Extraction Oil & Gas Inc (NYSE:XOG) issued its quarterly earnings data on Wednesday. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03, Briefing.com reports. The company had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $121.15 million. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. Extraction Oil & Gas’s revenue was up 83.2% on a year-over-year basis.

Shares of Extraction Oil & Gas (XOG) traded up 1.29% during mid-day trading on Wednesday, hitting $11.80. The stock had a trading volume of 1,571,054 shares. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $25.08. The stock’s 50-day moving average price is $12.76 and its 200 day moving average price is $15.88.

A number of institutional investors have recently modified their holdings of XOG. First Personal Financial Services boosted its position in shares of 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 last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Extraction Oil & Gas during the second quarter worth about $148,000. Legal & General Group Plc boosted its position in shares of 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 last quarter. US Bancorp DE purchased a new position in shares of Extraction Oil & Gas during the second quarter worth about $215,000. Finally, Utah Retirement Systems purchased a new position in shares of Extraction Oil & Gas during the second quarter worth about $296,000.

XOG has been the subject of a number of analyst reports. Barclays PLC reissued an “overweight” rating and set a $22.00 price objective (down from $24.00) on shares of Extraction Oil & Gas in a report on Saturday, April 22nd. Royal Bank Of Canada set a $25.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research cut Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Credit Suisse Group reissued an “outperform” rating and set a $23.00 price objective on shares of Extraction Oil & Gas in a report on Friday, June 2nd. Finally, Wells Fargo & Company lowered Extraction Oil & Gas from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $22.82.

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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.

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