BidaskClub upgraded shares of Extraction Oil & Gas (NASDAQ:XOG) from a sell rating to a hold rating in a report issued on Thursday.

Other analysts also recently issued reports about the stock. Citigroup lowered their price target on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a buy rating for the company in a research note on Tuesday, March 12th. Imperial Capital set a $12.00 price objective on shares of Extraction Oil & Gas and gave the company a buy rating in a research report on Friday, February 22nd. Williams Capital set a $8.00 price objective on shares of Extraction Oil & Gas and gave the company a buy rating in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a strong sell rating to a hold rating in a research report on Thursday, December 20th. Finally, Tudor Pickering cut shares of Extraction Oil & Gas from a buy rating to a hold rating in a research report on Friday, December 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $12.82.

Extraction Oil & Gas stock opened at $4.19 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $718.81 million, a price-to-earnings ratio of -41.90 and a beta of 1.50. Extraction Oil & Gas has a twelve month low of $3.14 and a twelve month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings results on Thursday, February 21st. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.40). The business had revenue of $288.17 million during the quarter, compared to the consensus estimate of $271.82 million. Extraction Oil & Gas had a negative return on equity of 2.08% and a net margin of 11.11%. On average, equities analysts anticipate that Extraction Oil & Gas will post 0.13 EPS for the current fiscal year.

In related news, Director Donald L. Evans purchased 40,000 shares of Extraction Oil & Gas stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $4.25 per share, for a total transaction of $170,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in XOG. Russell Investments Group Ltd. increased its position in shares of Extraction Oil & Gas by 22.3% during the third quarter. Russell Investments Group Ltd. now owns 551,490 shares of the energy company’s stock valued at $6,226,000 after buying an additional 100,602 shares during the period. Jennison Associates LLC purchased a new position in shares of Extraction Oil & Gas during the third quarter valued at about $18,769,000. Credit Suisse AG increased its position in shares of Extraction Oil & Gas by 12.8% during the third quarter. Credit Suisse AG now owns 73,460 shares of the energy company’s stock valued at $829,000 after buying an additional 8,332 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Extraction Oil & Gas by 44.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,006,470 shares of the energy company’s stock valued at $56,522,000 after buying an additional 1,543,031 shares during the period. Finally, Bridgeway Capital Management Inc. purchased a new position in shares of Extraction Oil & Gas during the third quarter valued at about $8,375,000.

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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

Further Reading: How Short Selling Works

Analyst Recommendations 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.