Extraction Oil & Gas (NASDAQ:XOG) Downgraded to “Equal Weight” at Stephens

Stephens cut shares of Extraction Oil & Gas (NASDAQ:XOG) from an overweight rating to an equal weight rating in a research report report published on Wednesday, October 16th, BenzingaRatingsTable reports. They currently have $4.00 price objective on the energy company’s stock, down from their previous price objective of $6.00.

A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of Extraction Oil & Gas from a hold rating to a buy rating in a report on Wednesday, October 2nd. Citigroup reduced their price objective on shares of Extraction Oil & Gas from $7.00 to $6.50 and set a buy rating for the company in a report on Monday, September 23rd. BidaskClub cut shares of Extraction Oil & Gas from a sell rating to a strong sell rating in a research report on Friday, September 27th. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a sell rating to a hold rating in a research report on Thursday, August 8th. Finally, Barclays assumed coverage on shares of Extraction Oil & Gas in a research report on Friday, August 30th. They set an underweight rating and a $4.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $5.67.

XOG stock traded down $0.09 during trading on Wednesday, reaching $2.14. The stock had a trading volume of 3,373,700 shares, compared to its average volume of 4,234,410. The firm has a fifty day moving average price of $2.49 and a 200 day moving average price of $3.60. The company has a market capitalization of $311.30 million, a P/E ratio of -21.40 and a beta of 1.87. Extraction Oil & Gas has a 1-year low of $1.66 and a 1-year high of $8.55. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.90.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CoreCommodity Management LLC boosted its stake in Extraction Oil & Gas by 1.7% during the 2nd quarter. CoreCommodity Management LLC now owns 290,392 shares of the energy company’s stock worth $1,257,000 after acquiring an additional 4,779 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Extraction Oil & Gas by 37.5% in the second quarter. Wells Fargo & Company MN now owns 241,000 shares of the energy company’s stock valued at $1,043,000 after buying an additional 65,690 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Extraction Oil & Gas by 388.1% in the second quarter. Balyasny Asset Management LLC now owns 1,136,707 shares of the energy company’s stock worth $4,922,000 after purchasing an additional 903,812 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Extraction Oil & Gas in the second quarter worth $119,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Extraction Oil & Gas by 35.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 614,349 shares of the energy company’s stock worth $2,661,000 after purchasing an additional 161,623 shares in the last quarter.

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.

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

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