Extraction Oil & Gas Inc (XOG) Coverage Initiated at Jefferies Group LLC

Jefferies Group LLC assumed coverage on shares of Extraction Oil & Gas Inc (NYSE:XOG) in a report published on Monday, MarketBeat Ratings reports. The firm issued a hold rating and a $14.00 target price on the energy company’s stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.78 EPS.

Several other equities research analysts have also issued reports on XOG. Royal Bank Of Canada set a $25.00 price objective on shares of Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, June 24th. Williams Capital reaffirmed a buy rating and issued a $21.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a buy rating to a hold rating in a report on Saturday, September 30th. BMO Capital Markets upgraded shares of Extraction Oil & Gas from a market perform rating to an outperform rating and set a $17.00 target price on the stock in a report on Monday, August 7th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a buy rating and issued a $17.00 target price on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $20.46.

Shares of Extraction Oil & Gas (XOG) opened at 15.61 on Monday. The company has a 50-day moving average price of $14.69 and a 200 day moving average price of $14.69. Extraction Oil & Gas has a one year low of $11.31 and a one year high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. The business’s revenue was up 83.2% on a year-over-year basis. On average, equities research analysts expect that Extraction Oil & Gas will post $0.01 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of Extraction Oil & Gas by 62.3% during the 1st quarter. Russell Investments Group Ltd. now owns 100,994 shares of the energy company’s stock worth $1,873,000 after purchasing an additional 38,765 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Extraction Oil & Gas by 59.9% during the 1st quarter. Bank of New York Mellon Corp now owns 130,874 shares of the energy company’s stock worth $2,428,000 after purchasing an additional 49,019 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Extraction Oil & Gas by 2.4% during the 1st quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock worth $329,000 after purchasing an additional 420 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Extraction Oil & Gas by 23.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 60,131 shares of the energy company’s stock worth $1,115,000 after purchasing an additional 11,585 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Extraction Oil & Gas by 45.2% during the 1st quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock worth $1,535,000 after purchasing an additional 25,782 shares during the period.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

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

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