Wall Street analysts forecast that Extraction Oil & Gas Inc (NYSE:XOG) will post sales of $125.36 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Extraction Oil & Gas’ earnings, with the lowest sales estimate coming in at $116.00 million and the highest estimate coming in at $132.57 million. The business is expected to announce its next earnings report after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full year sales of $125.36 million for the current financial year, with estimates ranging from $588.00 million to $667.78 million. For the next financial year, analysts anticipate that the business will report sales of $1.17 billion per share, with estimates ranging from $1.11 billion to $1.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NYSE:XOG) last issued its quarterly earnings results on Tuesday, May 9th. The energy company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.21. The business had revenue of $89.60 million for the quarter, compared to analysts’ expectations of $75.66 million. Extraction Oil & Gas had a net margin of 9.72% and a return on equity of 2.15%. The company’s quarterly revenue was up 98.7% compared to the same quarter last year.

A number of brokerages have recently issued reports on XOG. Royal Bank Of Canada set a $25.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Saturday, April 15th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Extraction Oil & Gas in a report on Thursday, March 16th. Barclays PLC reiterated an “overweight” rating and set a $22.00 target price (down previously from $24.00) on shares of Extraction Oil & Gas in a report on Saturday, April 22nd. KLR Group began coverage on Extraction Oil & Gas in a report on Thursday, March 23rd. They set a “buy” rating and a $31.00 target price for the company. Finally, BMO Capital Markets began coverage on Extraction Oil & Gas in a report on Friday, May 19th. They set a “market perform” rating and a $19.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.82.

ILLEGAL ACTIVITY WARNING: “Extraction Oil & Gas Inc (NYSE:XOG) Expected to Post Quarterly Sales of $125.36 Million” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/07/09/extraction-oil-gas-inc-nysexog-expected-to-post-quarterly-sales-of-125-36-million.html.

Hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC boosted its stake in shares of Extraction Oil & Gas by 38.3% in the first quarter. Clearbridge Investments LLC now owns 191,700 shares of the energy company’s stock worth $3,556,000 after buying an additional 53,086 shares during the last quarter. UBS Oconnor LLC raised its position in Extraction Oil & Gas by 295.9% in the first quarter. UBS Oconnor LLC now owns 870,898 shares of the energy company’s stock valued at $16,155,000 after buying an additional 650,897 shares during the period. Goldman Sachs Group Inc. raised its position in Extraction Oil & Gas by 192.8% in the first quarter. Goldman Sachs Group Inc. now owns 436,054 shares of the energy company’s stock valued at $8,088,000 after buying an additional 287,118 shares during the period. Credit Suisse AG bought a new position in Extraction Oil & Gas during the first quarter valued at approximately $640,000. Finally, GeoSphere Capital Management raised its position in Extraction Oil & Gas by 18.6% in the first quarter. GeoSphere Capital Management now owns 200,000 shares of the energy company’s stock valued at $3,710,000 after buying an additional 31,345 shares during the period.

Shares of Extraction Oil & Gas (NYSE XOG) traded up 0.40% during mid-day trading on Friday, hitting $12.59. 1,319,540 shares of the stock traded hands. The stock has a 50 day moving average price of $14.69 and a 200-day moving average price of $17.13. Extraction Oil & Gas has a one year low of $11.73 and a one year high of $25.08.

About Extraction Oil & Gas

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.

Get a free copy of the Zacks research report on Extraction Oil & Gas (XOG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Extraction Oil & Gas (NYSE:XOG)

Receive News & Ratings for Extraction Oil & Gas Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extraction Oil & Gas Inc and related companies with MarketBeat.com's FREE daily email newsletter.