Equities research analysts forecast that Extraction Oil & Gas Inc (NASDAQ:XOG) will announce $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Extraction Oil & Gas’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.29. Extraction Oil & Gas reported earnings per share of $0.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 266.7%. The firm is scheduled to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that Extraction Oil & Gas will report full year earnings of $0.20 per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of $1.22 per share, with EPS estimates ranging from $0.72 to $1.99. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Extraction Oil & Gas.

Extraction Oil & Gas (NASDAQ:XOG) last posted its earnings results on Tuesday, November 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Extraction Oil & Gas had a negative net margin of 0.87% and a positive return on equity of 2.14%. The firm had revenue of $282.20 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The business’s quarterly revenue was up 56.0% compared to the same quarter last year.

A number of equities analysts have recently commented on XOG shares. BidaskClub downgraded shares of Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th. ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Jefferies Financial Group set a $16.00 price objective on shares of Extraction Oil & Gas and gave the stock a “hold” rating in a report on Friday, July 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 price objective on shares of Extraction Oil & Gas in a report on Monday, August 13th. Finally, Citigroup reduced their price objective on shares of Extraction Oil & Gas from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.40.

Large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Extraction Oil & Gas by 38.2% during the 2nd quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock valued at $196,450,000 after purchasing an additional 3,697,918 shares during the last quarter. Victory Capital Management Inc. bought a new position in Extraction Oil & Gas during the 2nd quarter valued at about $31,730,000. Dimensional Fund Advisors LP lifted its holdings in Extraction Oil & Gas by 100.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock valued at $50,878,000 after purchasing an additional 1,738,601 shares during the last quarter. Jennison Associates LLC bought a new position in Extraction Oil & Gas during the 3rd quarter valued at about $18,769,000. Finally, Canyon Capital Advisors LLC bought a new position in Extraction Oil & Gas during the 2nd quarter valued at about $17,541,000. 91.90% of the stock is owned by institutional investors.

Shares of Extraction Oil & Gas stock opened at $8.42 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas has a fifty-two week low of $7.20 and a fifty-two week high of $17.42. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 280.67 and a beta of 1.80.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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

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