Extraction Oil & Gas (XOG) versus Mid-Con Energy Partners (MCEP) Critical Review
Extraction Oil & Gas (NASDAQ:XOG) and Mid-Con Energy Partners (NASDAQ:MCEP) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, earnings, institutional ownership, dividends, valuation, analyst recommendations and risk.
This is a breakdown of current ratings and recommmendations for Extraction Oil & Gas and Mid-Con Energy Partners, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Extraction Oil & Gas||1||7||5||0||2.31|
|Mid-Con Energy Partners||0||0||0||0||N/A|
This table compares Extraction Oil & Gas and Mid-Con Energy Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Extraction Oil & Gas||7.21%||-2.57%||-1.12%|
|Mid-Con Energy Partners||-19.67%||16.30%||4.32%|
Insider and Institutional Ownership
12.0% of Mid-Con Energy Partners shares are held by institutional investors. 9.2% of Extraction Oil & Gas shares are held by company insiders. Comparatively, 7.3% of Mid-Con Energy Partners shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Earnings & Valuation
This table compares Extraction Oil & Gas and Mid-Con Energy Partners’ gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Extraction Oil & Gas||$1.06 billion||0.65||$114.57 million||($0.10)||-42.10|
|Mid-Con Energy Partners||$72.79 million||0.29||-$18.25 million||N/A||N/A|
Extraction Oil & Gas has higher revenue and earnings than Mid-Con Energy Partners.
Volatility and Risk
Extraction Oil & Gas has a beta of 1.6, indicating that its share price is 60% more volatile than the S&P 500. Comparatively, Mid-Con Energy Partners has a beta of 1.81, indicating that its share price is 81% more volatile than the S&P 500.
Extraction Oil & Gas beats Mid-Con Energy Partners on 7 of the 11 factors compared between the two stocks.
About Extraction Oil & Gas
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. As of December 31, 2018, it had approximately 179,300 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 138,100 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 347.9MMBoe; and had 1,538 gross producing wells. The company was founded in 2012 and is headquartered in Denver, Colorado.
About Mid-Con Energy Partners
Mid-Con Energy Partners, LP engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent, Permian, Big Horn, and Powder River Basin regions of the United States in Oklahoma, Texas, and Wyoming areas. As of December 31, 2018, its total estimated proved reserves were 24.8 million barrel of oil equivalent. Mid-Con Energy GP, LLC serves as the general partner of Mid-Con Energy Partners, LP. The company was founded in 2011 and is headquartered in Tulsa, Oklahoma.
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