Alliancebernstein L.P. Has $923,000 Stake in Extraction Oil & Gas Inc (NYSE:XOG)

Alliancebernstein L.P. boosted its position in shares of Extraction Oil & Gas Inc (NYSE:XOG) by 109.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,745 shares of the energy company’s stock after buying an additional 25,996 shares during the period. Alliancebernstein L.P.’s holdings in Extraction Oil & Gas were worth $923,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Extraction Oil & Gas by 3.9% in the first quarter. American Century Companies Inc. now owns 546,143 shares of the energy company’s stock worth $10,131,000 after buying an additional 20,679 shares during the last quarter. State Street Corp bought a new position in Extraction Oil & Gas during the fourth quarter worth about $6,718,000. JPMorgan Chase & Co. increased its position in Extraction Oil & Gas by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 82,762 shares of the energy company’s stock worth $1,535,000 after buying an additional 25,782 shares during the last quarter. Beach Point Capital Management LP increased its position in Extraction Oil & Gas by 223.6% in the first quarter. Beach Point Capital Management LP now owns 2,254,228 shares of the energy company’s stock worth $41,741,000 after buying an additional 1,557,629 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Extraction Oil & Gas by 2.8% in the first quarter. Stifel Financial Corp now owns 59,700 shares of the energy company’s stock valued at $1,111,000 after buying an additional 1,600 shares during the last quarter.

Extraction Oil & Gas Inc (XOG) opened at 12.18 on Friday. The firm’s 50-day moving average is $12.57 and its 200-day moving average is $15.64. Extraction Oil & Gas Inc has a 12 month low of $11.31 and a 12 month high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $121.15 million. Extraction Oil & Gas had a return on equity of 2.15% and a net margin of 9.72%. The business’s quarterly revenue was up 83.2% compared to the same quarter last year. On average, analysts expect that Extraction Oil & Gas Inc will post ($0.09) earnings per share for the current fiscal year.

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XOG has been the topic of several research reports. Barclays PLC restated a “buy” rating and set a $24.00 price objective on shares of Extraction Oil & Gas in a report on Wednesday, May 24th. Royal Bank Of Canada set a $25.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research upgraded shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, June 20th. Citigroup Inc. lowered their target price on shares of Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Finally, SunTrust Banks, Inc. set a $20.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.82.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

Institutional Ownership by Quarter for Extraction Oil & Gas (NYSE:XOG)

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