Q4 2020 EPS Estimates for Extraction Oil & Gas Inc Cut by Imperial Capital (NASDAQ:XOG)

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Extraction Oil & Gas Inc (NASDAQ:XOG) – Research analysts at Imperial Capital cut their Q4 2020 earnings per share (EPS) estimates for shares of Extraction Oil & Gas in a research report issued on Monday, November 11th. Imperial Capital analyst I. Haas now forecasts that the energy company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.03. Imperial Capital currently has a “Underperform” rating and a $2.00 target price on the stock.

A number of other brokerages have also recently commented on XOG. ValuEngine raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. BidaskClub cut Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, September 27th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Extraction Oil & Gas in a research note on Monday, October 14th. Citigroup cut Extraction Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.50 to $2.50 in a research note on Monday. Finally, Royal Bank of Canada set a $8.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.22.

XOG stock traded up $0.12 during mid-day trading on Tuesday, reaching $1.99. 5,930 shares of the stock traded hands, compared to its average volume of 3,965,651. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.87. Extraction Oil & Gas has a 52-week low of $1.66 and a 52-week high of $8.55. The company has a market cap of $296.67 million, a P/E ratio of -19.90 and a beta of 1.87. The stock’s fifty day moving average is $2.45 and its 200-day moving average is $3.56.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position 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 buying an additional 2,368,035 shares during the period. Luminus Management LLC increased its position in Extraction Oil & Gas by 4.6% during the 2nd quarter. Luminus Management LLC now owns 11,714,665 shares of the energy company’s stock worth $50,725,000 after buying an additional 514,665 shares during the period. Vanguard Group Inc. increased its position in Extraction Oil & Gas by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,312,447 shares of the energy company’s stock worth $44,653,000 after buying an additional 150,768 shares during the period. Morgan Stanley increased its position 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 buying an additional 3,322,422 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of Extraction Oil & Gas by 25.0% in the second quarter. Nuveen Asset Management LLC now owns 5,972,234 shares of the energy company’s stock worth $25,860,000 after purchasing an additional 1,194,395 shares during the period.

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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