-$0.04 EPS Expected for Extraction Oil & Gas Inc (NASDAQ:XOG) This Quarter

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Brokerages predict that Extraction Oil & Gas Inc (NASDAQ:XOG) will report earnings of ($0.04) per share for the current quarter, Zacks reports. Four analysts have made estimates for Extraction Oil & Gas’ earnings. The lowest EPS estimate is ($0.13) and the highest is $0.05. 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 86.7%. The company is expected to issue its next earnings report on Thursday, February 20th.

On average, analysts expect that Extraction Oil & Gas will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.50) to $0.04. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.32) per share, with EPS estimates ranging from ($0.57) to ($0.03). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.03. Extraction Oil & Gas had a negative return on equity of 5.60% and a net margin of 10.06%. The firm had revenue of $196.97 million for the quarter, compared to analyst estimates of $225.88 million.

A number of analysts have recently commented on the company. BidaskClub lowered Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, September 27th. ValuEngine raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Citigroup lowered Extraction Oil & Gas from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.50 to $2.50 in a research note on Monday, November 11th. Stephens lowered Extraction Oil & Gas from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $6.00 to $4.00 in a research note on Wednesday, October 16th. Finally, Imperial Capital lowered Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and cut their price target for the company from $7.00 to $2.00 in a research note on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.22.

Shares of XOG stock traded down $0.12 during mid-day trading on Friday, reaching $1.44. 1,550,466 shares of the stock traded hands, compared to its average volume of 2,281,637. The stock’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $3.30. Extraction Oil & Gas has a 1-year low of $1.41 and a 1-year high of $6.28. The company has a market cap of $216.26 million, a price-to-earnings ratio of -14.40 and a beta of 1.87. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.87.

Several institutional investors have recently bought and sold shares of XOG. First Trust Advisors LP lifted its stake in shares of Extraction Oil & Gas by 73.1% in the first quarter. First Trust Advisors LP now owns 808,686 shares of the energy company’s stock worth $3,421,000 after acquiring an additional 341,607 shares during the period. Aperio Group LLC lifted its stake in shares of Extraction Oil & Gas by 184.4% in the second quarter. Aperio Group LLC now owns 136,569 shares of the energy company’s stock worth $591,000 after acquiring an additional 88,546 shares during the period. Swiss National Bank lifted its stake in shares of Extraction Oil & Gas by 7.7% in the second quarter. Swiss National Bank now owns 207,500 shares of the energy company’s stock worth $898,000 after acquiring an additional 14,800 shares during the period. Caymus Capital Partners L.P. acquired a new position in shares of Extraction Oil & Gas in the second quarter worth approximately $7,698,000. Finally, Signition LP acquired a new position in shares of Extraction Oil & Gas in the second quarter worth approximately $61,000.

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. 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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