Extraction Oil & Gas Inc (XOG) Sees Significant Decline in Short Interest
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.
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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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