$269.79 Million in Sales Expected for Extraction Oil & Gas Inc (NASDAQ:XOG) This Quarter

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Equities analysts expect that Extraction Oil & Gas Inc (NASDAQ:XOG) will announce $269.79 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Extraction Oil & Gas’ earnings, with the highest sales estimate coming in at $275.00 million and the lowest estimate coming in at $265.92 million. Extraction Oil & Gas posted sales of $288.17 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year sales of $917.04 million for the current fiscal year, with estimates ranging from $906.87 million to $944.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $992.48 million, with estimates ranging from $983.39 million to $1.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. The company had revenue of $196.97 million during the quarter, compared to analysts’ expectations of $225.88 million. Extraction Oil & Gas had a negative return on equity of 5.60% and a net margin of 10.06%.

Several equities research analysts have issued reports on XOG shares. Citigroup cut Extraction Oil & Gas from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.50 to $2.50 in a research note on Monday, November 11th. Stephens cut Extraction Oil & Gas from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $6.00 to $4.00 in a research note on Wednesday, October 16th. Imperial Capital cut Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $7.00 to $2.00 in a research note on Thursday, October 17th. Barclays started coverage on Extraction Oil & Gas in a research note on Friday, August 30th. They set an “underweight” rating and a $4.00 target price for the company. Finally, Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Extraction Oil & Gas currently has an average rating of “Hold” and an average price target of $5.00.

XOG stock traded up $0.16 during midday trading on Tuesday, hitting $1.75. 2,595,818 shares of the company’s stock were exchanged, compared to its average volume of 2,024,804. The business has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $3.21. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $220.42 million, a PE ratio of -17.50 and a beta of 1.80. Extraction Oil & Gas has a 1-year low of $1.33 and a 1-year high of $5.72.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Extraction Oil & Gas by 21.2% in the second quarter. BlackRock Inc. now owns 13,548,451 shares of the energy company’s stock valued at $58,665,000 after buying an additional 2,368,035 shares in the last quarter. Luminus Management LLC grew its stake in shares of Extraction Oil & Gas by 4.6% in the second quarter. Luminus Management LLC now owns 11,714,665 shares of the energy company’s stock valued at $50,725,000 after buying an additional 514,665 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Extraction Oil & Gas by 1.5% in the second quarter. Vanguard Group Inc. now owns 10,312,447 shares of the energy company’s stock valued at $44,653,000 after purchasing an additional 150,768 shares during the period. Morgan Stanley boosted its holdings in Extraction Oil & Gas by 95.9% in the second quarter. Morgan Stanley now owns 6,787,696 shares of the energy company’s stock valued at $29,391,000 after purchasing an additional 3,322,422 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in 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 valued at $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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