Extraction Oil & Gas Inc (NYSE:XOG) received a $21.00 price target from investment analysts at SunTrust Banks, Inc. in a report released on Thursday. The brokerage currently has a “buy” rating on the energy company’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 31.66% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. BidaskClub raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays PLC set a $20.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group LLC began coverage on shares of Extraction Oil & Gas in a research note on Monday, October 9th. They set a “hold” rating and a $14.00 price target on the stock. Finally, Williams Capital reaffirmed a “buy” rating and set a $21.00 price target on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.54.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $121.15 million. The company’s revenue for the quarter was up 83.2% compared to the same quarter last year.

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A number of hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its holdings in Extraction Oil & Gas by 8.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 147,181 shares of the energy company’s stock worth $2,265,000 after acquiring an additional 11,960 shares in the last quarter. Calamos Advisors LLC acquired a new position in Extraction Oil & Gas during the 3rd quarter worth $156,000. Public Employees Retirement System of Ohio grew its holdings in Extraction Oil & Gas by 198.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 53,422 shares of the energy company’s stock worth $719,000 after acquiring an additional 35,531 shares in the last quarter. California State Teachers Retirement System grew its holdings in Extraction Oil & Gas by 152.5% during the 2nd quarter. California State Teachers Retirement System now owns 221,674 shares of the energy company’s stock worth $2,982,000 after acquiring an additional 133,874 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Extraction Oil & Gas during the 2nd quarter worth $144,000.

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.

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

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