Extraction Oil & Gas Inc (XOG) Expected to Post Quarterly Sales of $174.26 Million
Analysts expect that Extraction Oil & Gas Inc (NYSE:XOG) will announce sales of $174.26 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Extraction Oil & Gas’ earnings, with estimates ranging from $174.00 million to $174.52 million. Extraction Oil & Gas posted sales of $72.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 139%. The company is scheduled to issue its next earnings results on Monday, November 6th.
On average, analysts expect that Extraction Oil & Gas will report full-year sales of $174.26 million for the current fiscal year, with estimates ranging from $570.00 million to $578.52 million. For the next financial year, analysts forecast that the company will report sales of $1.06 billion per share, with estimates ranging from $1.04 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Extraction Oil & Gas.
Extraction Oil & Gas (NYSE:XOG) last announced its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $121.15 million. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The company’s revenue was up 83.2% on a year-over-year basis.
Several equities analysts have recently commented on the company. Royal Bank Of Canada set a $25.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets upgraded Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Citigroup Inc. cut their target price on Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Finally, ValuEngine lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.00.
A number of institutional investors and hedge funds have recently bought and sold shares of XOG. Citigroup Inc. grew its stake in Extraction Oil & Gas by 147.4% in the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after purchasing an additional 5,305 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Extraction Oil & Gas in the second quarter worth about $144,000. Great West Life Assurance Co. Can acquired a new stake in Extraction Oil & Gas in the second quarter worth about $148,000. Legal & General Group Plc boosted its holdings in Extraction Oil & Gas by 14.4% in the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after acquiring an additional 1,453 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Extraction Oil & Gas in the second quarter worth about $190,000.
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Extraction Oil & Gas (XOG) opened at 13.35 on Friday. Extraction Oil & Gas has a 52 week low of $11.31 and a 52 week high of $25.08. The company has a 50-day moving average of $12.20 and a 200-day moving average of $14.89.
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.
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