Extraction Oil & Gas (NASDAQ:XOG) Trading Down 6.8%

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Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) fell 6.8% on Wednesday . The company traded as low as $3.36 and last traded at $3.40. 4,360,498 shares were traded during mid-day trading, a decline of 5% from the average session volume of 4,566,160 shares. The stock had previously closed at $3.65.

A number of research firms recently weighed in on XOG. BidaskClub downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. Zacks Investment Research downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. ValuEngine downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. KeyCorp started coverage on Extraction Oil & Gas in a research report on Tuesday, May 28th. They set a “sector weight” rating on the stock. Finally, Imperial Capital set a $12.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.92.

The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 0.80. The stock has a market cap of $594.40 million, a PE ratio of -34.00 and a beta of 1.83.

Extraction Oil & Gas (NASDAQ:XOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.13). Extraction Oil & Gas had a net margin of 7.21% and a negative return on equity of 2.57%. The company had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $227.52 million. Analysts forecast that Extraction Oil & Gas Inc will post 0.15 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in Extraction Oil & Gas by 8.9% in the 4th quarter. LPL Financial LLC now owns 34,557 shares of the energy company’s stock valued at $148,000 after acquiring an additional 2,831 shares during the period. Nordea Investment Management AB boosted its stake in shares of Extraction Oil & Gas by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 404,905 shares of the energy company’s stock worth $1,737,000 after acquiring an additional 3,679 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Extraction Oil & Gas by 29.1% during the 1st quarter. Principal Financial Group Inc. now owns 18,093 shares of the energy company’s stock worth $77,000 after acquiring an additional 4,079 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Extraction Oil & Gas by 54.1% during the 4th quarter. Hsbc Holdings PLC now owns 16,205 shares of the energy company’s stock worth $70,000 after acquiring an additional 5,689 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Extraction Oil & Gas by 41.4% during the 1st quarter. Qube Research & Technologies Ltd now owns 21,530 shares of the energy company’s stock worth $91,000 after acquiring an additional 6,300 shares in the last quarter.

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About Extraction Oil & Gas (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. 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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