Beach Point Capital Management LP decreased its position in Extraction Oil & Gas Inc (NYSE:XOG) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 2,248,213 shares of the energy company’s stock after selling 6,015 shares during the period. Extraction Oil & Gas comprises approximately 7.4% of Beach Point Capital Management LP’s portfolio, making the stock its 5th largest position. Beach Point Capital Management LP’s holdings in Extraction Oil & Gas were worth $30,238,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services increased its position in Extraction Oil & Gas by 358.4% in the first quarter. First Personal Financial Services now owns 5,671 shares of the energy company’s stock worth $105,000 after buying an additional 4,434 shares during the period. Great West Life Assurance Co. Can purchased a new position in Extraction Oil & Gas during the second quarter worth $148,000. Legal & General Group Plc increased its position in Extraction Oil & Gas by 1,416.4% in the first quarter. Legal & General Group Plc now owns 10,084 shares of the energy company’s stock worth $187,000 after buying an additional 9,419 shares during the period. US Bancorp DE purchased a new position in Extraction Oil & Gas during the second quarter worth $215,000. Finally, Trexquant Investment LP purchased a new position in Extraction Oil & Gas during the second quarter worth $299,000.

Shares of Extraction Oil & Gas Inc (NYSE XOG) opened at 11.87 on Friday. The stock has a 50 day moving average price of $12.60 and a 200 day moving average price of $15.69. Extraction Oil & Gas Inc has a 12-month low of $11.31 and a 12-month high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last announced its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $121.15 million. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The business’s revenue was up 83.2% on a year-over-year basis. On average, equities research analysts anticipate that Extraction Oil & Gas Inc will post ($0.09) earnings per share for the current year.

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A number of equities analysts have weighed in on the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $23.00 price target on shares of Extraction Oil & Gas in a research report on Friday, June 2nd. BMO Capital Markets assumed coverage on Extraction Oil & Gas in a research report on Friday, May 19th. They set a “market perform” rating and a $19.00 price target for the company. SunTrust Banks, Inc. set a $20.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Citigroup Inc. reduced their price target on Extraction Oil & Gas from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $25.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Extraction Oil & Gas currently has a consensus rating of “Buy” and an average price target of $22.82.

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.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NYSE:XOG)

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