The Extraction Oil & Gas Inc (XOG) Upgraded to “Buy” at Zacks Investment Research

The Extraction Oil & Gas Inc (XOG) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Extraction Oil & Gas Inc (NYSE:XOG) from a sell rating to a buy rating in a report released on Thursday morning. They currently have $17.00 price objective on the energy company’s stock.

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 weighed in on the stock. Citigroup Inc. dropped their price objective on shares of Extraction Oil & Gas from $23.00 to $21.00 and set a buy rating for the company in a report on Friday, July 21st. SunTrust Banks, Inc. set a $20.00 price objective on shares of Extraction Oil & Gas and gave the stock a buy rating in a report on Saturday, July 22nd. Barclays PLC set a $20.00 price objective on shares of Extraction Oil & Gas and gave the stock a buy rating in a report on Wednesday. Royal Bank Of Canada set a $16.00 price objective on shares of Extraction Oil & Gas and gave the stock a buy rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC initiated coverage on shares of Extraction Oil & Gas in a report on Monday. They set a hold rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Extraction Oil & Gas has an average rating of Buy and a consensus price target of $20.46.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The business’s revenue was up 83.2% on a year-over-year basis.

Institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Extraction Oil & Gas by 182.6% in the first quarter. Morgan Stanley now owns 62,211 shares of the energy company’s stock valued at $1,154,000 after purchasing an additional 40,196 shares in the last quarter. GeoSphere Capital Management increased its holdings 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 purchasing an additional 31,345 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Extraction Oil & Gas by 1,697.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,559 shares of the energy company’s stock valued at $330,000 after purchasing an additional 23,193 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 25,782 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Extraction Oil & Gas by 52.9% in the second quarter. American Century Companies Inc. now owns 834,954 shares of the energy company’s stock valued at $11,230,000 after purchasing an additional 288,811 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.

Related posts

Leave a Comment