Extraction Oil & Gas Inc (XOG) is Portolan Capital Management LLC’s 9th Largest Position

Portolan Capital Management LLC boosted its position in Extraction Oil & Gas Inc (NASDAQ:XOG) by 47.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,590,827 shares of the energy company’s stock after purchasing an additional 514,719 shares during the period. Extraction Oil & Gas makes up about 2.4% of Portolan Capital Management LLC’s portfolio, making the stock its 9th largest holding. Portolan Capital Management LLC owned 0.91% of Extraction Oil & Gas worth $23,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in Extraction Oil & Gas by 10.7% in the first quarter. Sei Investments Co. now owns 38,245 shares of the energy company’s stock worth $438,000 after purchasing an additional 3,685 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Extraction Oil & Gas by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock valued at $194,000 after acquiring an additional 3,780 shares during the last quarter. LPL Financial LLC lifted its position in shares of Extraction Oil & Gas by 22.6% during the 1st quarter. LPL Financial LLC now owns 25,859 shares of the energy company’s stock valued at $296,000 after acquiring an additional 4,771 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Extraction Oil & Gas by 37.1% during the 1st quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock valued at $263,000 after acquiring an additional 6,218 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Extraction Oil & Gas by 4.5% during the 1st quarter. Swiss National Bank now owns 179,500 shares of the energy company’s stock valued at $2,057,000 after acquiring an additional 7,700 shares during the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

XOG has been the subject of a number of recent research reports. TheStreet upgraded Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research report on Thursday, May 17th. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Jefferies Financial Group set a $16.00 price objective on Extraction Oil & Gas and gave the company a “hold” rating in a research report on Friday, July 13th. Finally, Macquarie downgraded Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.33.

XOG opened at $10.83 on Friday. The firm has a market capitalization of $1.90 billion, a PE ratio of 361.00 and a beta of 0.75. Extraction Oil & Gas Inc has a 12-month low of $10.28 and a 12-month high of $17.42. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83.

Extraction Oil & Gas (NASDAQ:XOG) last released its earnings results on Tuesday, August 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $234.15 million. Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. sell-side analysts anticipate that Extraction Oil & Gas Inc will post 0.52 EPS for the current fiscal year.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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