RBC Capital analyst Scott Hanold reiterated a Buy rating on Extraction Oil & Gas (NASDAQ: XOG) on July 9 and set a price target of $17. The company’s shares opened today at $15.09.
According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.
Extraction Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $19, which is a 25.9% upside from current levels. In a report issued on July 10, Williams Capital also reiterated a Buy rating on the stock with a $22 price target.
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Based on Extraction Oil & Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $52 million. In comparison, last year the company had a net profit of $7.24 million.
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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.
