Extraction Oil & Gas (XOG) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

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Extraction Oil & Gas (NASDAQ:XOG) released its earnings results on Tuesday. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08), Morningstar.com reports. The company had revenue of $282.20 million during the quarter, compared to the consensus estimate of $256.67 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. Extraction Oil & Gas’s revenue for the quarter was up 56.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) EPS.

Shares of NASDAQ:XOG traded up $0.79 during trading on Wednesday, reaching $9.48. 740,535 shares of the company’s stock traded hands, compared to its average volume of 4,328,970. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a 12 month low of $7.20 and a 12 month high of $17.42. The company has a market cap of $1.45 billion, a PE ratio of 317.33 and a beta of 1.80.

Large investors have recently made changes to their positions in the stock. Aperio Group LLC bought a new stake in shares of Extraction Oil & Gas during the 2nd quarter valued at about $158,000. Principal Financial Group Inc. bought a new stake in shares of Extraction Oil & Gas during the 1st quarter valued at about $181,000. State of Alaska Department of Revenue grew its position in shares of Extraction Oil & Gas by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock valued at $194,000 after buying an additional 3,780 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Extraction Oil & Gas during the 3rd quarter valued at about $202,000. Finally, Strs Ohio bought a new stake in shares of Extraction Oil & Gas during the 2nd quarter valued at about $252,000. 91.90% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on XOG shares. Macquarie downgraded shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Tuesday, August 7th. KLR Group reissued a “buy” rating and issued a $25.00 target price on shares of Extraction Oil & Gas in a research report on Monday, August 20th. BidaskClub downgraded shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Williams Capital set a $15.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday. Finally, TheStreet downgraded shares of Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.90.

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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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Earnings History for Extraction Oil & Gas (NASDAQ:XOG)

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