First Trust Advisors LP boosted its position in Extraction Oil & Gas Inc (NASDAQ:XOG) by 10.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 522,550 shares of the energy company’s stock after purchasing an additional 48,392 shares during the quarter. First Trust Advisors LP owned approximately 0.30% of Extraction Oil & Gas worth $5,900,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC bought a new position in Extraction Oil & Gas in the second quarter worth about $158,000. Principal Financial Group Inc. bought a new position in Extraction Oil & Gas in the first quarter worth about $181,000. State of Alaska Department of Revenue raised its holdings in Extraction Oil & Gas by 40.0% in the second 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 in the last quarter. Strs Ohio bought a new position in Extraction Oil & Gas in the second quarter worth about $252,000. Finally, Guggenheim Capital LLC raised its holdings in Extraction Oil & Gas by 37.1% in the first quarter. Guggenheim Capital LLC now owns 22,964 shares of the energy company’s stock worth $263,000 after purchasing an additional 6,218 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

XOG opened at $6.75 on Monday. Extraction Oil & Gas Inc has a 52-week low of $6.60 and a 52-week high of $17.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market cap of $1.19 billion, a PE ratio of 75.00 and a beta of 1.80.

Extraction Oil & Gas (NASDAQ:XOG) last posted its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.08). Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.07%. The company had revenue of $282.20 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the company earned ($0.20) EPS. The business’s revenue was up 56.0% compared to the same quarter last year. On average, analysts anticipate that Extraction Oil & Gas Inc will post 0.2 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on XOG shares. BidaskClub upgraded shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Friday, July 27th. Macquarie downgraded shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Tuesday, August 7th. Williams Capital restated a “buy” rating and set a $22.00 price objective on shares of Extraction Oil & Gas in a report on Wednesday, August 8th. Imperial Capital cut their price objective on shares of Extraction Oil & Gas from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Finally, BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of Extraction Oil & Gas in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

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

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