Extraction Oil & Gas (NASDAQ:XOG) Sees Unusually-High Trading Volume

Extraction Oil & Gas, Inc. (NASDAQ:XOG) shares saw unusually-high trading volume on Monday . Approximately 7,964 shares changed hands during mid-day trading, a decline of 95% from the previous session’s volume of 151,698 shares.The stock last traded at $55.66 and had previously closed at $54.16.

Separately, Wells Fargo & Company lowered their target price on Extraction Oil & Gas from $75.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, August 23rd.

The business has a 50-day moving average price of $46.05 and a two-hundred day moving average price of $45.97. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.45 billion and a PE ratio of -21.32.

Extraction Oil & Gas (NASDAQ:XOG) last released its quarterly earnings data on Monday, August 9th. The energy company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.75). The business had revenue of $223.63 million for the quarter, compared to the consensus estimate of $181.70 million. On average, equities research analysts predict that Extraction Oil & Gas, Inc. will post 13.07 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of XOG. Prudential Financial Inc. acquired a new stake in shares of Extraction Oil & Gas in the first quarter valued at approximately $101,112,000. Beach Point Capital Management LP acquired a new stake in Extraction Oil & Gas during the first quarter worth approximately $41,986,000. Oaktree Capital Management LP acquired a new stake in Extraction Oil & Gas during the first quarter worth approximately $40,036,000. BlackRock Inc. acquired a new stake in Extraction Oil & Gas during the first quarter worth approximately $34,242,000. Finally, FMR LLC boosted its position in Extraction Oil & Gas by 997.8% during the second quarter. FMR LLC now owns 920,915 shares of the energy company’s stock worth $50,567,000 after acquiring an additional 837,031 shares during the last quarter. 96.52% of the stock is owned by institutional investors.

Extraction Oil & Gas Company Profile (NASDAQ:XOG)

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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