Shares of Extraction Oil & Gas Inc (NYSE:XOG) have earned an average recommendation of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.60.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 7th. They noted that the move was a valuation call. SunTrust Banks, Inc. set a $20.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. decreased their price target on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada set a $25.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research lowered Extraction Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd.

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in shares of Extraction Oil & Gas by 152.5% in the second quarter. California State Teachers Retirement System now owns 221,674 shares of the energy company’s stock worth $2,982,000 after buying an additional 133,874 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Extraction Oil & Gas during the second quarter worth $144,000. State Street Corp raised its stake in shares of Extraction Oil & Gas by 46.0% in the second quarter. State Street Corp now owns 2,631,506 shares of the energy company’s stock worth $35,393,000 after buying an additional 829,547 shares during the period. Capital World Investors raised its stake in shares of Extraction Oil & Gas by 25.3% in the second quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after buying an additional 1,052,900 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Extraction Oil & Gas by 138.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,039,171 shares of the energy company’s stock worth $13,977,000 after buying an additional 603,117 shares during the period.

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Extraction Oil & Gas (NYSE:XOG) traded down 2.23% during trading on Tuesday, hitting $11.85. The stock had a trading volume of 1,395,955 shares. Extraction Oil & Gas has a 12 month low of $11.31 and a 12 month high of $25.08. The stock has a 50 day moving average price of $12.48 and a 200-day moving average price of $15.49.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings data 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 return on equity of 2.15% and a net margin of 9.72%. The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. The firm’s revenue was up 83.2% compared to the same quarter last year. On average, equities analysts anticipate that Extraction Oil & Gas will post ($0.07) earnings per share for the current year.

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.

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

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