Extraction Oil & Gas Inc Expected to Post FY2017 Earnings of ($0.01) Per Share (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) – Stock analysts at SunTrust Banks issued their FY2017 earnings estimates for Extraction Oil & Gas in a research report issued on Wednesday. SunTrust Banks analyst W. Fitzpatrick forecasts that the energy company will post earnings per share of ($0.01) for the year. SunTrust Banks has a “Buy” rating and a $21.00 price objective on the stock. SunTrust Banks also issued estimates for Extraction Oil & Gas’ Q4 2017 earnings at $0.07 EPS, Q3 2018 earnings at $0.19 EPS and FY2018 earnings at $0.63 EPS.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). Extraction Oil & Gas had a negative return on equity of 14.60% and a negative net margin of 53.50%.

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Extraction Oil & Gas in a research note on Monday, December 11th. They set an “outperform” rating and a $19.00 target price for the company. Zacks Investment Research raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Friday, September 29th. Williams Capital reaffirmed a “buy” rating and set a $21.00 target price on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Extraction Oil & Gas in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.58.

Extraction Oil & Gas (NASDAQ:XOG) opened at $14.87 on Monday. Extraction Oil & Gas has a one year low of $11.31 and a one year high of $20.00. The stock has a market cap of $2,550.00 and a PE ratio of -8.60. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57.

In other news, insider Matthew R. Owens sold 400,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the sale, the insider now owns 1,081,051 shares in the company, valued at $16,010,365.31. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd purchased a new stake in shares of Extraction Oil & Gas during the second quarter valued at approximately $144,000. Vanguard Group Inc. grew 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 buying an additional 3,641,505 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Extraction Oil & Gas during the second quarter valued at approximately $5,915,000. Alyeska Investment Group L.P. boosted its holdings in Extraction Oil & Gas by 1.1% in the third quarter. Alyeska Investment Group L.P. now owns 2,300,000 shares of the energy company’s stock worth $35,397,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Extraction Oil & Gas by 2,942.1% in the second quarter. Ameriprise Financial Inc. now owns 539,525 shares of the energy company’s stock worth $7,257,000 after purchasing an additional 521,790 shares during the last quarter. Hedge funds and other institutional investors own 89.17% of the company’s stock.

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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.

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

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