BMO Capital Intiated Extraction Oil & Gas (NASDAQ:XOG) Stock Coverage With a “Market Perform” Rating and TP of $19.0

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BMO Capital Markets Analyst Rating Change Extraction Oil & Gas NASDAQ:XOG

Extraction Oil & Gas (NASDAQ:XOG) Price Target & New Coverage by BMO Capital

Equity research analysts at BMO Capital has initiated coverage on Extraction Oil & Gas (NASDAQ:XOG) with “Market Perform” rating. The TP for XOG is exactly $19.0. It would suggest a potential upside of 17.72 % from company’s last stock close.

The initiation is well received by equity traders, as NASDAQ:XOG is currently trading 1.55% higher at $16.39 as of 4:02 AM New York time. Extraction Oil & Gas’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has gained 6.00% in the same time.

Extraction Oil & Gas (NASDAQ:XOG) Profile

Extraction Oil & Gas, Inc., formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado. It focuses on the development of the Codell and Niobrara formations.

Extraction Oil & Gas (NASDAQ:XOG) traded up 1.55% on 19 May, hitting $16.39. A total of 401,193 shares of the company’s stock traded hands. This is down from average of 1.20 million shares. Extraction Oil & Gas has a 52 week low of $13.96 and a 52 week high of $25.08. The company has a market cap of $2.83 billion and a P/E ratio of 0.

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