Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Extraction Oil & Gas (NASDAQ: XOG) today and set a price target of $22. The company’s shares closed yesterday at $15.07.
Sorbara noted:
“We view the deal as in line with expectaons, but a long-term p osive on financials with significant value creaon and oponality. We rea ffirm our Buy rang and $22 PT.”
According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 6.9% and a 60.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Gastar Exploration.
Extraction Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of $19.
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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 2M.
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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.
