Williams Capital analyst Gabriele Sorbara maintained a Buy rating on Extraction Oil & Gas (XOG) today and set a price target of $9. The company’s shares closed yesterday at $5.25, close to its 52-week low of $5.12.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.0% and a 35.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Carrizo Oil & Gas.
Currently, the analyst consensus on Extraction Oil & Gas is a Moderate Buy with an average price target of $12.29, implying a 134.1% upside from current levels. In a report issued on December 6, Stephens also initiated coverage with a Buy rating on the stock with a $17 price target.
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Based on Extraction Oil & Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $61.85 million. In comparison, last year the company had a GAAP net loss of $29.8 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.
