Media stories about Extraction Oil & Gas (NASDAQ:XOG) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Extraction Oil & Gas earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 47.5113775138757 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Extraction Oil & Gas (XOG) Downgraded by ValuEngine to “Sell” (americanbankingnews.com)
- Q4 2017 EPS Estimates for Extraction Oil & Gas Inc Raised by Jefferies Group (XOG) (americanbankingnews.com)
- BP Says Two New Oil Discoveries Could Spark Major Uptick In North Sea Production (forbes.com)
- Q1 2018 EPS Estimates for Extraction Oil & Gas Inc Increased by Jefferies Group (XOG) (americanbankingnews.com)
- Extraction Oil & Gas Inc (XOG) Expected to Post Quarterly Sales of $198.01 Million (americanbankingnews.com)
Several brokerages have weighed in on XOG. BidaskClub downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 price objective on the stock. SunTrust Banks set a $21.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, October 27th. ValuEngine cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Williams Capital set a $21.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.54.
Shares of Extraction Oil & Gas (NASDAQ XOG) opened at $13.17 on Tuesday. The stock has a market cap of $2,260.00 and a P/E ratio of -7.61. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Extraction Oil & Gas has a 1 year low of $11.31 and a 1 year high of $19.22.
Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings results on Tuesday, November 7th. The energy company reported ($0.08) earnings per share for the quarter, missing the 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%. sell-side analysts expect that Extraction Oil & Gas will post -0.04 EPS for the current year.
In related 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 $16,010,365.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% 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.
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