EXTRACTION O&G (NYSE:XOG) Lifted to Buy at BidaskClub

EXTRACTION O&G (NASDAQ:XOG) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, November 1st.

A number of other equities research analysts have also issued reports on XOG. Zacks Investment Research raised shares of EXTRACTION O&G from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, October 12th. Barclays PLC set a $20.00 price target on shares of EXTRACTION O&G and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Williams Capital restated a “buy” rating and set a $21.00 target price on shares of EXTRACTION O&G in a research note on Monday, October 2nd. Jefferies Group LLC initiated coverage on shares of EXTRACTION O&G in a research note on Monday, October 9th. They issued a “hold” rating and a $14.00 price target on the stock. Finally, SunTrust Banks, Inc. set a $21.00 target price on shares of EXTRACTION O&G and gave the stock a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.83.

Shares of EXTRACTION O&G (NASDAQ XOG) traded down $0.19 during midday trading on Wednesday, reaching $15.36. 1,331,736 shares of the company’s stock traded hands, compared to its average volume of 1,307,550. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57. EXTRACTION O&G has a twelve month low of $11.31 and a twelve month high of $25.08.

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Several institutional investors have recently made changes to their positions in XOG. Point72 Asset Management L.P. raised its position in EXTRACTION O&G by 261.5% during the third quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock valued at $46,562,000 after buying an additional 2,188,488 shares during the period. Janus Henderson Group PLC acquired a new position in EXTRACTION O&G in the 3rd quarter worth about $1,189,000. Jane Street Group LLC acquired a new position in EXTRACTION O&G in the 3rd quarter worth about $210,000. Alyeska Investment Group L.P. increased its position in EXTRACTION O&G by 1.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,300,000 shares of the energy company’s stock worth $35,397,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Boston Private Wealth LLC acquired a new position in shares of EXTRACTION O&G during the 3rd quarter valued at about $8,403,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

EXTRACTION O&G 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 O&G (NASDAQ:XOG)

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