Extraction Oil & Gas Inc (NASDAQ:XOG) Given Consensus Recommendation of “Hold” by Brokerages

Extraction Oil & Gas Inc (NASDAQ:XOG) has been given a consensus recommendation of “Hold” by the eighteen analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.82.

A number of research firms have recently issued reports on XOG. BidaskClub raised shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. KeyCorp began coverage on shares of Extraction Oil & Gas in a report on Tuesday, May 28th. They set a “sector weight” rating for the company. Finally, Imperial Capital set a $12.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Friday, February 22nd.

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC raised its position in Extraction Oil & Gas by 8.9% in the 4th quarter. LPL Financial LLC now owns 34,557 shares of the energy company’s stock worth $148,000 after purchasing an additional 2,831 shares during the period. Nordea Investment Management AB increased its position in shares of Extraction Oil & Gas by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 404,905 shares of the energy company’s stock valued at $1,737,000 after acquiring an additional 3,679 shares during the period. Hsbc Holdings PLC increased its position in shares of Extraction Oil & Gas by 54.1% in the fourth 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 period. Menta Capital LLC increased its position in shares of Extraction Oil & Gas by 65.5% in the fourth quarter. Menta Capital LLC now owns 22,483 shares of the energy company’s stock valued at $96,000 after acquiring an additional 8,900 shares during the period. Finally, Stephens Inc. AR purchased a new position in shares of Extraction Oil & Gas in the fourth quarter valued at about $48,000. Institutional investors own 99.53% of the company’s stock.

NASDAQ XOG opened at $4.16 on Friday. Extraction Oil & Gas has a 52-week low of $3.14 and a 52-week high of $15.70. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 0.80. The firm has a market cap of $604.17 million, a PE ratio of -41.60 and a beta of 1.83.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). Extraction Oil & Gas had a negative return on equity of 2.57% and a net margin of 7.21%. The company had revenue of $221.92 million for the quarter, compared to the consensus estimate of $227.52 million. On average, equities analysts expect that Extraction Oil & Gas will post 0.13 EPS for the current year.

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.

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

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