Equities researchers at Credit Suisse Group started coverage on shares of Extraction Oil & Gas (NASDAQ:XOG) in a research report issued on Monday, December 11th, Marketbeat.com reports. The brokerage set an “outperform” rating and a $19.00 price target on the energy company’s stock. Credit Suisse Group’s target price points to a potential upside of 25.00% from the company’s previous close.
A number of other brokerages also recently commented on XOG. 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. Royal Bank of Canada set a $16.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Thursday, August 24th. KeyCorp reissued a “buy” rating and issued a $17.00 price objective on shares of Extraction Oil & Gas in a research report on Tuesday, September 19th. Williams Capital reaffirmed a “buy” rating and set a $21.00 target price on shares of Extraction Oil & Gas in a report on Monday, October 2nd. Finally, Jefferies Group started coverage on shares of Extraction Oil & Gas in a report on Monday, October 9th. They set a “hold” rating and a $14.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Extraction Oil & Gas has a consensus rating of “Buy” and a consensus target price of $19.50.
Shares of Extraction Oil & Gas (NASDAQ XOG) traded up $0.25 during trading hours on Monday, hitting $15.20. 1,400,000 shares of the company were exchanged, compared to its average volume of 1,330,000. Extraction Oil & Gas has a fifty-two week low of $11.31 and a fifty-two week high of $21.40. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2,610.00 and a price-to-earnings ratio of -8.79.
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in Extraction Oil & Gas by 14.4% during the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after buying an additional 1,453 shares during the last quarter. Citigroup Inc. increased its holdings in Extraction Oil & Gas by 147.4% during the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock worth $120,000 after buying an additional 5,305 shares during the last quarter. Teachers Advisors LLC boosted its position in Extraction Oil & Gas by 23.5% during the first 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 during the period. Calamos Advisors LLC bought a new position in Extraction Oil & Gas during the third quarter worth about $156,000. Finally, BlueCrest Capital Management Ltd bought a new position in Extraction Oil & Gas during the second quarter worth about $144,000. Institutional investors own 89.17% of the company’s stock.
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.
