Latest Stocks: ValuEngine Downgrades Extraction Oil & Gas Inc (XOG) to Sell

Latest Stocks: ValuEngine Downgrades Extraction Oil & Gas Inc (XOG) to Sell

Extraction Oil & Gas Inc (NYSE:XOG) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other equities research analysts have also weighed in on XOG. Royal Bank of Canada set a $25.00 price objective on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, April 15th. Credit Suisse Group AG reissued an “outperform” rating and set a $23.00 price objective on shares of Extraction Oil & Gas in a report on Friday. BMO Capital Markets assumed coverage on shares of Extraction Oil & Gas in a report on Friday, May 19th. They set a “market perform” rating and a $19.00 price objective on the stock. Barclays PLC reissued a “buy” rating and set a $24.00 price objective on shares of Extraction Oil & Gas in a report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Extraction Oil & Gas presently has an average rating of “Buy” and an average target price of $24.70.

Extraction Oil & Gas (NYSE XOG) opened at 14.27 on Friday. The stock’s 50 day moving average price is $15.95 and its 200 day moving average price is $18.14. Extraction Oil & Gas has a 12-month low of $13.74 and a 12-month high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last announced its quarterly earnings data on Tuesday, May 9th. The energy company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.21. The company had revenue of $89.60 million for the quarter, compared to analysts’ expectations of $75.66 million. Extraction Oil & Gas’s revenue was up 98.7% compared to the same quarter last year. Analysts anticipate that Extraction Oil & Gas will post $0.04 EPS for the current year. Hedge funds and other institutional investors have recently bought and sold shares of the stock. YT Extraction Co Investment Partners LP acquired a new position in Extraction Oil & Gas during the fourth quarter worth about $407,629,000. Yorktown Energy Partners X L.P. acquired a new position in Extraction Oil & Gas during the fourth quarter worth about $351,787,000. OZ Management LP acquired a new position in Extraction Oil & Gas during the first quarter worth about $309,828,000. FMR LLC increased its position in Extraction Oil & Gas by 14.8% in the first quarter. FMR LLC now owns 12,944,940 shares of the energy company’s stock worth $240,129,000 after buying an additional 1,667,142 shares in the last quarter. Finally, BlackRock Inc. increased its position in Extraction Oil & Gas by 743.0% in the first quarter. BlackRock Inc. now owns 9,822,422 shares of the energy company’s stock worth $182,206,000 after buying an additional 8,657,191 shares in the last quarter.

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