Hot Move to Watch: Extraction Oil & Gas Inc (NASDAQ: XOG)

On Monday, Shares of Extraction Oil & Gas Inc (NASDAQ: XOG) lost -1.23% to $14.51. The stock opened its trade at $14.57 and after floating in a price range of $14.15 to $15.08; the stock grabbed the investor’s attention and traded 901.82K shares as compared to its average daily volume of 2.08M shares. The stock’s institutional ownership stands at 92.60%.

Extraction Oil & Gas, Inc. (XOG) recently stated financial and operational results for the first quarter of 2018.

Financial Results:

For the first quarter, Extraction stated oil, natural gas and NGL sales revenue of $230.20M, as contrast to $89.60M during the same period in 2017, representing a boost of 157%. Revenue increased 8% sequentially, mainly driven by a boost in crude oil production.

Extraction stated a net loss of $52.00M, or $0.32 per basic and diluted share for the first quarter, contrast to net income of $8.70M for the same period in 2017. This net loss was driven predominately by a $50.30M unrealized loss on commodity derivatives. Adjusted EBITDAX, Unhedged was $166.70M for the first quarter, up 224% year-over-year and up 13% sequentially. Adjusted EBITDAX was $141.00M for the first quarter, up 232% year-over-year and up 5% sequentially.

XOG has a market value of $2.60B while its EPS was booked as $-0.84 in the last 12 months. The stock has 179.08M shares outstanding. In the profitability analysis, the company has gross profit margin of 76.50% while net profit margin was -16.30%. Analyst recommendation for this stock stands at 1.80.

David Rich

David Rich

I am David Rich and I focus on breaking news stories and ensuring we (“Stocks Pen”) offer timely reporting on some of the most recent stories released through market wires about “Basic Materials” Sector companies. I have formerly spent over 5 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for “Stocks Pen” specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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