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BMO Capital Reiterates Their Buy Rating on Extraction Oil & Gas (XOG)


BMO Capital analyst Dan McSpirit reiterated a Buy rating on Extraction Oil & Gas (NASDAQ: XOG) on August 10 and set a price target of $17. The company’s shares closed on Friday at $12.27.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 3.6% and a 51.1% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and HighPoint Resources Corporation.

Currently, the analyst consensus on Extraction Oil & Gas is a Moderate Buy with an average price target of $18, which is a 46.7% upside from current levels. In a report issued on August 8, Williams Capital also reiterated a Buy rating on the stock with a $22 price target.

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The company has a one-year high of $17.42 and a one-year low of $10.28. Currently, Extraction Oil & Gas has an average volume of 1.98M.

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Extraction Oil & Gas, Inc. operates as an independent oil and gas company, which focuses on the acquisition, development and production of oil, natural gas and NGL reserves. The company was founded by Mark A. Erickson, Matthew Owens and Jesse Silva in December 2012 and is headquartered in Denver, CO.