Utah Retirement Systems Takes Position in Extraction Oil & Gas Inc (XOG)

Utah Retirement Systems bought a new stake in Extraction Oil & Gas Inc (NYSE:XOG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,000 shares of the energy company’s stock, valued at approximately $296,000.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in Extraction Oil & Gas by 1,416.4% in the 1st quarter. Legal & General Group Plc now owns 10,084 shares of the energy company’s stock valued at $187,000 after purchasing an additional 9,419 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in Extraction Oil & Gas in the 2nd quarter valued at approximately $148,000. US Bancorp DE acquired a new stake in Extraction Oil & Gas in the 2nd quarter valued at approximately $215,000. Ameriprise Financial Inc. increased its holdings in Extraction Oil & Gas by 2.4% in the 1st quarter. Ameriprise Financial Inc. now owns 17,735 shares of the energy company’s stock valued at $329,000 after purchasing an additional 420 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Extraction Oil & Gas in the 2nd quarter valued at approximately $299,000.

Extraction Oil & Gas Inc (NYSE:XOG) opened at 13.79 on Friday. The firm has a 50 day moving average of $13.58 and a 200 day moving average of $15.60. Extraction Oil & Gas Inc has a 1-year low of $12.98 and a 1-year high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last released its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. Extraction Oil & Gas’s revenue was up 83.2% on a year-over-year basis. On average, equities research analysts forecast that Extraction Oil & Gas Inc will post $0.02 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Royal Bank Of Canada set a $25.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, June 24th. BMO Capital Markets upgraded shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, August 7th. They noted that the move was a valuation call. Citigroup Inc. dropped 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. ValuEngine downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Extraction Oil & Gas currently has an average rating of “Buy” and a consensus target price of $22.00.

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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.

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

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