Williams Capital Keeps Their Buy Rating on Extraction Oil & Gas


Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Extraction Oil & Gas (NASDAQ: XOG) today and set a price target of $20. The company’s shares closed yesterday at $14.73.

According to TipRanks.com, Sorbara is a 1-star analyst with an average return of 0.0% and a 48.6% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Gastar Exploration.

Currently, the analyst consensus on Extraction Oil & Gas is Strong Buy and the average price target is $18.50, representing a 25.6% upside.

In a report issued on May 4, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $21 price target.

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Based on Extraction Oil & Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $30.57 million. In comparison, last year the company had a net profit of $8.72 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.

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