Extraction Oil & Gas Inc (NASDAQ:XOG) – Investment analysts at KeyCorp lifted their Q1 2019 earnings per share (EPS) estimates for shares of Extraction Oil & Gas in a report released on Tuesday, August 7th. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will earn $0.51 per share for the quarter, up from their previous forecast of $0.49. KeyCorp also issued estimates for Extraction Oil & Gas’ Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.03 EPS.

Several other research firms have also recently weighed in on XOG. Macquarie cut shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Tuesday. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Thursday, April 12th. JPMorgan Chase & Co. initiated coverage on shares of Extraction Oil & Gas in a report on Friday, May 4th. They issued an “overweight” rating and a $21.00 price target on the stock. Jefferies Financial Group set a $16.00 price target on shares of Extraction Oil & Gas and gave the company a “hold” rating in a report on Thursday, July 19th. Finally, TheStreet upgraded shares of Extraction Oil & Gas from a “d+” rating to a “c-” rating in a report on Thursday, May 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.92.

NASDAQ:XOG opened at $12.60 on Friday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 420.00 and a beta of 1.20. Extraction Oil & Gas has a twelve month low of $10.28 and a twelve month high of $17.42. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Tuesday, May 8th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.35). The company had revenue of $230.22 million during the quarter, compared to the consensus estimate of $219.76 million. Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. The business’s revenue was up 156.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS.

Several hedge funds have recently made changes to their positions in XOG. Two Sigma Investments LP bought a new stake in shares of Extraction Oil & Gas during the 4th quarter valued at $359,000. Trexquant Investment LP bought a new stake in shares of Extraction Oil & Gas during the 1st quarter valued at $1,270,000. American Century Companies Inc. boosted its holdings in shares of Extraction Oil & Gas by 9.4% during the 1st quarter. American Century Companies Inc. now owns 695,971 shares of the energy company’s stock valued at $7,976,000 after buying an additional 59,776 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Extraction Oil & Gas by 4.5% during the 1st quarter. Swiss National Bank now owns 179,500 shares of the energy company’s stock valued at $2,057,000 after buying an additional 7,700 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Extraction Oil & Gas during the 1st quarter valued at $219,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

About Extraction Oil & Gas

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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Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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