Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) gapped down prior to trading on Friday . The stock had previously closed at $3.00, but opened at $3.27. Extraction Oil & Gas shares last traded at $3.31, with a volume of 53,414 shares changing hands.

Several equities analysts have commented on XOG shares. Zacks Investment Research raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. BidaskClub raised shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 14th. Royal Bank of Canada set a $8.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Friday, August 2nd. ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, KeyCorp began coverage on shares of Extraction Oil & Gas in a report on Tuesday, May 28th. They set a “sector weight” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Extraction Oil & Gas currently has an average rating of “Hold” and a consensus price target of $9.69.

The company has a market capitalization of $450.41 million, a P/E ratio of -32.30 and a beta of 2.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.32 and a current ratio of 0.35. The firm’s fifty day moving average is $3.80 and its 200-day moving average is $4.11.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $222.10 million for the quarter, compared to the consensus estimate of $217.03 million. Extraction Oil & Gas had a net margin of 10.89% and a negative return on equity of 3.82%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. As a group, analysts expect that Extraction Oil & Gas Inc will post -0.31 EPS for the current fiscal year.

In other Extraction Oil & Gas news, Chairman Mark Erickson sold 70,024 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $4.08, for a total transaction of $285,697.92. Following the sale, the chairman now directly owns 1,614,542 shares of the company’s stock, valued at approximately $6,587,331.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of XOG. Marshall Wace LLP grew its holdings in Extraction Oil & Gas by 1,522.9% during the 1st quarter. Marshall Wace LLP now owns 4,165,682 shares of the energy company’s stock worth $17,622,000 after acquiring an additional 3,909,000 shares during the last quarter. Morgan Stanley grew its holdings in Extraction Oil & Gas by 95.9% during the 2nd quarter. Morgan Stanley now owns 6,787,696 shares of the energy company’s stock worth $29,391,000 after acquiring an additional 3,322,422 shares during the last quarter. BlackRock Inc. grew its holdings in Extraction Oil & Gas by 21.2% during the 2nd quarter. BlackRock Inc. now owns 13,548,451 shares of the energy company’s stock worth $58,665,000 after acquiring an additional 2,368,035 shares during the last quarter. Caymus Capital Partners L.P. bought a new stake in Extraction Oil & Gas during the 2nd quarter worth approximately $7,698,000. Finally, Monarch Partners Asset Management LLC bought a new stake in Extraction Oil & Gas during the 2nd quarter worth approximately $7,051,000.

Extraction Oil & Gas Company Profile (NASDAQ:XOG)

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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