An issue of Extraction Oil & Gas Inc (NASDAQ:XOG) bonds rose 1% against their face value during trading on Friday. The high-yield issue of debt has a 7.375% coupon and will mature on May 15, 2024. The bonds in the issue are now trading at $96.25 and were trading at $97.00 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

A number of equities research analysts have recently issued reports on the stock. Macquarie set a $12.00 price target on shares of Extraction Oil & Gas and gave the company a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Williams Capital set a $15.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group set a $13.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday. Finally, Imperial Capital cut their price objective on Extraction Oil & Gas from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Extraction Oil & Gas presently has a consensus rating of “Buy” and a consensus price target of $17.60.

Shares of Extraction Oil & Gas stock traded down $1.39 during trading on Friday, hitting $9.09. 12,193,600 shares of the company were exchanged, compared to its average volume of 1,888,294. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.41 and a quick ratio of 0.37. Extraction Oil & Gas Inc has a fifty-two week low of $8.80 and a fifty-two week high of $17.42. The company has a market capitalization of $1.90 billion, a P/E ratio of 302.67 and a beta of 0.75.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. The company had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. As a group, research analysts expect that Extraction Oil & Gas Inc will post 0.53 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new position in shares of Extraction Oil & Gas during the 2nd quarter worth approximately $158,000. State of Alaska Department of Revenue raised its position in shares of Extraction Oil & Gas by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock worth $194,000 after purchasing an additional 3,780 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Extraction Oil & Gas in the 1st quarter worth approximately $181,000. Strs Ohio purchased a new stake in Extraction Oil & Gas in the 2nd quarter worth approximately $252,000. Finally, Guggenheim Capital LLC grew its stake in Extraction Oil & Gas by 37.1% in the 1st quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock worth $263,000 after acquiring an additional 6,218 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

About Extraction Oil & Gas (NASDAQ:XOG)

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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