Extraction Oil & Gas Inc (NASDAQ:XOG) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 10,237,236 shares, a decline of 16.1% from the November 15th total of 12,195,366 shares. Based on an average daily volume of 1,315,647 shares, the short-interest ratio is presently 7.8 days. Approximately 11.1% of the shares of the stock are short sold.

Several equities research analysts have issued reports on the company. KeyCorp reaffirmed an “overweight” rating on shares of Extraction Oil & Gas in a research note on Wednesday, November 8th. BidaskClub raised Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. SunTrust Banks set a $21.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, October 12th. Finally, Barclays set a $20.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.

Extraction Oil & Gas (NASDAQ:XOG) opened at $14.85 on Friday. Extraction Oil & Gas has a twelve month low of $11.31 and a twelve month high of $21.40. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57.

A number of large investors have recently made changes to their positions in XOG. Teachers Advisors LLC increased its holdings in Extraction Oil & Gas by 23.5% during the 1st quarter. Teachers Advisors LLC now owns 46,809 shares of the energy company’s stock valued at $868,000 after purchasing an additional 8,899 shares during the period. Morgan Stanley grew its holdings in shares of Extraction Oil & Gas by 182.6% during the 1st quarter. Morgan Stanley now owns 62,211 shares of the energy company’s stock worth $1,154,000 after acquiring an additional 40,196 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Extraction Oil & Gas by 38.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 138,663 shares of the energy company’s stock worth $2,573,000 after acquiring an additional 38,710 shares during the period. Credit Suisse AG purchased a new position in shares of Extraction Oil & Gas during the 1st quarter worth approximately $640,000. Finally, US Bancorp DE purchased a new position in shares of Extraction Oil & Gas during the 2nd quarter worth approximately $215,000. Institutional investors own 89.21% of the company’s stock.

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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.

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