Is It Time To Be Bullish On Extraction Oil & Gas, Inc. (XOG)?

Wall Street analysts will be watching closely when Extraction Oil & Gas, Inc. (NASDAQ:XOG) reports its quarterly earnings next, which is scheduled for Tue 26 Feb (In 49 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.12 per share. In the preceding quarter, the company reportedly generated EPS of $0.43 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 32.80%, a profit margin of -2.90% and a gross margin of 81.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Extraction Oil & Gas, Inc. (NASDAQ:XOG). Most recently, on December 14th, 2018, Tudor Pickering Downgrade a Hold rating. Before that, on December 7th, 2018, JP Morgan Downgrade to Underweight. Stephens Initiated a Overweight rating on December 6th, 2018, Credit Suisse Downgrade an Neutral rating on November 12th, 2018, and Imperial Capital Reiterated a Outperform rating on August 9th, 2018.

At its current price point, combined with the fact that this company has 171.89M shares outstanding, the current market capitalization sits at 770.07M. In the last trading day, 2,547,216 shares of Extraction Oil & Gas, Inc. were traded, which compares to its usual volume of about 4.58M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.19 in the past five trading days, resulting in a percentage change of +4.43% and a moving average of 4.42. In the past 20 days, its price changed by -$1.07 (which is -19.28%) and the stock’s moving average was 4.57. Looking back a full 50 days, shares of XOG changed by -$3.58 (which is -44.42%) and demonstrated a moving average of 6.11.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 79.46%, a 14-day Stochastic %K score of 61.62% and a 20-day Stochastic %K score of 35.81%. Using a similar metric, Extraction Oil & Gas, Inc. (XOG) shares showed a Stochastic %D of 73.12% over the past 9 days, a Stochastic %D score of 49.10% over the last 14 days, and a 20-day Stochastic %D of 30.33%. Meanwhile, this stock’s MACD Oscillator was 0.07 over the past 9 days, 0.12 over the past two weeks, and -0.10 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $4.48 level. Over the past 12 months, this stock has experienced a high price of $17.42 and a low of $3.79. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Capital Research Management Co sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Extraction Oil & Gas, Inc. (NASDAQ:XOG) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 11,649,000 shares of the company’s stock following the subtraction of -1,471,000 to this investor’s holdings during the three-month period. This share count represents that Capital Research Management Co now held 6.61% stake in Extraction Oil & Gas, Inc. (XOG)’s shares.

Just in the most recent trading day, Extraction Oil & Gas, Inc. (NASDAQ:XOG) experienced a high price of $4.575 and low point of $4.22. At the end of the last trading session, this stock was at 4.48 per share, following a gain of $0.08, or 0.90% during the full day.