Extraction Oil & Gas Inc (NYSE:XOG) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $17.00 price objective on the energy company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.97% from the company’s previous close.

According to Zacks, “Extraction Oil & Gas, Inc. is an oil and gas company. It focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Extraction Oil & Gas, Inc. is based in Denver, United States. “

Other equities analysts also recently issued reports about the stock. Barclays PLC set a $20.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday. SunTrust Banks, Inc. set a $20.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Royal Bank Of Canada set a $25.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, June 24th. KeyCorp reaffirmed a “buy” rating and issued a $17.00 target price on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. Finally, BMO Capital Markets raised shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, August 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.46.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The company had revenue of $119.80 million during the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas’s quarterly revenue was up 83.2% on a year-over-year basis.

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A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in Extraction Oil & Gas by 2.4% in the 1st quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock valued at $329,000 after acquiring an additional 420 shares during the period. Legal & General Group Plc grew its position in shares of Extraction Oil & Gas by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after purchasing an additional 1,453 shares in the last quarter. Stifel Financial Corp grew its position in shares of Extraction Oil & Gas by 2.8% during the 1st quarter. Stifel Financial Corp now owns 59,700 shares of the energy company’s stock worth $1,111,000 after purchasing an additional 1,600 shares in the last quarter. Citigroup Inc. grew its position in shares of Extraction Oil & Gas by 147.4% during the 2nd quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock worth $120,000 after purchasing an additional 5,305 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Extraction Oil & Gas by 23.5% during the 1st quarter. Teachers Advisors LLC now owns 46,809 shares of the energy company’s stock worth $868,000 after purchasing an additional 8,899 shares in the last quarter.

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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Analyst Recommendations for Extraction Oil & Gas (NYSE:XOG)

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