Extraction Oil & Gas Inc (XOG) Expected to Post Q3 2017 Earnings of $0.01 Per Share

Extraction Oil & Gas Inc (NYSE:XOG) – Research analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of Extraction Oil & Gas in a note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum forecasts that the energy company will post earnings of $0.01 per share for the quarter. KeyCorp currently has a “Buy” rating and a $17.00 target price on the stock. KeyCorp also issued estimates for Extraction Oil & Gas’ Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.14 EPS and FY2018 earnings at $0.30 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, October 12th. Barclays PLC set a $20.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a report on Wednesday, October 11th. SunTrust Banks, Inc. set a $20.00 price target on Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, July 22nd. Citigroup Inc. lowered their target price on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Royal Bank Of Canada set a $16.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.46.

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Shares of Extraction Oil & Gas (NYSE XOG) opened at 14.60 on Monday. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $25.08. The stock’s 50 day moving average price is $14.88 and its 200-day moving average price is $14.88. The company’s market capitalization is $2.51 billion.

Extraction Oil & Gas (NYSE:XOG) last released its earnings results on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm’s revenue was up 83.2% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of XOG. BlackRock Inc. lifted its holdings in Extraction Oil & Gas by 743.0% in the first quarter. BlackRock Inc. now owns 9,822,422 shares of the energy company’s stock valued at $182,206,000 after acquiring an additional 8,657,191 shares during the period. Vanguard Group Inc. lifted its holdings in Extraction Oil & Gas by 87.8% in the second quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after acquiring an additional 3,641,505 shares during the period. State Street Corp lifted its holdings in Extraction Oil & Gas by 437.2% in the first quarter. State Street Corp now owns 1,801,959 shares of the energy company’s stock valued at $33,423,000 after acquiring an additional 1,466,541 shares during the period. Capital World Investors lifted its holdings in Extraction Oil & Gas by 25.3% in the second quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock valued at $70,155,000 after acquiring an additional 1,052,900 shares during the period. Finally, Rubric Capital Management LP lifted its holdings in Extraction Oil & Gas by 140.7% in the second quarter. Rubric Capital Management LP now owns 1,095,000 shares of the energy company’s stock valued at $14,728,000 after acquiring an additional 640,000 shares during the period.

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.

Earnings History and Estimates for Extraction Oil & Gas (NYSE:XOG)

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