Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) have earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.20.

Several equities analysts have recently issued reports on the company. Cowen assumed coverage on Extraction Oil & Gas in a research note on Tuesday, April 9th. They set a “market perform” rating and a $6.00 price target on the stock. BidaskClub raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Citigroup cut their price target on Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, March 12th. Zacks Investment Research lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Finally, ValuEngine raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.

In related news, Director Donald L. Evans bought 40,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $4.25 per share, with a total value of $170,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in XOG. Stephens Inc. AR acquired a new position in Extraction Oil & Gas in the fourth quarter valued at about $48,000. M&T Bank Corp acquired a new position in Extraction Oil & Gas in the fourth quarter valued at about $52,000. D. E. Shaw & Co. Inc. acquired a new position in Extraction Oil & Gas in the fourth quarter valued at about $56,000. Hsbc Holdings PLC lifted its stake in Extraction Oil & Gas by 54.1% in the fourth quarter. Hsbc Holdings PLC now owns 16,205 shares of the energy company’s stock valued at $70,000 after buying an additional 5,689 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Extraction Oil & Gas by 483.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,500 shares of the energy company’s stock valued at $75,000 after buying an additional 14,500 shares during the period.

Shares of XOG traded down $0.11 during trading hours on Monday, hitting $5.01. 3,588,100 shares of the stock traded hands, compared to its average volume of 4,608,403. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.75. Extraction Oil & Gas has a 1-year low of $3.14 and a 1-year high of $17.42. The firm has a market capitalization of $829.64 million, a PE ratio of -50.10 and a beta of 1.51.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Thursday, February 21st. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.40). Extraction Oil & Gas had a net margin of 11.11% and a negative return on equity of 2.08%. The firm had revenue of $288.17 million for the quarter, compared to analyst estimates of $271.82 million. Analysts anticipate that Extraction Oil & Gas will post 0.11 EPS for the current year.

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.

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

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