Somewhat Favorable News Coverage Somewhat Unlikely to Affect Extraction Oil & Gas (XOG) Stock Price

Media stories about Extraction Oil & Gas (NYSE:XOG) have trended somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extraction Oil & Gas earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.5519375107378 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

XOG has been the topic of several recent research reports. Royal Bank Of Canada set a $16.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Citigroup Inc. cut their price target on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Credit Suisse Group reissued an “outperform” rating and issued a $23.00 price target on shares of Extraction Oil & Gas in a report on Friday, June 2nd. Finally, Barclays PLC restated a “buy” rating and issued a $24.00 target price on shares of Extraction Oil & Gas in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.00.

Extraction Oil & Gas (NYSE:XOG) traded up 2.09% during mid-day trading on Wednesday, reaching $13.65. The company had a trading volume of 871,162 shares. The company’s 50 day moving average is $13.31 and its 200 day moving average is $16.67. Extraction Oil & Gas has a 52-week low of $12.98 and a 52-week high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $121.15 million. The company’s quarterly revenue was up 83.2% on a year-over-year basis. Equities analysts predict that Extraction Oil & Gas will post $0.02 EPS for the current fiscal year.

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About Extraction Oil & Gas

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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