Brokerages Expect Extraction Oil & Gas Inc (NASDAQ:XOG) Will Announce Earnings of -$0.06 Per Share

Equities analysts expect Extraction Oil & Gas Inc (NASDAQ:XOG) to post earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Extraction Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.10). Extraction Oil & Gas reported earnings per share of ($0.30) during the same quarter last year, which suggests a positive year over year growth rate of 80%. The business is expected to report its next earnings results after the market closes on Thursday, March 5th.

On average, analysts expect that Extraction Oil & Gas will report full-year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.23). For the next year, analysts forecast that the business will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.59) to ($0.25). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Extraction Oil & Gas.

A number of analysts have recently commented on XOG shares. Imperial Capital cut shares of Extraction Oil & Gas from an “outperform” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $2.00 in a report on Thursday, October 17th. SunTrust Banks restated a “buy” rating and set a $5.00 target price on shares of Extraction Oil & Gas in a report on Tuesday, January 21st. Williams Capital restated a “buy” rating and set a $5.50 target price on shares of Extraction Oil & Gas in a report on Friday, November 8th. Credit Suisse Group cut shares of Extraction Oil & Gas from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 22nd. Finally, Siebert Williams Shank cut shares of Extraction Oil & Gas from a “buy” rating to a “hold” rating and dropped their target price for the company from $5.50 to $2.00 in a report on Monday, January 27th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Extraction Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $4.07.

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in shares of Extraction Oil & Gas by 73.1% in the first quarter. First Trust Advisors LP now owns 808,686 shares of the energy company’s stock valued at $3,421,000 after acquiring an additional 341,607 shares during the period. Northern Trust Corp boosted its stake in Extraction Oil & Gas by 9.3% in the 2nd quarter. Northern Trust Corp now owns 592,338 shares of the energy company’s stock worth $2,564,000 after purchasing an additional 50,579 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Extraction Oil & Gas by 16.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 363,292 shares of the energy company’s stock worth $1,573,000 after purchasing an additional 52,169 shares during the period. Vanguard Group Inc. boosted its stake in Extraction Oil & Gas by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,312,447 shares of the energy company’s stock worth $44,653,000 after purchasing an additional 150,768 shares during the period. Finally, Royal Bank of Canada boosted its stake in Extraction Oil & Gas by 578.1% in the 2nd quarter. Royal Bank of Canada now owns 21,361 shares of the energy company’s stock worth $92,000 after purchasing an additional 18,211 shares during the period.

Shares of XOG stock traded down $0.07 during mid-day trading on Friday, reaching $0.95. 1,379,853 shares of the company’s stock traded hands, compared to its average volume of 2,023,808. Extraction Oil & Gas has a 12 month low of $0.92 and a 12 month high of $5.67. The company has a market cap of $156.68 million, a P/E ratio of 2.32 and a beta of 2.07. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $1.75 and its 200-day moving average price is $2.48.

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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