Jefferies Reaffirms Their Hold Rating on Extraction Oil & Gas

By Jason Carr

Jefferies analyst Mark Lear reiterated a Hold rating on Extraction Oil & Gas (NASDAQ: XOG) on July 9 and set a price target of $14. The company’s shares closed yesterday at $14.56.

According to, Lear is a 3-star analyst with an average return of 2.6% and a 52.7% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

Extraction Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of $18.50.

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Based on Extraction Oil & Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $52 million. In comparison, last year the company had a net profit of $7.24 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.