Extraction Oil & Gas Inc (XOG) Short Interest Update

Extraction Oil & Gas Inc (NASDAQ:XOG) was the target of a significant growth in short interest in September. As of September 14th, there was short interest totalling 14,964,291 shares, a growth of 16.4% from the August 31st total of 12,859,298 shares. Based on an average daily trading volume, of 2,249,497 shares, the days-to-cover ratio is presently 6.7 days. Currently, 13.6% of the company’s stock are sold short.

A number of brokerages have recently weighed in on XOG. BMO Capital Markets reiterated a “buy” rating and set a $17.00 price target on shares of Extraction Oil & Gas in a report on Monday, August 13th. Williams Capital reiterated a “buy” rating and set a $20.00 price target on shares of Extraction Oil & Gas in a report on Tuesday, August 21st. KLR Group reiterated a “buy” rating and set a $25.00 price target on shares of Extraction Oil & Gas in a report on Monday, August 20th. BidaskClub downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Finally, Jefferies Financial Group set a $16.00 price objective on Extraction Oil & Gas and gave the company a “hold” rating in a research report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.55.

Several large investors have recently made changes to their positions in XOG. Swiss National Bank lifted its position in shares of Extraction Oil & Gas by 4.5% in the first quarter. Swiss National Bank now owns 179,500 shares of the energy company’s stock worth $2,057,000 after buying an additional 7,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Extraction Oil & Gas by 7.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 429,211 shares of the energy company’s stock worth $4,919,000 after buying an additional 30,004 shares during the last quarter. Northern Trust Corp lifted its position in shares of Extraction Oil & Gas by 3.2% in the first quarter. Northern Trust Corp now owns 594,022 shares of the energy company’s stock worth $6,807,000 after buying an additional 18,292 shares during the last quarter. BlackRock Inc. lifted its position in shares of Extraction Oil & Gas by 0.3% in the first quarter. BlackRock Inc. now owns 13,042,511 shares of the energy company’s stock worth $149,467,000 after buying an additional 33,221 shares during the last quarter. Finally, Employees Retirement System of Texas lifted its position in shares of Extraction Oil & Gas by 55.8% in the first quarter. Employees Retirement System of Texas now owns 310,000 shares of the energy company’s stock worth $3,553,000 after buying an additional 111,000 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

XOG opened at $11.13 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 371.00 and a beta of 0.75. Extraction Oil & Gas has a 1 year low of $10.04 and a 1 year high of $17.42. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. The firm had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. analysts predict that Extraction Oil & Gas will post 0.52 earnings per share for the current year.

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. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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