Williams Capital Reiterates “$15.00” Price Target for Extraction Oil & Gas (XOG)

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Williams Capital set a $15.00 price target on Extraction Oil & Gas (NASDAQ:XOG) in a report released on Wednesday. The brokerage currently has a buy rating on the energy company’s stock.

A number of other research firms also recently issued reports on XOG. Macquarie downgraded shares of Extraction Oil & Gas from an outperform rating to a neutral rating and set a $17.00 price target on the stock. in a research report on Tuesday, August 7th. KLR Group restated a buy rating and issued a $25.00 price target on shares of Extraction Oil & Gas in a research report on Monday, August 20th. BidaskClub downgraded shares of Extraction Oil & Gas from a sell rating to a strong sell rating in a research report on Wednesday, October 24th. TheStreet downgraded shares of Extraction Oil & Gas from a c- rating to a d+ rating in a research report on Tuesday, August 14th. Finally, Jefferies Financial Group set a $16.00 price target on shares of Extraction Oil & Gas and gave the stock a hold rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $16.40.

XOG stock traded down $0.22 during mid-day trading on Wednesday, hitting $8.43. 2,911,130 shares of the company were exchanged, compared to its average volume of 5,452,701. The firm has a market cap of $1.66 billion, a P/E ratio of 280.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.85 and a quick ratio of 0.37. Extraction Oil & Gas has a twelve month low of $7.20 and a twelve month high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). The company had revenue of $282.20 million for the quarter, compared to analyst estimates of $256.67 million. Extraction Oil & Gas had a positive return on equity of 2.07% and a negative net margin of 0.87%. Extraction Oil & Gas’s revenue was up 56.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) earnings per share. On average, sell-side analysts expect that Extraction Oil & Gas will post 0.2 EPS for the current year.

Large investors have recently modified their holdings of the stock. Aperio Group LLC bought a new stake in Extraction Oil & Gas in the 2nd quarter valued at about $158,000. State of Alaska Department of Revenue lifted its position in Extraction Oil & Gas by 40.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock valued at $194,000 after purchasing an additional 3,780 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Extraction Oil & Gas in the 1st quarter valued at about $181,000. Strs Ohio bought a new stake in Extraction Oil & Gas in the 2nd quarter valued at about $252,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Extraction Oil & Gas during the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.

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. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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

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