Jefferies Financial Group Comments on Extraction Oil & Gas Inc’s Q3 2019 Earnings (XOG)

Extraction Oil & Gas Inc (NASDAQ:XOG) – Research analysts at Jefferies Financial Group issued their Q3 2019 earnings per share estimates for shares of Extraction Oil & Gas in a research note issued on Wednesday, March 6th. Jefferies Financial Group analyst M. Lear forecasts that the energy company will post earnings of ($0.02) per share for the quarter. Jefferies Financial Group also issued estimates for Extraction Oil & Gas’ Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.05) EPS, Q1 2020 earnings at ($0.08) EPS, Q2 2020 earnings at ($0.05) EPS, Q3 2020 earnings at ($0.05) EPS, Q4 2020 earnings at ($0.04) EPS and FY2020 earnings at ($0.21) EPS.

Several other equities analysts also recently commented on XOG. Zacks Investment Research upgraded Extraction Oil & Gas from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 20th. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Imperial Capital set a $12.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Friday, February 22nd. BidaskClub raised shares of Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Friday, February 15th. Finally, Williams Capital set a $8.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.45.

Extraction Oil & Gas stock opened at $3.86 on Friday. Extraction Oil & Gas has a 12 month low of $3.14 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. The company has a market capitalization of $796.37 million, a P/E ratio of -38.60 and a beta of 1.44.

Several institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new stake in shares of Extraction Oil & Gas during the second quarter worth about $411,000. First Trust Advisors LP boosted its holdings in shares of Extraction Oil & Gas by 10.2% during the third quarter. First Trust Advisors LP now owns 522,550 shares of the energy company’s stock worth $5,900,000 after purchasing an additional 48,392 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Extraction Oil & Gas by 22.3% during the third quarter. Russell Investments Group Ltd. now owns 551,490 shares of the energy company’s stock worth $6,226,000 after purchasing an additional 100,602 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Extraction Oil & Gas by 60.7% during the third quarter. Victory Capital Management Inc. now owns 3,472,113 shares of the energy company’s stock worth $39,201,000 after purchasing an additional 1,312,062 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Extraction Oil & Gas in the third quarter worth about $202,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Donald L. Evans purchased 40,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $4.25 per share, with a total value of $170,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.90% 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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