Wall Street brokerages expect that Extraction Oil & Gas Inc (NYSE:XOG) will report $171.16 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Extraction Oil & Gas’ earnings. The lowest sales estimate is $163.00 million and the highest is $175.49 million. Extraction Oil & Gas posted sales of $72.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 134.8%. The business is expected to announce its next earnings report after the market closes on Tuesday, November 7th.

On average, analysts expect that Extraction Oil & Gas will report full year sales of $171.16 million for the current year, with estimates ranging from $554.00 million to $571.00 million. For the next financial year, analysts expect that the business will report sales of $1.05 billion per share, with estimates ranging from $1.02 billion to $1.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $119.80 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 83.2% on a year-over-year basis.

A number of brokerages have weighed in on XOG. Citigroup Inc. decreased their price objective on shares of Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. 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 report on Saturday, July 22nd. BMO Capital Markets upgraded shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada set a $16.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Extraction Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $20.54.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its position in shares of Extraction Oil & Gas by 8.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 147,181 shares of the energy company’s stock worth $2,265,000 after purchasing an additional 11,960 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Extraction Oil & Gas during the 3rd quarter worth about $156,000. Public Employees Retirement System of Ohio raised its position in shares of Extraction Oil & Gas by 198.6% during the 2nd 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 during the last quarter. California State Teachers Retirement System raised its position in shares of Extraction Oil & Gas by 152.5% during the 2nd 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 during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Extraction Oil & Gas during the 2nd quarter worth about $144,000.

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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.

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Earnings History and Estimates for Extraction Oil & Gas (NYSE:XOG)

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