Two Sigma Investments LP acquired a new position in shares of Extraction Oil & Gas (NASDAQ:XOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,098 shares of the energy company’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ellington Management Group LLC acquired a new position in Extraction Oil & Gas during the fourth quarter worth $157,000. Clearbridge LLC lifted its stake in shares of Extraction Oil & Gas by 10.1% in the 4th quarter. Clearbridge LLC now owns 1,159,232 shares of the energy company’s stock valued at $16,589,000 after purchasing an additional 106,380 shares during the last quarter. Castleton Investment Management LLC acquired a new position in shares of Extraction Oil & Gas in the 4th quarter valued at $2,003,000. CoreCommodity Management LLC acquired a new position in shares of Extraction Oil & Gas in the 4th quarter valued at $493,000. Finally, BlueCrest Capital Management Ltd lifted its stake in shares of Extraction Oil & Gas by 33.9% in the 4th quarter. BlueCrest Capital Management Ltd now owns 69,642 shares of the energy company’s stock valued at $997,000 after purchasing an additional 17,642 shares during the last quarter. 86.88% of the stock is currently owned by institutional investors.

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XOG stock opened at $13.00 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,247.12, a P/E ratio of 433.33 and a beta of 1.15. Extraction Oil & Gas has a 12-month low of $10.28 and a 12-month high of $18.00.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The firm had revenue of $214.03 million for the quarter, compared to the consensus estimate of $198.51 million. Extraction Oil & Gas had a positive return on equity of 1.34% and a negative net margin of 7.35%. research analysts expect that Extraction Oil & Gas will post 0.41 EPS for the current year.

Several brokerages have recently commented on XOG. BidaskClub raised Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 12th. BMO Capital Markets set a $19.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, April 11th. TheStreet lowered Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research note on Friday, April 6th. Credit Suisse Group decreased their price target on Extraction Oil & Gas from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, April 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Extraction Oil & Gas in a research note on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Extraction Oil & Gas presently has an average rating of “Hold” and an average target price of $18.50.

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Extraction Oil & Gas Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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