Wall Street analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to report sales of $229.32 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Extraction Oil & Gas’ earnings, with the highest sales estimate coming in at $240.60 million and the lowest estimate coming in at $216.00 million. Extraction Oil & Gas posted sales of $282.16 million in the same quarter last year, which would indicate a negative year over year growth rate of 18.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, November 7th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year sales of $953.03 million for the current fiscal year, with estimates ranging from $887.00 million to $1.03 billion. For the next year, analysts expect that the business will post sales of $1.16 billion, with estimates ranging from $1.08 billion to $1.27 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Extraction Oil & Gas had a negative return on equity of 3.82% and a net margin of 10.89%. The firm had revenue of $222.10 million during the quarter, compared to analysts’ expectations of $217.03 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm’s quarterly revenue was down 14.6% on a year-over-year basis.

XOG has been the topic of a number of analyst reports. Barclays initiated coverage on shares of Extraction Oil & Gas in a research report on Friday, August 30th. They issued an “underweight” rating and a $4.00 price objective on the stock. Citigroup cut their price objective on shares of Extraction Oil & Gas from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Monday, September 23rd. ValuEngine raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Friday, September 27th. Finally, Imperial Capital downgraded shares of Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $7.00 to $2.00 in a research report on Thursday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.54.

A number of large investors have recently added to or reduced their stakes in XOG. CoreCommodity Management LLC lifted its stake in Extraction Oil & Gas by 1.7% during the 2nd quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock valued at $1,257,000 after acquiring an additional 4,779 shares during the period. Wells Fargo & Company MN lifted its stake in Extraction Oil & Gas by 37.5% during the 2nd quarter. Wells Fargo & Company MN now owns 241,000 shares of the energy company’s stock valued at $1,043,000 after acquiring an additional 65,690 shares during the period. Balyasny Asset Management LLC lifted its stake in Extraction Oil & Gas by 388.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,136,707 shares of the energy company’s stock valued at $4,922,000 after acquiring an additional 903,812 shares during the period. Teza Capital Management LLC acquired a new stake in Extraction Oil & Gas during the 2nd quarter valued at approximately $119,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Extraction Oil & Gas by 35.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 614,349 shares of the energy company’s stock valued at $2,661,000 after acquiring an additional 161,623 shares during the period.

Shares of Extraction Oil & Gas stock opened at $2.11 on Friday. The firm’s 50 day moving average price is $3.17 and its 200-day moving average price is $3.90. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.90. Extraction Oil & Gas has a 52-week low of $2.10 and a 52-week high of $10.31. The company has a market cap of $365.70 million, a P/E ratio of -21.10 and a beta of 1.96.

Extraction Oil & Gas Company Profile

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

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