Wall Street analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to announce sales of $271.82 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Extraction Oil & Gas’ earnings. The lowest sales estimate is $244.00 million and the highest is $325.45 million. Extraction Oil & Gas posted sales of $214.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 27%. The business is scheduled to report its next earnings report after the market closes on Thursday, February 21st.
According to Zacks, analysts expect that Extraction Oil & Gas will report full year sales of $995.03 million for the current financial year, with estimates ranging from $917.00 million to $1.10 billion. For the next year, analysts forecast that the company will report sales of $1.11 billion, with estimates ranging from $977.00 million to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Extraction Oil & Gas.
Get Extraction Oil & Gas alerts:XOG has been the subject of several analyst reports. BidaskClub cut shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Williams Capital set a $15.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, November 7th. Citigroup dropped their price target on shares of Extraction Oil & Gas from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Stephens initiated coverage on shares of Extraction Oil & Gas in a research note on Thursday, December 6th. They issued an “overweight” rating and a $17.00 price target for the company. Finally, Macquarie set a $12.00 price target on shares of Extraction Oil & Gas and gave the company a “hold” rating in a research note on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.55.
XOG stock traded up $0.22 during mid-day trading on Friday, reaching $3.89. The company’s stock had a trading volume of 3,329,400 shares, compared to its average volume of 3,715,197. The company has a market cap of $646.62 million, a price-to-earnings ratio of 129.67 and a beta of 1.44. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.79. Extraction Oil & Gas has a fifty-two week low of $3.14 and a fifty-two week high of $17.42.
Several large investors have recently bought and sold shares of XOG. Stephens Inc. AR purchased a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $48,000. M&T Bank Corp purchased a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $52,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $56,000. Hsbc Holdings PLC boosted its position 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 purchasing an additional 5,689 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Extraction Oil & Gas by 483.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,500 shares of the energy company’s stock worth $75,000 after purchasing an additional 14,500 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.
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. 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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