Extraction Oil & Gas Inc. (NASDAQ:XOG) Relative Strength Index (RSI) is 72.80, with weekly volatility at 2.46% and ATR at 1.90. The XOG stock’s 52-week price range has touched low of $18.00 and a $50.97 high. Intraday shares traded counted 0.46 million, which was -335.32% lower than its 30-day average trading volume of 104.94K. Its shares traded lower over the last trading session, losing -0.82% on 05/27/21. The shares fell to a low of $49.49 before closing at $49.49. XOG’s previous close was $49.90 while the outstanding shares total 25.88M.
Investors have identified the Oil & Gas E&P company Extraction Oil & Gas Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.28 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Extraction Oil & Gas Inc. (XOG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 183.75 million total, with 422.26 million as their total liabilities.
XOG were able to record 132.63 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -141.82 million. In cash movements, the company had a total of 164.45 million as operating cash flow.
Potential earnings growth for Extraction Oil & Gas Inc. (XOG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Extraction Oil & Gas Inc. recorded a total of 292.48 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 43.52% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 41.41%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 137.92 million trying to sell their products during the last quarter, with the result yielding a gross income of 154.56 million. This allows shareholders to hold on to 25.88M with the recently reported earning now reading 37.62 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (-1.72 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on XOG sounds very interesting.
Is the stock of XOG attractive?
In related news, President & CEO, Owens Matthew R sold 183,776 shares of the company’s stock in a transaction that recorded on Jun 30. The sale was performed at an average price of 0.13, for a total value of 23,156. As the sale deal closes, the President & CEO, Owens Matthew R now sold 128,392 shares of the company’s stock, valued at 16,177. Also, President & CEO, Owens Matthew R sold 183,775 shares of the company’s stock in a deal that was recorded on Jun 29. The shares were price at an average price of 0.16 per share, with a total market value of 29,772. Following this completion of acquisition, the President & CEO, Owens Matthew R now holds 128,391 shares of the company’s stock, valued at 20,799. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
1 out of 2 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Extraction Oil & Gas Inc.. 0 analysts has assigned a Sell rating on the XOG stock. The 12-month mean consensus price target for the company’s shares has been set at $69.00.