Imperial Capital Comments on Extraction Oil & Gas Inc’s FY2019 Earnings (XOG)

Share on StockTwits

Extraction Oil & Gas Inc (NASDAQ:XOG) – Investment analysts at Imperial Capital dropped their FY2019 earnings per share (EPS) estimates for shares of Extraction Oil & Gas in a research report issued to clients and investors on Thursday, January 24th, Zacks Investment Research reports. Imperial Capital analyst I. Haas now expects that the energy company will earn $0.33 per share for the year, down from their prior estimate of $1.07.

Several other analysts also recently weighed in on XOG. Zacks Investment Research downgraded Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. BidaskClub downgraded Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Citigroup cut their target price on Extraction Oil & Gas from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Williams Capital set a $15.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, BMO Capital Markets downgraded Extraction Oil & Gas from an “outperform” rating to a “market perform” rating and cut their target price for the company from $17.00 to $12.00 in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.55.

Shares of Extraction Oil & Gas stock traded up $0.12 during midday trading on Monday, hitting $3.91. The company had a trading volume of 3,790,499 shares, compared to its average volume of 3,680,101. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $666.00 million, a P/E ratio of 130.33 and a beta of 1.44. Extraction Oil & Gas has a 52-week low of $3.14 and a 52-week high of $17.42.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Extraction Oil & Gas by 38.2% during the 2nd quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock valued at $196,450,000 after buying an additional 3,697,918 shares during the period. Luminus Management LLC lifted its holdings in shares of Extraction Oil & Gas by 21.6% during the 3rd quarter. Luminus Management LLC now owns 7,760,895 shares of the energy company’s stock valued at $87,621,000 after buying an additional 1,380,386 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Extraction Oil & Gas by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock valued at $25,292,000 after buying an additional 888,898 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Extraction Oil & Gas during the 4th quarter valued at $21,297,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Extraction Oil & Gas by 60.7% during the 3rd quarter. Victory Capital Management Inc. now owns 3,472,113 shares of the energy company’s stock valued at $39,201,000 after buying an additional 1,312,062 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: The benefits and drawbacks of dollar cost averaging

Get a free copy of the Zacks research report on Extraction Oil & Gas (XOG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.