Extraction Oil & Gas Sees Unusually High Options Volume (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) was the recipient of some unusual options trading activity on Monday. Traders bought 1,458 put options on the company. This is an increase of 738% compared to the average volume of 174 put options.

A number of large investors have recently modified their holdings of XOG. Aperio Group LLC acquired a new stake in Extraction Oil & Gas during the 2nd quarter worth $158,000. Principal Financial Group Inc. acquired a new stake in Extraction Oil & Gas during the 1st quarter worth $181,000. State of Alaska Department of Revenue boosted its stake in 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 period. TLP Group LLC boosted its stake in Extraction Oil & Gas by 63,224.1% during the 1st quarter. TLP Group LLC now owns 18,364 shares of the energy company’s stock worth $210,000 after purchasing an additional 18,335 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Extraction Oil & Gas during the 1st quarter worth $219,000. Hedge funds and other institutional investors own 92.34% of the company’s stock.

Shares of NASDAQ:XOG opened at $11.60 on Tuesday. The firm has a market cap of $2.07 billion, a P/E ratio of 386.67 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a 1-year low of $10.28 and a 1-year high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings results on Tuesday, August 7th. The energy company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. research analysts expect that Extraction Oil & Gas will post 0.52 earnings per share for the current fiscal year.

XOG has been the topic of a number of recent analyst reports. Macquarie downgraded shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Tuesday, August 7th. KLR Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extraction Oil & Gas in a research report on Monday, August 20th. JPMorgan Chase & Co. initiated coverage on shares of Extraction Oil & Gas in a research report on Friday, May 4th. They issued an “overweight” rating and a $21.00 target price on the stock. TheStreet downgraded shares of Extraction Oil & Gas from a “c-” rating to a “d+” rating in a research report on Tuesday, August 14th. Finally, BidaskClub downgraded shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.33.

Extraction Oil & Gas Company 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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