Extraction Oil & Gas Inc (NYSE:XOG) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday. The firm currently has a $17.00 price target on the energy company’s stock. BMO Capital Markets’ target price points to a potential upside of 46.68% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, June 20th. Royal Bank Of Canada set a $25.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Saturday, April 15th. Barclays PLC reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Extraction Oil & Gas in a research report on Wednesday, May 24th. Citigroup Inc. lowered their price objective on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, SunTrust Banks, Inc. set a $20.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.82.

Extraction Oil & Gas (NYSE XOG) opened at 11.59 on Monday. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $25.08. The company’s 50-day moving average price is $12.96 and its 200 day moving average price is $15.98.

Extraction Oil & Gas (NYSE:XOG) last announced its quarterly earnings data on Tuesday, May 9th. The energy company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.21. The business had revenue of $89.60 million during the quarter, compared to the consensus estimate of $75.66 million. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The company’s quarterly revenue was up 98.7% on a year-over-year basis. Equities research analysts anticipate that Extraction Oil & Gas will post ($0.09) earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. First Personal Financial Services increased its stake in Extraction Oil & Gas by 358.4% in the first quarter. First Personal Financial Services now owns 5,671 shares of the energy company’s stock worth $105,000 after buying an additional 4,434 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Extraction Oil & Gas during the second quarter worth about $148,000. Legal & General Group Plc increased its stake in Extraction Oil & Gas by 14.4% in the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after buying an additional 1,453 shares during the period. US Bancorp DE purchased a new stake in Extraction Oil & Gas during the second quarter worth about $215,000. Finally, Trexquant Investment LP purchased a new stake in Extraction Oil & Gas during the second quarter worth about $299,000.

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 (NYSE:XOG)

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