Emerald Advisers LLC reduced its stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 87.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,198 shares of the energy company’s stock after selling 966,414 shares during the quarter. Emerald Advisers LLC’s holdings in Extraction Oil & Gas were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of XOG. FMR LLC grew its position in Extraction Oil & Gas by 38.2% during the second quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after buying an additional 3,697,918 shares during the period. Voya Investment Management LLC grew its position in Extraction Oil & Gas by 47.5% during the second quarter. Voya Investment Management LLC now owns 46,901 shares of the energy company’s stock worth $689,000 after buying an additional 15,099 shares during the period. Bank of America Corp DE grew its position in Extraction Oil & Gas by 293.1% during the second quarter. Bank of America Corp DE now owns 337,611 shares of the energy company’s stock worth $4,960,000 after buying an additional 251,736 shares during the period. California Public Employees Retirement System acquired a new position in Extraction Oil & Gas during the second quarter worth about $411,000. Finally, Schroder Investment Management Group acquired a new position in Extraction Oil & Gas during the second quarter worth about $578,000. Institutional investors own 94.24% of the company’s stock.

Several brokerages have weighed in on XOG. Citigroup lowered their target price on shares of Extraction Oil & Gas from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Williams Capital set a $15.00 target price on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Credit Suisse Group lowered shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Saturday, October 13th. Finally, Stephens began coverage on shares of Extraction Oil & Gas in a research report on Thursday, December 6th. They set an “overweight” rating and a $17.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.55.

XOG stock opened at $3.93 on Friday. The company has a market capitalization of $692.43 million, a PE ratio of 131.00 and a beta of 1.45. Extraction Oil & Gas Inc has a 12 month low of $3.79 and a 12 month high of $17.42. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.79.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $282.20 million during the quarter, compared to analyst estimates of $256.67 million. Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.07%. The firm’s revenue for the quarter was up 56.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) earnings per share. Equities analysts anticipate that Extraction Oil & Gas Inc will post 0.14 EPS for the current fiscal year.

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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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