Analysts predict that Extraction Oil & Gas Inc (NYSE:XOG) will report $125.36 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Extraction Oil & Gas’ earnings, with the lowest sales estimate coming in at $116.00 million and the highest estimate coming in at $132.57 million. The firm is expected to announce its next earnings results after the market closes on Wednesday, August 9th.

On average, analysts expect that Extraction Oil & Gas will report full year sales of $125.36 million for the current fiscal year, with estimates ranging from $588.00 million to $667.78 million. For the next year, analysts anticipate that the business will report sales of $1.17 billion per share, with estimates ranging from $1.11 billion to $1.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Extraction Oil & Gas.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings data on Tuesday, May 9th. The energy company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.21. The company had revenue of $89.60 million during the quarter, compared to the consensus estimate of $75.66 million. Extraction Oil & Gas had a net margin of 9.72% and a return on equity of 2.15%. The firm’s revenue for the quarter was up 98.7% on a year-over-year basis.

Several analysts recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $23.00 target price on shares of Extraction Oil & Gas in a research report on Friday, June 2nd. BMO Capital Markets assumed coverage on shares of Extraction Oil & Gas in a research report on Friday, May 19th. They set a “market perform” rating and a $19.00 target price for the company. Royal Bank Of Canada set a $25.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a research report on Saturday, June 24th. ValuEngine lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Barclays PLC restated an “overweight” rating and set a $22.00 target price (down from $24.00) on shares of Extraction Oil & Gas in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Extraction Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $23.82.

Several institutional investors have recently modified their holdings of XOG. Pacad Investment Ltd. bought a new position in shares of Extraction Oil & Gas during the fourth quarter worth $100,000. First Personal Financial Services raised its position 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 worth $105,000 after buying an additional 4,434 shares in the last quarter. Legal & General Group Plc raised its position 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 worth $187,000 after buying an additional 9,419 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 worth $329,000 after buying an additional 420 shares in the last quarter. Finally, Credit Suisse AG bought a new position in shares of Extraction Oil & Gas during the first quarter worth $640,000.

Extraction Oil & Gas (NYSE XOG) traded up 1.42% on Friday, reaching $12.90. 724,759 shares of the company traded hands. The stock’s 50-day moving average is $14.69 and its 200-day moving average is $17.13. Extraction Oil & Gas has a 1-year low of $11.73 and a 1-year high of $25.08.

ILLEGAL ACTIVITY WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/07/125-36-million-in-sales-expected-for-extraction-oil-gas-inc-xog-this-quarter-updated-updated-updated.html.

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.

Get a free copy of the Zacks research report on Extraction Oil & Gas (XOG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Extraction Oil & Gas (NYSE:XOG)

Receive News & Stock Ratings for Extraction Oil & Gas Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extraction Oil & Gas Inc and related stocks with our FREE daily email newsletter.