Extraction Oil & Gas, Inc. (NASDAQ:XOG) marched up 23.57% compared to a 52-week low price of $3.14. The shares were last seen trading -6.95% lower, taking the closing price at $3.88 on 7/17/2019. At a recent session, the prices were hovering between $3.84 and $4.255. This company shares are 82.47% off its target price of $7.08 and the current market capitalization stands at $658.09M. The recent change has given its price a -1.92% deficit over SMA 50 and -75.08% deficit over its 52-week high. The stock witnessed 5.43% gains, -22.71% declines and -19.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found XOG’s volatility during a week at 7.84% and during a month it has been found around 6.67%.
What Does Extraction Oil & Gas, Inc. (XOG) Do?
The company describes itself in regulatory filings as, “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.” [Text can be found here: https://www.marketwatch.com/investing/stock/XOG/profile under company description.]Extraction Oil & Gas, Inc. (XOG) Top Holders
Institutional investors currently hold around $688 million or 0% in XOG stock. Look at its top three institutional owners: Yt Extraction Co Investment Partners, Lp owns $84.82 million in Extraction Oil & Gas, Inc., which represents roughly 12.89% of the company’s market cap and approximately 12.33% of the institutional ownership. Similar statistics are true for the second largest owner, Yorktown Energy Partners X, L.P., which owns 17,554,262 shares of the stock are valued at $73.2 million. The third largest holder is Luminus Management Llc, which currently holds $46.7 million worth of this stock and that ownership represents nearly 7.1% of its market capitalization.Extraction Oil & Gas, Inc. 13F Filings
At the end of March reporting period, 69 institutional holders increased their position in Extraction Oil & Gas, Inc. (NASDAQ:XOG) by some 30,530,973 shares, 78 decreased positions by 42,595,038 and 29 held positions by 91,769,091. That puts total institutional holdings at 164,895,102 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 5,201,338 shares while 38 institutional investors sold out their entire positions totaling 25,661,011 shares.
Multiple company employees have indulged in significant insider trading. Extraction Oil & Gas, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman and CEO ERICKSON MARK has sold 70,024 shares of Extraction Oil & Gas, Inc. (XOG) in the trading session dated Jun. 24, 2019. These shares are worth $285,698 and were traded at $4.08 each. The SEC filing shows that Evans Donald L performed a purchase of 40,000 shares. The Director added these shares by way of transaction on Mar. 01, 2019. The company’s shares were assimilated at $4.25 per share worth to an investment of some $170,000 to the account of Evans Donald L.
President and Director, Owens Matthew R, sold 400,000 common shares of Extraction Oil & Gas, Inc. (XOG) in the open market. In a transaction dated Dec. 20, 2017, the shares were put up for sale at an average price of $14.81, raking in a sum of $5,924,000. After this sale, 5,222,098 common shares of XOG are directly owned by the insider, with total stake valued at $20,261,740.Extraction Oil & Gas, Inc. (XOG) Analyst Guide
Several analysts have released their opinion on Extraction Oil & Gas, Inc. (NASDAQ:XOG), with 3 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.43 average brokerage recommendation [T1].