Zacks Investment Research downgraded shares of Extraction Oil & Gas Inc (NYSE:XOG) from a hold rating to a sell rating in a research note published on Wednesday.

According to Zacks, “Extraction Oil & Gas, Inc. is an oil and gas company. It focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Extraction Oil & Gas, Inc. is based in Denver, United States. “

Several other analysts have also issued reports on XOG. Wells Fargo & Company lowered shares of Extraction Oil & Gas from an outperform rating to a market perform rating in a research report on Wednesday, May 3rd. Credit Suisse Group restated an outperform rating and set a $25.00 price target on shares of Extraction Oil & Gas in a research report on Monday, May 8th. BMO Capital Markets started 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 price target for the company. Royal Bank Of Canada set a $25.00 price target on shares of Extraction Oil & Gas and gave the company a buy rating in a research report on Thursday, May 18th. Finally, Barclays PLC restated a buy rating and set a $24.00 price target on shares of Extraction Oil & Gas in a research report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $22.00.

Shares of Extraction Oil & Gas (NYSE:XOG) opened at 12.47 on Wednesday. The company has a 50-day moving average price of $12.19 and a 200-day moving average price of $15.20. Extraction Oil & Gas has a 12-month low of $11.31 and a 12-month high of $25.08.

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

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Several hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Extraction Oil & Gas during the fourth quarter worth $4,494,000. Teachers Advisors LLC purchased a new stake in Extraction Oil & Gas during the fourth quarter worth $760,000. Russell Investments Group Ltd. raised its stake in Extraction Oil & Gas by 62.3% in the first quarter. Russell Investments Group Ltd. now owns 100,994 shares of the energy company’s stock worth $1,873,000 after buying an additional 38,765 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Extraction Oil & Gas during the first quarter worth $8,440,000. Finally, Caymus Capital Partners L.P. purchased a new stake in Extraction Oil & Gas during the first quarter worth $23,225,000.

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

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