Jefferies Financial Group Equities Analysts Lower Earnings Estimates for Extraction Oil & Gas Inc (XOG)

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Extraction Oil & Gas Inc (NASDAQ:XOG) – Research analysts at Jefferies Financial Group cut their Q2 2019 earnings per share estimates for shares of Extraction Oil & Gas in a research report issued to clients and investors on Monday, April 22nd. Jefferies Financial Group analyst M. Lear now expects that the energy company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of ($0.01). Jefferies Financial Group also issued estimates for Extraction Oil & Gas’ Q4 2019 earnings at ($0.06) EPS, FY2019 earnings at ($0.11) EPS, Q2 2020 earnings at ($0.07) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.24) EPS.

XOG has been the topic of a number of other reports. Citigroup reduced their target price on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, March 12th. 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 upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. ValuEngine upgraded shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Extraction Oil & Gas from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.25.

Extraction Oil & Gas stock opened at $5.24 on Wednesday. Extraction Oil & Gas has a 52 week low of $3.14 and a 52 week high of $17.42. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.15. The stock has a market capitalization of $887.21 million, a P/E ratio of -52.40 and a beta of 1.51.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Thursday, February 21st. The energy company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.40). Extraction Oil & Gas had a negative return on equity of 2.08% and a net margin of 11.11%. The business had revenue of $288.17 million during the quarter, compared to analysts’ expectations of $271.82 million.

In related news, Director Donald L. Evans acquired 40,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $4.25 per share, with a total value of $170,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Extraction Oil & Gas during the 1st quarter valued at about $201,000. LGT Capital Partners LTD. increased its stake in shares of Extraction Oil & Gas by 54.0% during the 1st quarter. LGT Capital Partners LTD. now owns 385,000 shares of the energy company’s stock valued at $1,629,000 after acquiring an additional 135,000 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Extraction Oil & Gas by 105.6% during the 4th quarter. Deutsche Bank AG now owns 150,727 shares of the energy company’s stock valued at $645,000 after acquiring an additional 77,430 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Extraction Oil & Gas by 8.8% during the 4th quarter. American Century Companies Inc. now owns 961,470 shares of the energy company’s stock valued at $4,125,000 after acquiring an additional 77,546 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Extraction Oil & Gas during the 4th quarter valued at about $2,143,000.

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. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

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

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