Extraction Oil & Gas (NASDAQ:XOG) – Research analysts at Jefferies Group issued their Q1 2020 earnings estimates for Extraction Oil & Gas in a research report issued to clients and investors on Wednesday, April 25th. Jefferies Group analyst M. Lear anticipates that the energy company will earn $0.32 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ FY2020 earnings at $1.34 EPS.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Extraction Oil & Gas had a negative net margin of 7.35% and a positive return on equity of 1.34%. The company had revenue of $214.03 million during the quarter, compared to analysts’ expectations of $198.51 million.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. BMO Capital Markets set a $19.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, April 11th. Williams Capital set a $22.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, February 28th. ValuEngine cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Macquarie assumed coverage on shares of Extraction Oil & Gas in a research report on Thursday, January 25th. They issued an “outperform” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.58.

Shares of XOG stock opened at $14.07 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38. Extraction Oil & Gas has a 52 week low of $10.28 and a 52 week high of $17.15. The company has a market capitalization of $2,413.90, a price-to-earnings ratio of 469.00 and a beta of 1.16.

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Extraction Oil & Gas during the 4th quarter worth $100,000. Simplex Trading LLC raised its stake in Extraction Oil & Gas by 322.5% during the 4th quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock worth $102,000 after acquiring an additional 5,443 shares in the last quarter. Ellington Management Group LLC acquired a new stake in Extraction Oil & Gas during the 4th quarter worth $157,000. Two Sigma Investments LP acquired a new stake in Extraction Oil & Gas during the 4th quarter worth $359,000. Finally, Legal & General Group Plc raised its stake in Extraction Oil & Gas by 143.0% during the 3rd quarter. Legal & General Group Plc now owns 28,037 shares of the energy company’s stock worth $432,000 after acquiring an additional 16,500 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

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. 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.

Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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