Credit Suisse Group cut shares of Extraction Oil & Gas (NASDAQ:XOG) from a neutral rating to an underperform rating in a report issued on Wednesday morning, BenzingaRatingsTable reports.

A number of other analysts also recently weighed in on XOG. ValuEngine raised shares of Extraction Oil & Gas from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Wells Fargo & Co downgraded shares of Extraction Oil & Gas from an equal weight rating to an underweight rating and decreased their price objective for the stock from $6.00 to $4.00 in a report on Thursday, January 9th. Williams Capital reaffirmed a buy rating and issued a $5.50 price objective on shares of Extraction Oil & Gas in a report on Friday, November 8th. Citigroup downgraded shares of Extraction Oil & Gas from a buy rating to a neutral rating and decreased their price objective for the stock from $6.50 to $2.50 in a report on Monday, November 11th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $5.00 price objective on shares of Extraction Oil & Gas in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $4.56.

Shares of XOG stock traded down $0.13 during mid-day trading on Wednesday, reaching $1.55. 75,538 shares of the company were exchanged, compared to its average volume of 1,945,482. Extraction Oil & Gas has a fifty-two week low of $1.33 and a fifty-two week high of $5.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.53 and a current ratio of 0.59. The company has a market capitalization of $238.49 million, a P/E ratio of 3.79 and a beta of 1.99. The business’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.79.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. Extraction Oil & Gas had a net margin of 10.06% and a negative return on equity of 5.61%. The business had revenue of $196.97 million during the quarter, compared to the consensus estimate of $225.88 million. On average, analysts forecast that Extraction Oil & Gas will post -0.23 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. OTA Financial Group L.P. bought a new stake in Extraction Oil & Gas in the fourth quarter valued at $204,000. Ackerman Capital Advisors LLC bought a new stake in Extraction Oil & Gas in the fourth quarter valued at $98,000. Metropolitan Life Insurance Co NY lifted its stake in Extraction Oil & Gas by 1,245.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 36,043 shares of the energy company’s stock valued at $106,000 after buying an additional 33,364 shares during the last quarter. Barclays PLC lifted its stake in Extraction Oil & Gas by 51.4% in the third quarter. Barclays PLC now owns 1,401,023 shares of the energy company’s stock valued at $4,119,000 after buying an additional 475,554 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Extraction Oil & Gas in the third quarter valued at $45,000.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

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

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