BMO Capital Markets upgraded shares of Extraction Oil & Gas Inc (NYSE:XOG) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat reports. BMO Capital Markets currently has $17.00 price target on the energy company’s stock. The analysts noted that the move was a valuation call.

XOG has been the subject of a number of other research reports. Wells Fargo & Company cut Extraction Oil & Gas from an outperform rating to a market perform rating in a report on Wednesday, May 3rd. Zacks Investment Research cut Extraction Oil & Gas from a buy rating to a hold rating in a report on Friday, June 23rd. Credit Suisse Group restated an outperform rating and set a $25.00 price objective on shares of Extraction Oil & Gas in a report on Monday, May 8th. Barclays PLC restated an overweight rating and set a $22.00 price objective (down previously from $24.00) on shares of Extraction Oil & Gas in a report on Saturday, April 22nd. Finally, Citigroup Inc. dropped their price objective on Extraction Oil & Gas from $23.00 to $21.00 and set a buy rating for the company in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $22.82.

Shares of Extraction Oil & Gas (NYSE XOG) opened at 11.80 on Monday. Extraction Oil & Gas has a 52 week low of $11.31 and a 52 week high of $25.08. The company has a 50-day moving average price of $12.76 and a 200-day moving average price of $15.88.

Extraction Oil & Gas (NYSE:XOG) last released its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The business’s quarterly revenue was up 83.2% on a year-over-year basis. Equities analysts predict that Extraction Oil & Gas will post ($0.09) earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of XOG. American Century Companies Inc. boosted its stake in shares of Extraction Oil & Gas by 3.9% in the first quarter. American Century Companies Inc. now owns 546,143 shares of the energy company’s stock valued at $10,131,000 after buying an additional 20,679 shares in the last quarter. State Street Corp purchased a new stake in shares of Extraction Oil & Gas during the fourth quarter valued at $6,718,000. GeoSphere Capital Management boosted its stake in shares of Extraction Oil & Gas by 18.6% in the first quarter. GeoSphere Capital Management now owns 200,000 shares of the energy company’s stock valued at $3,710,000 after buying an additional 31,345 shares in the last quarter. Beach Point Capital Management LP boosted its stake in shares of Extraction Oil & Gas by 223.6% in the first quarter. Beach Point Capital Management LP now owns 2,254,228 shares of the energy company’s stock valued at $41,741,000 after buying an additional 1,557,629 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Extraction Oil & Gas by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock valued at $1,535,000 after buying an additional 25,782 shares in the last quarter.

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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