Equities research analysts expect Extraction Oil & Gas Inc (NYSE:XOG) to announce $170.84 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Extraction Oil & Gas’ earnings, with estimates ranging from $163.00 million to $175.00 million. Extraction Oil & Gas reported sales of $72.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 134.3%. The company is expected to issue its next earnings report after the market closes on Tuesday, November 7th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year sales of $170.84 million for the current financial year, with estimates ranging from $554.00 million to $578.52 million. For the next year, analysts expect that the company will post sales of $1.05 billion per share, with estimates ranging from $1.02 billion to $1.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Extraction Oil & Gas.

Extraction Oil & Gas (NYSE:XOG) last announced its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $119.80 million for the quarter, compared to analyst estimates of $121.15 million. The business’s quarterly revenue was up 83.2% compared to the same quarter last year.

Several equities research analysts recently weighed in on XOG shares. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, October 12th. Williams Capital restated a “buy” rating and issued a $21.00 target price on shares of Extraction Oil & Gas in a research report on Monday, October 2nd. Citigroup Inc. decreased their target price on shares of Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. BMO Capital Markets upgraded shares of 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 report on Monday, August 7th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and issued a $17.00 target price on shares of Extraction Oil & Gas in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.46.

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of 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 acquiring an additional 420 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Extraction Oil & Gas by 14.4% in the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock valued at $155,000 after acquiring an additional 1,453 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Extraction Oil & Gas by 2.8% in the first quarter. Stifel Financial Corp now owns 59,700 shares of the energy company’s stock valued at $1,111,000 after acquiring an additional 1,600 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Extraction Oil & Gas by 147.4% in the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after acquiring an additional 5,305 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Extraction Oil & Gas by 23.5% in the first quarter. Teachers Advisors LLC now owns 46,809 shares of the energy company’s stock valued at $868,000 after acquiring an additional 8,899 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: “Extraction Oil & Gas Inc (XOG) Expected to Post Quarterly Sales of $170.84 Million” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/extraction-oil-gas-inc-xog-expected-to-post-quarterly-sales-of-170-84-million/1639672.html.

Shares of Extraction Oil & Gas (NYSE:XOG) traded down 0.25% during midday trading on Friday, reaching $15.90. The company’s stock had a trading volume of 1,659,996 shares. The stock has a 50 day moving average of $14.83 and a 200-day moving average of $14.83. Extraction Oil & Gas has a 1-year low of $11.31 and a 1-year high of $25.08.

Extraction Oil & Gas Company Profile

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.

Get a free copy of the Zacks research report on Extraction Oil & Gas (XOG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.