Shares of Extraction Oil & Gas Inc (NYSE:XOG) have earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.70.

XOG has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $16.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Citigroup Inc. decreased their price target on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a report on Friday, July 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a $23.00 price target on shares of Extraction Oil & Gas in a report on Friday, June 2nd. Finally, Barclays PLC reaffirmed a “buy” rating and set a $24.00 price target on shares of Extraction Oil & Gas in a report on Wednesday, May 24th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of Extraction Oil & Gas by 198.6% during the second quarter. Public Employees Retirement System of Ohio now owns 53,422 shares of the energy company’s stock worth $719,000 after purchasing an additional 35,531 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Extraction Oil & Gas by 152.5% during the second quarter. California State Teachers Retirement System now owns 221,674 shares of the energy company’s stock worth $2,982,000 after purchasing an additional 133,874 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Extraction Oil & Gas during the second quarter worth about $144,000. State Street Corp increased its position in shares of Extraction Oil & Gas by 46.0% during the second quarter. State Street Corp now owns 2,631,506 shares of the energy company’s stock worth $35,393,000 after purchasing an additional 829,547 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Extraction Oil & Gas by 25.3% during the second quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after purchasing an additional 1,052,900 shares in the last quarter.

Shares of Extraction Oil & Gas (NYSE XOG) traded down 2.47% on Friday, reaching $13.02. The company had a trading volume of 1,334,907 shares. 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 $12.21 and a 200-day moving average of $14.88.

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 during the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm’s revenue for the quarter was up 83.2% compared to the same quarter last year. On average, analysts expect that Extraction Oil & Gas will post $0.02 EPS for the current year.

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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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