Extraction Oil & Gas Inc (NYSE:XOG) - Stock analysts at SunTrust Banks reduced their Q2 2017 earnings per share estimates for shares of Extraction Oil & Gas in a research report issued on Sunday. SunTrust Banks analyst N. Dingmann now forecasts that the energy company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.05). SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for Extraction Oil & Gas’ Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.01 EPS, FY2018 earnings at $0.23 EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at ($0.05) EPS.
A number of other research analysts have also recently commented on the stock. Citigroup Inc. cut their price target on shares of Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada set a $25.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. ValuEngine cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $23.00 price target on shares of Extraction Oil & Gas in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.00.
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Shares of Extraction Oil & Gas (NYSE XOG) opened at 12.07 on Wednesday. Extraction Oil & Gas has a 52-week low of $11.73 and a 52-week high of $25.08. The firm’s 50-day moving average price is $13.20 and its 200-day moving average price is $16.18.
Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings results on Tuesday, May 9th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.21. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The firm had revenue of $89.60 million during the quarter, compared to the consensus estimate of $75.66 million. The business’s revenue for the quarter was up 98.7% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of XOG. Public Employees Retirement Association of Colorado boosted its position in Extraction Oil & Gas by 1,697.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,559 shares of the energy company’s stock worth $330,000 after buying an additional 23,193 shares during the period. Russell Investments Group Ltd. boosted its position in Extraction Oil & Gas by 20.0% in the second quarter. Russell Investments Group Ltd. now owns 121,224 shares of the energy company’s stock worth $1,631,000 after buying an additional 20,230 shares during the period. US Bancorp DE purchased a new position in Extraction Oil & Gas during the second quarter worth about $215,000. Bank of Montreal Can purchased a new position in Extraction Oil & Gas during the second quarter worth about $2,034,000. Finally, Clearbridge Investments LLC boosted its position in Extraction Oil & Gas by 38.3% in the first quarter. Clearbridge Investments LLC now owns 191,700 shares of the energy company’s stock worth $3,556,000 after buying an additional 53,086 shares during the period.
Extraction Oil & Gas Company Profile
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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