Q4 2017 EPS Estimates for Extraction Oil & Gas Inc (XOG) Reduced by KeyCorp

Extraction Oil & Gas Inc (NASDAQ:XOG) – KeyCorp decreased their Q4 2017 earnings estimates for shares of Extraction Oil & Gas in a research report issued to clients and investors on Thursday. KeyCorp analyst D. Deckelbaum now expects that the energy company will earn $0.02 per share for the quarter, down from their prior forecast of $0.05. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Extraction Oil & Gas’ FY2018 earnings at $0.41 EPS.

Extraction Oil & Gas (NASDAQ:XOG) last announced its 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 have also issued research reports about the stock. BidaskClub lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Credit Suisse Group initiated coverage on shares of Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 target price on the stock. SunTrust Banks set a $21.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, September 29th. Finally, Williams Capital reiterated a “buy” rating and set a $21.00 price target on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. 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 company’s stock. Extraction Oil & Gas presently has a consensus rating of “Hold” and an average target price of $19.58.

Extraction Oil & Gas (XOG) opened at $14.87 on Monday. Extraction Oil & Gas has a 52-week low of $11.31 and a 52-week high of $20.00. The stock has a market cap of $2,550.00 and a price-to-earnings ratio of -8.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97.

Several large investors have recently modified their holdings of XOG. Vanguard Group Inc. lifted its position in Extraction Oil & Gas by 87.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock worth $104,744,000 after buying an additional 3,641,505 shares in the last quarter. Citadel Advisors LLC lifted its position in Extraction Oil & Gas by 16,446.9% during the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after buying an additional 3,052,713 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Extraction Oil & Gas by 261.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,025,488 shares of the energy company’s stock worth $46,562,000 after buying an additional 2,188,488 shares in the last quarter. BlackRock Inc. lifted its position in 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 in the last quarter. Finally, Capital World Investors lifted its position in Extraction Oil & Gas by 25.3% during the 2nd quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after buying an additional 1,052,900 shares in the last quarter. Institutional investors own 89.17% of the company’s stock.

In other news, insider Matthew R. Owens sold 400,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total value of $5,924,000.00. Following the sale, the insider now owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

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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.

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

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