Extraction Oil & Gas’ (XOG) Buy Rating Reiterated at BMO Capital Markets

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Extraction Oil & Gas (NASDAQ:XOG)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a $17.00 target price on the energy company’s stock. BMO Capital Markets’ target price indicates a potential upside of 42.74% from the company’s current price.

A number of other analysts have also commented on XOG. Imperial Capital reduced their price objective on shares of Extraction Oil & Gas from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Williams Capital reaffirmed a “buy” rating and set a $22.00 price objective on shares of Extraction Oil & Gas in a research note on Wednesday, August 8th. BidaskClub lowered shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price objective on shares of Extraction Oil & Gas in a research note on Thursday, April 26th. Finally, TheStreet raised shares of Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research note on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.75.

XOG stock traded up $0.11 during mid-day trading on Monday, reaching $11.91. 30,578 shares of the stock traded hands, compared to its average volume of 1,925,752. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a 52-week low of $10.28 and a 52-week high of $17.42. The firm has a market capitalization of $2.15 billion, a PE ratio of 398.33 and a beta of 1.20.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. The firm had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $234.15 million. equities research analysts anticipate that Extraction Oil & Gas will post 0.56 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its position in shares of Extraction Oil & Gas by 97.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 44,401 shares of the energy company’s stock worth $652,000 after purchasing an additional 21,954 shares in the last quarter. FMR LLC lifted its position in shares of Extraction Oil & Gas by 38.2% in the second quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after purchasing an additional 3,697,918 shares in the last quarter. Cortina Asset Management LLC purchased a new stake in shares of Extraction Oil & Gas in the second quarter worth approximately $5,607,000. Dimensional Fund Advisors LP lifted its position in shares of Extraction Oil & Gas by 100.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock worth $50,878,000 after purchasing an additional 1,738,601 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Extraction Oil & Gas in the second quarter worth approximately $1,653,000. 91.00% of the stock is owned by institutional investors and hedge funds.

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

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