Extraction Oil & Gas (XOG) Debt Trading 2.3% Lower

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An issue of Extraction Oil & Gas Inc (NASDAQ:XOG) debt fell 2.3% as a percentage of its face value during trading on Thursday. The debt issue has a 7.375% coupon and will mature on May 15, 2024. The bonds in the issue are now trading at $96.50 and were trading at $91.00 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

A number of analysts have recently commented on XOG shares. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. BidaskClub lowered Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Macquarie lowered Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Tuesday, August 7th. Credit Suisse Group set a $13.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, October 19th. Finally, Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Extraction Oil & Gas presently has a consensus rating of “Hold” and an average price target of $16.40.

NASDAQ XOG traded down $0.22 on Friday, reaching $8.43. 2,911,130 shares of the company were exchanged, compared to its average volume of 5,452,701. The firm has a market capitalization of $1.66 billion, a P/E ratio of 280.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.37 and a current ratio of 0.85. Extraction Oil & Gas Inc has a fifty-two week low of $7.20 and a fifty-two week high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.08). The company had revenue of $282.20 million for the quarter, compared to analyst estimates of $256.67 million. Extraction Oil & Gas had a positive return on equity of 2.07% and a negative net margin of 0.87%. The business’s quarterly revenue was up 56.0% on a year-over-year basis. During the same period last year, the firm posted ($0.20) EPS. As a group, sell-side analysts forecast that Extraction Oil & Gas Inc will post 0.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOG. Aperio Group LLC acquired a new position in Extraction Oil & Gas during the second quarter worth $158,000. Principal Financial Group Inc. acquired a new position in Extraction Oil & Gas during the first quarter worth $181,000. State of Alaska Department of Revenue boosted its stake in Extraction Oil & Gas by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock worth $194,000 after buying an additional 3,780 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Extraction Oil & Gas during the third quarter worth $202,000. Finally, Strs Ohio acquired a new position in Extraction Oil & Gas during the second quarter worth $252,000. 91.90% of the stock is currently owned by institutional investors.

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Extraction Oil & Gas Company Profile (NASDAQ:XOG)

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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