Brokerages Expect Extraction Oil & Gas Inc (NASDAQ:XOG) Will Announce Earnings of -$0.06 Per Share
Equities analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to post earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Extraction Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.10). Extraction Oil & Gas reported earnings per share of ($0.30) during the same quarter last year, which suggests a positive year over year growth rate of 80%. The business is expected to report its next earnings results after the market closes on Thursday, March 5th.
On average, analysts expect that Extraction Oil & Gas will report full-year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.23). For the next year, analysts forecast that the business will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.59) to ($0.25). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Extraction Oil & Gas.
A number of analysts have recently commented on XOG shares. Imperial Capital cut shares of Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $2.00 in a report on Thursday, October 17th. SunTrust Banks restated a “buy” rating and set a $5.00 target price on shares of Extraction Oil & Gas in a report on Tuesday, January 21st. Williams Capital restated a “buy” rating and set a $5.50 target price on shares of Extraction Oil & Gas in a report on Friday, November 8th. Credit Suisse Group cut shares of Extraction Oil & Gas from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 22nd. Finally, Siebert Williams Shank cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating and dropped their target price for the company from $5.50 to $2.00 in a report on Monday, January 27th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Extraction Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $4.07.
Shares of XOG stock traded down $0.07 during mid-day trading on Friday, reaching $0.95. 1,379,853 shares of the company’s stock traded hands, compared to its average volume of 2,023,808. Extraction Oil & Gas has a 12 month low of $0.92 and a 12 month high of $5.67. The company has a market cap of $156.68 million, a P/E ratio of 2.32 and a beta of 2.07. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $1.75 and its 200-day moving average price is $2.48.
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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