas’ earnings. The lowest sales estimate is $216.44 million and the highest is $275.73 million. Extraction Oil & Gas reported sales of $119.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 105.8%. The business is expected to issue its next earnings report on Wednesday, August 8th.
On average, analysts expect that Extraction Oil & Gas will report full year sales of $1.12 billion for the current year, with estimates ranging from $1.06 billion to $1.16 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.59 billion per share, with estimates ranging from $1.40 billion to $1.74 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Extraction Oil & Gas.
Extraction Oil & Gas (NASDAQ:XOG) last posted its earnings results on Tuesday, May 8th. The energy company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.35). Extraction Oil & Gas had a positive return on equity of 0.71% and a negative net margin of 14.11%. The firm had revenue of $230.22 million for the quarter, compared to analyst estimates of $219.76 million. During the same quarter last year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 156.8% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its holdings in Extraction Oil & Gas by 10.7% in the 1st quarter. Sei Investments Co. now owns 38,245 shares of the energy company’s stock valued at $438,000 after purchasing an additional 3,685 shares in the last quarter. LPL Financial LLC boosted its holdings in Extraction Oil & Gas by 22.6% in the 1st quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock valued at $296,000 after purchasing an additional 4,771 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Extraction Oil & Gas by 37.1% in the 1st quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock valued at $263,000 after purchasing an additional 6,218 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Extraction Oil & Gas in the 4th quarter valued at approximately $100,000. Finally, Swiss National Bank boosted its holdings in Extraction Oil & Gas by 4.5% in the 1st quarter. Swiss National Bank now owns 179,500 shares of the energy company’s stock valued at $2,057,000 after purchasing an additional 7,700 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors.
Shares of XOG traded up $0.64 during midday trading on Monday, reaching $15.16. 1,748,300 shares of the stock were exchanged, compared to its average volume of 1,591,086. The stock has a market capitalization of $2.53 billion, a P/E ratio of 505.33 and a beta of 0.81. Extraction Oil & Gas has a twelve month low of $14.30 and a twelve month high of $14.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.49.
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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