The Price Target For Extraction Oil & Gas Inc. (XOG)?

Extraction Oil & Gas Inc. (NASDAQ:XOG) finished Friday with an addition of $1.42 to close at $65.91, an upside of 2.20 percent. An average of 213,860 shares of common stock have been traded in the last five days. There was a gain of $2.66 in the past week. The last 20 days have seen an average of 225,255 shares traded, while the 50-day average volume stands at 190,034.

XOG stock has increased by 23.54% in the last month. The company shares reached their 1-month lowest point of $52.48 on 09/23/21. Shares of the company touched a low of $18.00 and a high of $65.49 in 52 weeks. In spite of this, the price is up 0.64% from the 52-week high.


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Valuation Metrics

Extraction Oil & Gas Inc. (XOG) has a trailing price-to-earnings (P/E) ratio of 2.15, which compares with the 18.90 for the broader industry and 20.20 for the sector. In the last five years, Extraction Oil & Gas Inc.’s PE ratio has ranged between 20.70 and 4.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.95, the price-to-book (PB) ratio at 2.55, and the price-to-cash flow ratio at 4.88.

The quick ratio of Extraction Oil & Gas Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Extraction Oil & Gas Inc.’s EBITDA margin for the year ending June 29 is 32.21%, while its operating margin for the same period stands at 22.90%. Its gross profit as reported stood at -$625.85 million compared to revenue of $557.9 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Extraction Oil & Gas Inc.’s return on assets was -0.30%.

Earnings Surprise

For the three-month period that ended June 29, Extraction Oil & Gas Inc. had $90.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $24.54 million in the quarter, while revenues of $2.88 million were grew 1289.61%. The analyst consensus anticipated Extraction Oil & Gas Inc.’s latest quarter earnings to come in at $1.16 per share, but it turned out to be $0.93, a -19.80% surprise. For the quarter, EBITDA amounted to $157.83 million. Shareholders own equity worth $25.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Extraction Oil & Gas Inc. (XOG) price momentum. RSI 9-day as of the close on 22 October was 81.94%, suggesting the stock is Overbought, with historical volatility in this time frame at 18.01%.

As of today, XOG’s price is $64.48 +4.21% or $2.66 from its 5-day moving average. XOG is currently trading +21.69% higher than its 20-day SMA and +25.42% higher than its 100-day SMA. However, the stock’s current price level is +49.05% above the SMA50.

The stochastic %K and %D were 95.89% and 92.48%, respectively, and the average true range (ATR) was 2.14. With the 14-day stochastic at 99.27% and the average true range at 2.17, the RSI (14) stands at 78.69%. The stock has reached 2.11 on the 9-day MACD Oscillator while the 14-day reading was at 3.75.

Analyst Ratings

Wells Fargo upgraded Extraction Oil & Gas Inc. (NASDAQ: XOG) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Extraction Oil & Gas Inc. (XOG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell XOG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is XOG’s price target for the next 12 months?

Analysts predict a range of price targets between $71.00 and $71.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for Extraction Oil & Gas Inc. (XOG) stock is $71.00.

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