Shares of Extraction Oil & Gas Inc (NYSE:XOG) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.44.

XOG has been the topic of several research analyst reports. KLR Group began coverage on Extraction Oil & Gas in a research note on Thursday, March 23rd. They set a “buy” rating and a $31.00 target price on the stock. Royal Bank Of Canada set a $25.00 price objective on Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, April 15th. Barclays PLC reissued an “overweight” rating and issued a $22.00 price objective (down previously from $24.00) on shares of Extraction Oil & Gas in a report on Saturday, April 22nd. Wells Fargo & Company cut Extraction Oil & Gas from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Extraction Oil & Gas in a report on Monday, May 8th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new position in Extraction Oil & Gas during the fourth quarter worth approximately $100,000. First Personal Financial Services boosted its stake in shares of Extraction Oil & Gas by 358.4% in the first quarter. First Personal Financial Services now owns 5,671 shares of the energy company’s stock valued at $105,000 after buying an additional 4,434 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Extraction Oil & Gas by 1,416.4% in the first quarter. Legal & General Group Plc now owns 10,084 shares of the energy company’s stock valued at $187,000 after buying an additional 9,419 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Extraction Oil & Gas by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock valued at $329,000 after buying an additional 420 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in shares of Extraction Oil & Gas during the fourth quarter valued at about $429,000.

Shares of Extraction Oil & Gas (NYSE:XOG) traded down 0.53% during mid-day trading on Monday, hitting $13.07. 1,021,127 shares of the stock traded hands. Extraction Oil & Gas has a 52 week low of $11.73 and a 52 week high of $25.08. The firm’s 50-day moving average is $14.69 and its 200-day moving average is $17.13.

Extraction Oil & Gas (NYSE:XOG) last announced its quarterly earnings results on Tuesday, May 9th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.21. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The business had revenue of $89.60 million for the quarter, compared to the consensus estimate of $75.66 million. Extraction Oil & Gas’s quarterly revenue was up 98.7% compared to the same quarter last year. Equities analysts forecast that Extraction Oil & Gas will post $0.01 earnings per share for the current fiscal year.

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.

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

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