-$0.07 Earnings Per Share Expected for Extraction Oil & Gas Inc (NASDAQ:XOG) This Quarter

Wall Street analysts forecast that Extraction Oil & Gas Inc (NASDAQ:XOG) will report earnings of ($0.07) per share for the current quarter, Zacks reports. Five analysts have made estimates for Extraction Oil & Gas’ earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at $0.01. Extraction Oil & Gas posted earnings per share of ($0.30) in the same quarter last year, which would indicate a positive year over year growth rate of 76.7%. The company is scheduled to report its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Extraction Oil & Gas will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.48) to ($0.05). For the next financial year, analysts forecast that the company will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.39) to $0.17. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Extraction Oil & Gas.

A number of research firms have weighed in on XOG. Barclays began coverage on Extraction Oil & Gas in a research report on Friday, August 30th. They set an “underweight” rating and a $4.00 price target on the stock. Citigroup downgraded Extraction Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.50 to $2.50 in a research report on Monday. Wells Fargo & Co restated a “hold” rating on shares of Extraction Oil & Gas in a research report on Monday, October 14th. Stephens downgraded Extraction Oil & Gas from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $6.00 to $4.00 in a research report on Wednesday, October 16th. Finally, ValuEngine upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Extraction Oil & Gas has a consensus rating of “Hold” and a consensus price target of $5.22.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCommodity Management LLC grew its stake in shares of Extraction Oil & Gas by 1.7% during the second quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock valued at $1,257,000 after buying an additional 4,779 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Extraction Oil & Gas by 4.4% during the third quarter. Rhumbline Advisers now owns 146,603 shares of the energy company’s stock valued at $431,000 after buying an additional 6,131 shares during the last quarter. JJJ Advisors Inc. grew its stake in shares of Extraction Oil & Gas by 6.8% during the second quarter. JJJ Advisors Inc. now owns 143,019 shares of the energy company’s stock valued at $619,000 after buying an additional 9,103 shares during the last quarter. Signition LP bought a new position in shares of Extraction Oil & Gas during the second quarter valued at about $61,000. Finally, Swiss National Bank grew its stake in shares of Extraction Oil & Gas by 7.7% during the second quarter. Swiss National Bank now owns 207,500 shares of the energy company’s stock valued at $898,000 after buying an additional 14,800 shares during the last quarter.

Shares of XOG stock traded down $0.27 on Friday, reaching $1.87. The company’s stock had a trading volume of 3,367,873 shares, compared to its average volume of 4,230,435. The stock’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $3.56. Extraction Oil & Gas has a 12-month low of $1.66 and a 12-month high of $8.55. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $311.30 million, a P/E ratio of -18.70 and a beta of 1.87.

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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Earnings History and Estimates for Extraction Oil & Gas (NASDAQ:XOG)

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