Extraction Oil & Gas Inc (NYSE:XOG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

A number of other brokerages have also weighed in on XOG. Williams Capital restated a “buy” rating and issued a $21.00 target price on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. Citigroup Inc. lowered their target price on Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. BMO Capital Markets upgraded Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 7th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and set a $17.00 target price on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. Finally, BidaskClub cut Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.46.

Shares of Extraction Oil & Gas (NYSE:XOG) opened at 14.60 on Wednesday. The company’s market cap is $2.51 billion. The firm’s 50-day moving average is $14.88 and its 200 day moving average is $14.88. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last announced its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. The firm’s revenue for the quarter was up 83.2% on a year-over-year basis. Equities analysts expect that Extraction Oil & Gas will post $0.01 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. YT Extraction Co Investment Partners LP bought a new stake in shares of Extraction Oil & Gas during the 4th quarter valued at $407,629,000. Yorktown Energy Partners X L.P. bought a new stake in shares of Extraction Oil & Gas during the 4th quarter worth $351,787,000. OZ Management LP bought a new stake in shares of Extraction Oil & Gas during the 1st quarter worth $309,828,000. FMR LLC lifted its position in shares of Extraction Oil & Gas by 14.8% during the 1st quarter. FMR LLC now owns 12,944,940 shares of the energy company’s stock worth $240,129,000 after buying an additional 1,667,142 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Extraction Oil & Gas by 16.4% during the 2nd quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock worth $153,792,000 after buying an additional 1,612,047 shares during the last quarter.

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.

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

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