Extraction Oil & Gas (XOG) Given “Hold” Rating at Jefferies Group

Extraction Oil & Gas (NASDAQ:XOG)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a report released on Monday. They presently have a $13.00 target price on the energy company’s stock. Jefferies Group’s price target would suggest a potential upside of 11.02% from the company’s current price. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.60 EPS.

Other analysts have also recently issued research reports about the company. BidaskClub cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 price objective for the company. Williams Capital set a $21.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, December 19th. ValuEngine cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Macquarie initiated coverage on Extraction Oil & Gas in a research report on Thursday, January 25th. They set an “outperform” rating and a $19.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Extraction Oil & Gas has a consensus rating of “Buy” and an average target price of $19.46.

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Extraction Oil & Gas stock traded down $0.28 during trading on Monday, reaching $11.71. The company had a trading volume of 632,486 shares, compared to its average volume of 1,386,393. The stock has a market cap of $2,211.33, a PE ratio of -34.26 and a beta of 1.34. Extraction Oil & Gas has a 1 year low of $11.31 and a 1 year high of $19.03. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 0.63.

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

Institutional investors have recently added to or reduced their stakes in the stock. Centenus Global Management LP acquired a new position in Extraction Oil & Gas during the 4th quarter worth approximately $3,842,000. Alyeska Investment Group L.P. lifted its position in Extraction Oil & Gas by 1.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,300,000 shares of the energy company’s stock worth $35,397,000 after acquiring an additional 25,000 shares in the last quarter. American Century Companies Inc. lifted its position in Extraction Oil & Gas by 4.6% during the 4th quarter. American Century Companies Inc. now owns 636,195 shares of the energy company’s stock worth $9,104,000 after acquiring an additional 27,707 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 acquiring an additional 3,052,713 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Extraction Oil & Gas by 40.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 760,408 shares of the energy company’s stock worth $11,703,000 after acquiring an additional 220,883 shares in the last quarter. 88.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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