Zacks Investment Research lowered shares of Extraction Oil & Gas Inc (NYSE:XOG) from a buy rating to a hold rating in a report published on Saturday morning.

According to Zacks, “Extraction Oil & Gas, Inc. is an oil and gas company. It focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Extraction Oil & Gas, Inc. is based in Denver, United States. “

Several other equities analysts have also issued reports on XOG. SunTrust Banks, Inc. set a $20.00 target price on Extraction Oil & Gas and gave the stock a buy rating in a report on Saturday, July 22nd. Royal Bank Of Canada set a $25.00 price target on Extraction Oil & Gas and gave the company a buy rating in a research note on Saturday, June 24th. KeyCorp restated a buy rating and set a $17.00 price target on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. BMO Capital Markets raised Extraction Oil & Gas from a market perform rating to an outperform rating and set a $17.00 price objective for the company in a research note on Monday, August 7th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Extraction Oil & Gas from a hold rating to a sell rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $21.33.

Shares of Extraction Oil & Gas (NYSE XOG) opened at 15.38 on Friday. The company’s 50-day moving average price is $14.33 and its 200-day moving average price is $14.33. Extraction Oil & Gas has a 52-week low of $12.98 and a 52-week high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last issued its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $119.80 million for the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The business’s quarterly revenue was up 83.2% compared to the same quarter last year. Equities analysts expect that Extraction Oil & Gas will post $0.02 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in Extraction Oil & Gas by 182.6% during the 1st quarter. Morgan Stanley now owns 62,211 shares of the energy company’s stock worth $1,154,000 after acquiring an additional 40,196 shares during the last quarter. GeoSphere Capital Management grew its stake in shares of Extraction Oil & Gas by 18.6% in the 1st quarter. GeoSphere Capital Management now owns 200,000 shares of the energy company’s stock worth $3,710,000 after acquiring an additional 31,345 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Extraction Oil & Gas by 1,697.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,559 shares of the energy company’s stock valued at $330,000 after purchasing an additional 23,193 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Extraction Oil & Gas by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock valued at $1,535,000 after purchasing an additional 25,782 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Extraction Oil & Gas by 52.9% in the second quarter. American Century Companies Inc. now owns 834,954 shares of the energy company’s stock valued at $11,230,000 after purchasing an additional 288,811 shares during the last quarter.

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

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