Extraction Oil & Gas Inc (NYSE:XOG) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for Extraction Oil & Gas in a report released on Monday. Jefferies Group analyst M. Lear expects that the energy company will earn ($0.08) per share for the quarter. Jefferies Group has a “Hold” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Extraction Oil & Gas’ Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.21 EPS and FY2019 earnings at $0.78 EPS.
Extraction Oil & Gas (NYSE:XOG) last announced its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $119.80 million during the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. Extraction Oil & Gas’s revenue for the quarter was up 83.2% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Brokers Issue Forecasts for Extraction Oil & Gas Inc’s Q3 2017 Earnings (XOG)” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/2956233/brokers-issue-forecasts-for-extraction-oil-gas-incs-q3-2017-earnings-xog.html.
Several other research analysts have also recently commented on XOG. Royal Bank Of Canada set a $25.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Saturday, June 24th. Citigroup Inc. decreased their price target on shares of Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. SunTrust Banks, Inc. set a $20.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, July 22nd. BMO Capital Markets upgraded shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Extraction Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $20.46.
Shares of Extraction Oil & Gas (NYSE XOG) opened at 15.61 on Thursday. The firm has a 50-day moving average of $14.69 and a 200 day moving average of $14.69. Extraction Oil & Gas has a 52 week low of $11.31 and a 52 week high of $25.08.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its position in Extraction Oil & Gas by 147.4% in the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock worth $120,000 after acquiring an additional 5,305 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Extraction Oil & Gas during the 2nd quarter worth about $144,000. Great West Life Assurance Co. Can acquired a new stake in Extraction Oil & Gas during the 2nd quarter worth about $148,000. Legal & General Group Plc raised its holdings in Extraction Oil & Gas by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after buying an additional 1,453 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Extraction Oil & Gas during the 2nd quarter worth about $190,000.
Extraction Oil & Gas Company Profile
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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