Extraction Oil & Gas’ (NYSE:XOG) quiet period is set to end on Monday, November 21st. Extraction Oil & Gas had issued 33,333,333 shares in its public offering on October 12th. The total size of the offering was $633,333,327 based on an initial share price of $19.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

XOG has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on shares of Extraction Oil & Gas in a report on Monday, November 7th. They issued a “sector perform” rating and a $24.00 price target on the stock. Barclays PLC initiated coverage on shares of Extraction Oil & Gas in a report on Monday, November 7th. They issued an “overweight” rating and a $24.00 price target on the stock. KeyCorp initiated coverage on shares of Extraction Oil & Gas in a report on Monday, November 7th. They issued an “overweight” rating and a $25.00 price target on the stock. RBC Capital Markets initiated coverage on shares of Extraction Oil & Gas in a report on Monday, November 7th. They issued a “sector perform” rating and a $24.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on shares of Extraction Oil & Gas in a report on Monday, November 7th. They issued a “neutral” rating and a $23.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.11.

Extraction Oil & Gas (NYSE:XOG) opened at 21.91 on Wednesday. The company’s market capitalization is $5.09 billion. Extraction Oil & Gas has a one year low of $19.51 and a one year high of $23.12. The stock’s 50 day moving average is $21.38 and its 200 day moving average is $21.38.

About Extraction Oil & Gas

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

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