Extraction Oil & Gas Inc (XOG) Sees Large Growth in Short Interest
Extraction Oil & Gas Inc (NASDAQ:XOG) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 11,724,273 shares, a growth of 19.9% from the January 31st total of 9,781,740 shares. Currently, 12.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,170,378 shares, the short-interest ratio is currently 10.0 days.
Extraction Oil & Gas (XOG) opened at $13.01 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.41 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,320.00 and a price-to-earnings ratio of -26.55. Extraction Oil & Gas has a fifty-two week low of $11.31 and a fifty-two week high of $19.03.
In other news, insider Matthew R. Owens sold 400,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the transaction, the insider now owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.
A number of research analysts have recently issued reports on XOG shares. Imperial Capital started coverage on Extraction Oil & Gas in a research report on Wednesday, November 15th. They set an “outperform” rating and a $20.00 target price on the stock. Credit Suisse Group started coverage on Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 target price on the stock. Zacks Investment Research lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Williams Capital set a $21.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, ValuEngine lowered Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.54.
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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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