Extraction Oil & Gas Inc (NASDAQ:XOG) – Equities researchers at Imperial Capital raised their Q1 2019 EPS estimates for shares of Extraction Oil & Gas in a note issued to investors on Wednesday, April 24th. Imperial Capital analyst I. Haas now forecasts that the energy company will earn $0.07 per share for the quarter, up from their prior forecast of $0.02. Imperial Capital currently has a “Buy” rating and a $12.00 target price on the stock. Imperial Capital also issued estimates for Extraction Oil & Gas’ FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.57 EPS.
Several other equities research analysts have also issued reports on the stock. BidaskClub raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Zacks Investment Research lowered shares of Extraction Oil & Gas from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Citigroup reduced their target price on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, March 12th. ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Williams Capital set a $8.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.25.
Extraction Oil & Gas stock opened at $5.17 on Friday. The company has a market capitalization of $905.86 million, a P/E ratio of -51.70 and a beta of 1.51. Extraction Oil & Gas has a 12-month low of $3.14 and a 12-month high of $17.42. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.75.
Extraction Oil & Gas (NASDAQ:XOG) last released its earnings results on Thursday, February 21st. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.40). The firm had revenue of $288.17 million during the quarter, compared to analysts’ expectations of $271.82 million. Extraction Oil & Gas had a negative return on equity of 2.08% and a net margin of 11.11%.
A number of institutional investors and hedge funds have recently made changes to their positions in XOG. Stephens Inc. AR bought a new position in shares of Extraction Oil & Gas during the 4th quarter valued at approximately $48,000. M&T Bank Corp bought a new position in shares of Extraction Oil & Gas during the 4th quarter valued at approximately $52,000. D. E. Shaw & Co. Inc. bought a new position in shares of Extraction Oil & Gas during the 4th quarter valued at approximately $56,000. Hsbc Holdings PLC boosted its position in shares of Extraction Oil & Gas by 54.1% during the 4th quarter. Hsbc Holdings PLC now owns 16,205 shares of the energy company’s stock valued at $70,000 after acquiring an additional 5,689 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Extraction Oil & Gas by 483.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,500 shares of the energy company’s stock valued at $75,000 after acquiring an additional 14,500 shares during the last quarter.
In related news, Director Donald L. Evans acquired 40,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $4.25 per share, with a total value of $170,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.20% of the company’s stock.
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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.