Extraction Oil & Gas (XOG) Shares Down 6.8%

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Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) dropped 6.8% on Friday . The stock traded as low as $4.70 and last traded at $4.82. Approximately 5,214,256 shares traded hands during trading, an increase of 12% from the average daily volume of 4,662,093 shares. The stock had previously closed at $5.17.

XOG has been the topic of several recent research reports. Williams Capital set a $8.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Imperial Capital set a $12.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, February 22nd. Citigroup decreased their target price on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, March 12th. BidaskClub upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, ValuEngine upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Extraction Oil & Gas presently has an average rating of “Hold” and an average target price of $12.25.

The stock has a market cap of $875.36 million, a P/E ratio of -48.20 and a beta of 1.51. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Thursday, February 21st. The energy company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.40). The firm had revenue of $288.17 million during the quarter, compared to analyst estimates of $271.82 million. Extraction Oil & Gas had a net margin of 11.11% and a negative return on equity of 2.08%. As a group, equities research analysts forecast that Extraction Oil & Gas Inc will post 0.09 EPS for the current fiscal year.

In other news, Director Donald L. Evans purchased 40,000 shares of Extraction Oil & Gas stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $4.25 per share, for a total transaction of $170,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Credit Suisse AG raised its stake in shares of Extraction Oil & Gas by 12.8% in the third quarter. Credit Suisse AG now owns 73,460 shares of the energy company’s stock worth $829,000 after acquiring an additional 8,332 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Extraction Oil & Gas in the third quarter worth about $593,000. Nordea Investment Management AB bought a new position in shares of Extraction Oil & Gas in the third quarter worth about $4,530,000. Penn Capital Management Co. Inc. bought a new position in shares of Extraction Oil & Gas in the third quarter worth about $203,000. Finally, Lombard Odier Asset Management USA Corp raised its stake in shares of Extraction Oil & Gas by 30.9% in the third quarter. Lombard Odier Asset Management USA Corp now owns 419,000 shares of the energy company’s stock worth $4,731,000 after acquiring an additional 99,000 shares during the last quarter.

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Extraction Oil & Gas Company Profile (NASDAQ:XOG)

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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