Extraction Oil & Gas (NASDAQ:XOG) had its price target decreased by Credit Suisse Group from $20.00 to $17.00 in a report issued on Friday. Credit Suisse Group currently has an outperform rating on the energy company’s stock.
A number of other analysts have also recently commented on the stock. BidaskClub cut shares of Extraction Oil & Gas from a hold rating to a sell rating in a research note on Thursday, January 11th. Williams Capital set a $21.00 target price on shares of Extraction Oil & Gas and gave the stock a buy rating in a research note on Tuesday, December 19th. ValuEngine cut shares of Extraction Oil & Gas from a hold rating to a sell rating in a research note on Friday, February 2nd. Macquarie assumed coverage on shares of Extraction Oil & Gas in a research note on Thursday, January 25th. They issued an outperform rating and a $19.00 target price for the company. Finally, Jefferies Group restated a hold rating and set a $13.00 price objective on shares of Extraction Oil & Gas in a research note on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Extraction Oil & Gas presently has an average rating of Hold and a consensus price target of $18.33.
XOG stock traded down $0.44 during trading on Friday, hitting $10.72. The company had a trading volume of 1,968,341 shares, compared to its average volume of 1,435,469. The company has a market capitalization of $1,928.01, a PE ratio of 372.00 and a beta of 1.16. Extraction Oil & Gas has a 52-week low of $10.28 and a 52-week high of $18.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38.
Several large investors have recently bought and sold shares of XOG. Jane Street Group LLC lifted its position in Extraction Oil & Gas by 274.4% in the fourth quarter. Jane Street Group LLC now owns 50,961 shares of the energy company’s stock valued at $729,000 after buying an additional 37,348 shares during the last quarter. Millennium Management LLC increased its stake in shares of Extraction Oil & Gas by 757.3% during the fourth quarter. Millennium Management LLC now owns 774,168 shares of the energy company’s stock worth $11,078,000 after buying an additional 683,868 shares during the period. Luminus Management LLC increased its stake in shares of Extraction Oil & Gas by 13.8% during the fourth quarter. Luminus Management LLC now owns 7,321,329 shares of the energy company’s stock worth $104,768,000 after buying an additional 885,876 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Extraction Oil & Gas during the fourth quarter worth approximately $359,000. Finally, Ellington Management Group LLC purchased a new stake in shares of Extraction Oil & Gas during the fourth quarter worth approximately $157,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
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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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