ValuEngine upgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from a sell rating to a hold rating in a research note published on Tuesday, May 29th.

A number of other analysts have also recently weighed in on the stock. BidaskClub raised shares of Extraction Oil & Gas from a hold rating to a buy rating in a research note on Tuesday, May 22nd. TheStreet upgraded shares of Extraction Oil & Gas from a d+ rating to a c- rating in a report on Thursday, May 17th. Williams Capital set a $20.00 price target on shares of Extraction Oil & Gas and gave the stock a buy rating in a report on Wednesday, May 9th. JPMorgan Chase & Co. began coverage on shares of Extraction Oil & Gas in a report on Friday, May 4th. They set an overweight rating and a $21.00 price target on the stock. Finally, Jefferies Financial Group reiterated a hold rating and set a $14.00 price target on shares of Extraction Oil & Gas in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Extraction Oil & Gas currently has an average rating of Buy and an average target price of $18.62.

Extraction Oil & Gas traded down $0.22, reaching $15.06, during mid-day trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 2,493,300 shares, compared to its average volume of 1,758,371. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 500.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.49 and a quick ratio of 0.46. Extraction Oil & Gas has a 12 month low of $10.28 and a 12 month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, May 8th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.35). The firm had revenue of $230.22 million during the quarter, compared to the consensus estimate of $219.76 million. Extraction Oil & Gas had a negative net margin of 14.11% and a positive return on equity of 0.71%. The business’s revenue was up 156.8% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. analysts anticipate that Extraction Oil & Gas will post 0.38 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Extraction Oil & Gas by 0.3% in the first quarter. BlackRock Inc. now owns 13,042,511 shares of the energy company’s stock valued at $149,467,000 after buying an additional 33,221 shares during the period. Luminus Management LLC increased its stake in Extraction Oil & Gas by 13.8% in the fourth quarter. Luminus Management LLC now owns 7,321,329 shares of the energy company’s stock valued at $104,768,000 after purchasing an additional 885,876 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Extraction Oil & Gas by 131.8% in the first quarter. Point72 Asset Management L.P. now owns 4,657,889 shares of the energy company’s stock valued at $53,379,000 after purchasing an additional 2,648,070 shares in the last quarter. Boston Partners increased its stake in Extraction Oil & Gas by 351.0% in the fourth quarter. Boston Partners now owns 2,327,963 shares of the energy company’s stock valued at $33,313,000 after purchasing an additional 1,811,782 shares in the last quarter. Finally, Beach Point Capital Management LP increased its stake in Extraction Oil & Gas by 0.9% in the first quarter. Beach Point Capital Management LP now owns 2,215,784 shares of the energy company’s stock valued at $25,393,000 after purchasing an additional 20,042 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Extraction Oil & Gas Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Extraction Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extraction Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.