$267.63 Million in Sales Expected for Extraction Oil & Gas Inc (NASDAQ:XOG) This Quarter

Brokerages forecast that Extraction Oil & Gas Inc (NASDAQ:XOG) will report sales of $267.63 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Extraction Oil & Gas’ earnings, with the highest sales estimate coming in at $279.00 million and the lowest estimate coming in at $255.39 million. Extraction Oil & Gas reported sales of $288.17 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The company is expected to announce its next earnings results after the market closes on Thursday, March 5th.

On average, analysts expect that Extraction Oil & Gas will report full year sales of $904.87 million for the current fiscal year, with estimates ranging from $876.31 million to $944.40 million. For the next year, analysts expect that the business will post sales of $983.22 million, with estimates ranging from $957.93 million to $997.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Extraction Oil & Gas.

Several research firms have recently commented on XOG. Wells Fargo & Co cut shares of Extraction Oil & Gas from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $6.00 to $4.00 in a report on Thursday, January 9th. BidaskClub cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. SunTrust Banks restated a “buy” rating and set a $5.00 price target on shares of Extraction Oil & Gas in a report on Tuesday, January 21st. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a report on Saturday, February 8th. Finally, Credit Suisse Group cut shares of Extraction Oil & Gas from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.07.

NASDAQ XOG traded down $0.07 on Friday, hitting $0.95. 1,379,853 shares of the stock were exchanged, compared to its average volume of 2,023,808. Extraction Oil & Gas has a 52-week low of $0.92 and a 52-week high of $5.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.59 and a quick ratio of 0.53. The company has a market capitalization of $156.68 million, a price-to-earnings ratio of 2.32 and a beta of 2.07. The company’s 50-day moving average price is $1.75 and its two-hundred day moving average price is $2.48.

A number of institutional investors have recently added to or reduced their stakes in XOG. Spark Investment Management LLC acquired a new position in shares of Extraction Oil & Gas during the fourth quarter valued at about $34,000. Virtu Financial LLC acquired a new position in shares of Extraction Oil & Gas during the third quarter valued at about $45,000. Oxford Asset Management LLP acquired a new position in shares of Extraction Oil & Gas during the fourth quarter valued at about $46,000. SG Americas Securities LLC acquired a new position in shares of Extraction Oil & Gas during the third quarter valued at about $52,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Extraction Oil & Gas during the third quarter valued at about $88,000.

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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