Analysts Expect Extraction Oil & Gas Inc (NASDAQ:XOG) to Announce -$0.15 Earnings Per Share

Brokerages expect Extraction Oil & Gas Inc (NASDAQ:XOG) to report earnings of ($0.15) per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Extraction Oil & Gas’ earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.08). Extraction Oil & Gas posted earnings of $0.03 per share in the same quarter last year, which would indicate a negative year over year growth rate of 600%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, November 7th.

On average, analysts expect that Extraction Oil & Gas will report full year earnings of ($0.37) per share for the current fiscal year, with EPS estimates ranging from ($0.48) to ($0.05). For the next year, analysts expect that the company will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.39) to $0.17. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Extraction Oil & Gas.

XOG has been the subject of a number of recent research reports. ValuEngine raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays began coverage on shares of Extraction Oil & Gas in a research note on Friday, August 30th. They set an “underweight” rating and a $4.00 price target on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Extraction Oil & Gas in a research note on Monday, October 14th. Finally, Imperial Capital cut shares of Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $7.00 to $2.00 in a report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Extraction Oil & Gas presently has a consensus rating of “Hold” and an average target price of $6.30.

Several hedge funds and other institutional investors have recently modified their holdings of the company. CoreCommodity Management LLC grew its stake in Extraction Oil & Gas by 1.7% in the 2nd quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock valued at $1,257,000 after acquiring an additional 4,779 shares during the period. Wells Fargo & Company MN grew its stake in Extraction Oil & Gas by 37.5% in the 2nd quarter. Wells Fargo & Company MN now owns 241,000 shares of the energy company’s stock valued at $1,043,000 after acquiring an additional 65,690 shares during the period. Balyasny Asset Management LLC grew its stake in Extraction Oil & Gas by 388.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,136,707 shares of the energy company’s stock valued at $4,922,000 after acquiring an additional 903,812 shares during the period. Teza Capital Management LLC acquired a new stake in Extraction Oil & Gas in the 2nd quarter valued at $119,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Extraction Oil & Gas by 35.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 614,349 shares of the energy company’s stock valued at $2,661,000 after acquiring an additional 161,623 shares during the period.

Extraction Oil & Gas stock traded down $0.09 during trading hours on Friday, reaching $2.14. The stock had a trading volume of 3,373,700 shares, compared to its average volume of 4,234,410. The company has a fifty day simple moving average of $2.52 and a 200-day simple moving average of $3.61. The stock has a market cap of $311.30 million, a PE ratio of -21.40 and a beta of 1.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.35 and a quick ratio of 0.32. Extraction Oil & Gas has a 52 week low of $1.66 and a 52 week high of $8.55.

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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

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

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