Extraction Oil & Gas Inc (NYSE:XOG) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $21.73.

Several equities research analysts recently commented on the company. Williams Capital reaffirmed a “buy” rating and issued a $21.00 price target on shares of Extraction Oil & Gas in a report on Monday. Zacks Investment Research cut Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp reissued a “buy” rating and set a $17.00 target price on shares of Extraction Oil & Gas in a research note on Tuesday, September 19th. Royal Bank Of Canada set a $16.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, BMO Capital Markets raised Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 7th. They noted that the move was a valuation call.

TRADEMARK VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/05/extraction-oil-gas-inc-xog-receives-consensus-recommendation-of-buy-from-analysts.html.

Shares of Extraction Oil & Gas (NYSE:XOG) traded down 2.45% during trading on Wednesday, hitting $15.15. The stock had a trading volume of 824,988 shares. Extraction Oil & Gas has a 52-week low of $12.98 and a 52-week high of $25.08. The firm’s 50-day moving average is $14.44 and its 200 day moving average is $14.44.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The firm had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $121.15 million. The business’s quarterly revenue was up 83.2% on a year-over-year basis. Equities research analysts anticipate that Extraction Oil & Gas will post $0.02 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOG. Teachers Advisors LLC purchased a new position in shares of Extraction Oil & Gas during the fourth quarter worth $760,000. Russell Investments Group Ltd. boosted its holdings 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 valued at $1,873,000 after purchasing an additional 38,765 shares during the period. Bank of New York Mellon Corp boosted its holdings in Extraction Oil & Gas by 59.9% in the first quarter. Bank of New York Mellon Corp now owns 130,874 shares of the energy company’s stock valued at $2,428,000 after purchasing an additional 49,019 shares during the period. Ameriprise Financial Inc. boosted its holdings in 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 purchasing an additional 420 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Extraction Oil & Gas by 23.9% in the first quarter. Parametric Portfolio Associates LLC now owns 60,131 shares of the energy company’s stock valued at $1,115,000 after purchasing an additional 11,585 shares during the period.

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)

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.