Extraction Oil & Gas Inc (XOG) Set to Announce Earnings on Wednesday
Extraction Oil & Gas Inc (NYSE:XOG) will post its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect Extraction Oil & Gas to post earnings of ($0.02) per share for the quarter.
Extraction Oil & Gas (NYSE:XOG) last released its earnings results on Tuesday, May 9th. The energy company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.21. The company had revenue of $89.60 million during the quarter, compared to analysts’ expectations of $75.66 million. Extraction Oil & Gas had a net margin of 9.72% and a return on equity of 2.15%. Extraction Oil & Gas’s revenue for the quarter was up 98.7% compared to the same quarter last year. On average, analysts expect Extraction Oil & Gas to post $-0.09 EPS for the current fiscal year and $0.21 EPS for the next fiscal year.
Shares of Extraction Oil & Gas Inc (NYSE XOG) opened at 11.88 on Tuesday. Extraction Oil & Gas Inc has a 1-year low of $11.72 and a 1-year high of $25.08. The company has a 50-day moving average of $12.96 and a 200-day moving average of $15.98.
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A number of analysts recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and set a $23.00 target price on shares of Extraction Oil & Gas in a research note on Friday, June 2nd. BMO Capital Markets assumed coverage on shares of Extraction Oil & Gas in a research note on Friday, May 19th. They set a “market perform” rating and a $19.00 target price on the stock. SunTrust Banks, Inc. set a $20.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. cut their target price on shares of Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $25.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Extraction Oil & Gas currently has an average rating of “Buy” and an average target price of $22.82.
Extraction Oil & Gas Company Profile
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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