Williams Capital Thinks Extraction Oil & Gas’ Stock is Going to Recover


Williams Capital analyst Gabriele Sorbara maintained a Buy rating on Extraction Oil & Gas (XOG) today and set a price target of $8. The company’s shares opened today at $3.45, close to its 52-week low of $3.39.

According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -11.0% and a 32.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Carrizo Oil & Gas.

Extraction Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $10.33.

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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 $30.57 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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