Extraction Oil & Gas (NASDAQ:XOG) Rating Lowered to Sell at BidaskClub

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Extraction Oil & Gas (NASDAQ:XOG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. Williams Capital reaffirmed a “buy” rating and set a $5.50 price objective on shares of Extraction Oil & Gas in a research report on Friday, November 8th. ValuEngine upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Stephens cut Extraction Oil & Gas from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $6.00 to $4.00 in a research note on Wednesday, October 16th. Imperial Capital cut Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $7.00 to $2.00 in a research note on Thursday, October 17th. Finally, Wells Fargo & Co cut Extraction Oil & Gas from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $6.00 to $4.00 in a research note on Thursday, January 9th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.50.

XOG traded up $0.02 on Tuesday, hitting $1.92. 51,238 shares of the company were exchanged, compared to its average volume of 2,830,180. Extraction Oil & Gas has a twelve month low of $1.33 and a twelve month high of $5.67. The company has a market cap of $270.38 million, a price-to-earnings ratio of -19.30 and a beta of 1.99. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $2.87.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03. The business had revenue of $196.97 million during the quarter, compared to analysts’ expectations of $225.88 million. Extraction Oil & Gas had a negative return on equity of 5.61% and a net margin of 10.06%. Equities analysts expect that Extraction Oil & Gas will post -0.23 EPS for the current year.

A number of hedge funds have recently modified their holdings of XOG. Morgan Stanley raised its stake in shares of Extraction Oil & Gas by 95.9% during the 2nd quarter. Morgan Stanley now owns 6,787,696 shares of the energy company’s stock worth $29,391,000 after buying an additional 3,322,422 shares during the last quarter. BlackRock Inc. lifted its holdings in Extraction Oil & Gas by 21.2% in the 2nd quarter. BlackRock Inc. now owns 13,548,451 shares of the energy company’s stock valued at $58,665,000 after purchasing an additional 2,368,035 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Extraction Oil & Gas during the 2nd quarter worth about $5,758,000. Nuveen Asset Management LLC boosted its stake in shares of Extraction Oil & Gas by 25.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,972,234 shares of the energy company’s stock worth $25,860,000 after purchasing an additional 1,194,395 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Extraction Oil & Gas during the second quarter worth about $4,953,000.

About Extraction Oil & Gas

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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Analyst Recommendations for Extraction Oil & Gas (NASDAQ:XOG)

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