Extraction Oil & Gas Inc (NYSE:XOG) shares dropped 5.5% during trading on Tuesday . The stock traded as low as $15.03 and last traded at $15.08. Approximately 1,213,600 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 1,299,955 shares. The stock had previously closed at $15.95.

XOG has been the topic of several recent analyst reports. Zacks Investment Research raised Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, October 12th. Williams Capital reaffirmed a “buy” rating and issued a $21.00 price target on shares of Extraction Oil & Gas in a research report on Monday, October 2nd. SunTrust Banks, Inc. set a $21.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Friday, October 27th. BMO Capital Markets raised Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 7th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and set a $17.00 price objective on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $19.82.

Hedge funds have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd acquired a new stake in Extraction Oil & Gas in the 2nd quarter valued at $144,000. Vanguard Group Inc. boosted its stake in Extraction Oil & Gas by 87.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after buying an additional 3,641,505 shares in the last quarter. Morgan Stanley boosted its stake in Extraction Oil & Gas by 182.6% in the 1st quarter. Morgan Stanley now owns 62,211 shares of the energy company’s stock valued at $1,154,000 after buying an additional 40,196 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Extraction Oil & Gas by 1,697.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,559 shares of the energy company’s stock valued at $330,000 after buying an additional 23,193 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Extraction Oil & Gas by 45.2% in the 1st quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock valued at $1,535,000 after buying an additional 25,782 shares in the last quarter.

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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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