Brokerages Anticipate Extraction Oil & Gas Inc (XOG) to Announce $0.01 Earnings Per Share

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Analysts forecast that Extraction Oil & Gas Inc (NASDAQ:XOG) will post earnings of $0.01 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Extraction Oil & Gas’ earnings, with estimates ranging from ($0.01) to $0.03. Extraction Oil & Gas posted earnings per share of $0.03 during the same quarter last year, which would indicate a negative year over year growth rate of 66.7%. The business is scheduled to issue its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year earnings of $0.19 per share for the current year, with EPS estimates ranging from ($0.09) to $0.34. For the next fiscal year, analysts forecast that the firm will report earnings of $0.29 per share, with EPS estimates ranging from ($0.10) to $0.73. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last announced its earnings results on Thursday, May 2nd. The energy company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The company had revenue of $221.92 million for the quarter, compared to analyst estimates of $227.52 million. Extraction Oil & Gas had a net margin of 7.21% and a negative return on equity of 2.57%.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. BidaskClub upgraded Extraction Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Friday, February 15th. ValuEngine cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Cowen initiated coverage on Extraction Oil & Gas in a report on Tuesday, April 9th. They set a “market perform” rating and a $6.00 price objective on the stock. Finally, Williams Capital set a $8.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.25.

In other Extraction Oil & Gas news, Director Donald L. Evans acquired 40,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $4.25 per share, for a total transaction of $170,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.20% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in Extraction Oil & Gas in the first quarter valued at $30,000. Stephens Inc. AR acquired a new position in Extraction Oil & Gas in the fourth quarter valued at $48,000. M&T Bank Corp acquired a new position in Extraction Oil & Gas in the fourth quarter valued at $52,000. D. E. Shaw & Co. Inc. acquired a new position in Extraction Oil & Gas in the fourth quarter valued at $56,000. Finally, Hsbc Holdings PLC boosted its holdings in Extraction Oil & Gas by 54.1% in the fourth quarter. Hsbc Holdings PLC now owns 16,205 shares of the energy company’s stock valued at $70,000 after acquiring an additional 5,689 shares during the last quarter.

NASDAQ:XOG traded down $0.21 during trading hours on Friday, reaching $3.97. 4,098,500 shares of the company traded hands, compared to its average volume of 4,475,298. The stock has a market cap of $695.37 million, a PE ratio of -39.70 and a beta of 1.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.53 and a current ratio of 0.60. Extraction Oil & Gas has a 1-year low of $3.14 and a 1-year high of $17.42.

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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