Extraction Oil & Gas Inc (NYSE:XOG) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Extraction Oil & Gas in a report released on Monday. Jefferies Group analyst M. Lear forecasts that the energy company will post earnings of ($0.08) per share for the quarter. Jefferies Group currently has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.78 EPS.

Other equities research analysts have also issued research reports about the stock. Williams Capital reissued a “buy” rating and set a $21.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. Citigroup Inc. dropped their price objective on shares of 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. BMO Capital Markets raised shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, September 29th. Finally, KeyCorp reissued a “buy” rating and set a $17.00 price objective on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.46.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/12/q3-2017-earnings-forecast-for-extraction-oil-gas-inc-issued-by-jefferies-group-xog.html.

Extraction Oil & Gas (XOG) opened at 15.60 on Thursday. The stock’s 50 day moving average is $14.65 and its 200-day moving average is $14.65. Extraction Oil & Gas has a 52-week low of $11.31 and a 52-week high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings data 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 business’s revenue for the quarter was up 83.2% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of XOG. BlackRock Inc. raised its holdings in Extraction Oil & Gas by 743.0% in the first quarter. BlackRock Inc. now owns 9,822,422 shares of the energy company’s stock worth $182,206,000 after buying an additional 8,657,191 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Extraction Oil & Gas by 87.8% during the second quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after purchasing an additional 3,641,505 shares during the last quarter. FMR LLC raised its holdings in shares of Extraction Oil & Gas by 14.8% during the first quarter. FMR LLC now owns 12,944,940 shares of the energy company’s stock valued at $240,129,000 after purchasing an additional 1,667,142 shares during the last quarter. State Street Corp raised its holdings in shares of Extraction Oil & Gas by 437.2% during the first quarter. State Street Corp now owns 1,801,959 shares of the energy company’s stock valued at $33,423,000 after purchasing an additional 1,466,541 shares during the last quarter. Finally, Capital World Investors raised its holdings 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 valued at $70,155,000 after purchasing an additional 1,052,900 shares during 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.

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.