3.1900 0.00 (0.00%)
After hours: 5:01PM EDT
|Bid||3.2500 x 21500|
|Ask||3.2600 x 21500|
|Day's Range||3.0700 - 3.2700|
|52 Week Range||3.0400 - 11.8200|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||6.62|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.92|
Extraction Oil & Gas, Inc. (XOG) (“Extraction”) today announced that its Board of Directors has appointed Audrey Robertson to serve as an independent member of the Company’s Board. Ms. Robertson will serve as a member of the Audit Committee. Ms. Robertson is a Co-Founder and CFO of Franklin Mountain Energy, LLC, a private oil & gas company operating in the core of the Delaware Basin in South East New Mexico.
Extraction Oil & Gas, Inc. (XOG) (“Extraction” or the “Company”) today announced that Russell T. Kelley, Jr., Extraction’s Chief Financial Officer, has resigned from the Company, effective September 15, 2019, to pursue other interests. Tom Brock has been designated by the Board of Directors to assume the role of principal financial officer of the Company and will continue in his current role as Vice President, Chief Accounting Officer. Mr. Brock has served as the Company’s Vice President and Chief Accounting Officer, since 2016 and has over 21 years of energy-focused accounting experience.
Wall Street is drifting lower again on Wednesday as President Donald Trump remains unable to juice prices higher with hopes of a U.S.-China trade deal despite his best efforts on Twitter (NYSE:TWTR). The problem with all his obvious market coddling is that China isn't playing along, with Beijing's strategy appearing to harden its position and push American share prices lower.As a result, the Dow Jones Industrial Average is testing critical support near its 200-day moving average.Despite this, there are areas of the market such as energy that are perking up. Crude oil is challenging down channel resistance that has been in play since April in what looks like a reappearance of fears over tensions with Iran. As a result, a number of extremely cheap oil and gas stocks are perking up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Industry Dividend Stocks for Growth and Income Here are four worth a look: Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSE:NOG) are extending above their 50-day moving average, breaking out of the downtrend channel that has been in place since late April. Watch for a run to the 200-day moving average, which would be worth a gain of nearly 20% from here. Shares are bounding off of support from the early 2018 lows near $1.50.The company has been focused on building out its portfolio of properties, expanding it at a time when prices are cheap and sentiment is low. It completed roughly 40 acquisitions since the end of March, adding approximately 6,325 net acres. Extraction Oil & Gas (XOG)Shares of Extraction (NASDAQ:XOG) look set to push up and over its 200-day moving average for the first time since the summer of 2018, ending a tight sideways consolidation that has been in place since December. Coverage was recently initiated by KeyBanc analysts with a buy rating. Wells Fargo resumed coverage in May and are looking for a $8 price target, a move that would be worth a gain of nearly 100% from here. * 10 Companies Using AI to Grow The company will next report results on Nov. 5 after the close. Analysts are looking for a loss of 10 cents per share on revenues of $236.9 million. When the company last reported on Aug. 1, earnings of 22 cents per share beat estimates by 29 cents on a 14.6% decline in revenues. CNX Resources (CNX)Shares of CNX Resources (NYSE:CNX) have pushed up and over their 50-day moving average, testing the upper end of a multi-month consolidation range in what looks like the end of a downtrend that has been in play since the summer of 2018. Watch for a run at the 200-day moving average, which would be worth a gain of roughly 40% from here.The company will next report results on Oct. 29 before the bell. Analysts are looking for a loss of two cents per share on revenues of $333.7 million. When the company last reported on July 30, earnings of six cents per share missed estimates by eight cents on a 50.5% decline in revenues. WPX Energy (WPX)WPX Energy (NYSE:WPX) shares are emerging above its 50-day moving average, ending a downtrend pattern that's been in place since late April after testing support from its late-December lows. The independent shale oil and gas producer, which is based in Oklahoma and has assets in the Permian and Williston Basins, was recently called a Top Pick by Williams Capital analysts.The company will next report results on Oct. 30 after the close. Analysts are looking for earnings of 13 cents per share on revenues of $647.1 million. When the company last reported on Aug. 5, earnings of nine cents per share beat estimates by two cents on a 61.6% rise in revenues.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 4 Ultra-Cheap Oil Stocks to Buy appeared first on InvestorPlace.
The battles over fracking in northern Colorado opened a new front when Adams County proposed setbacks and rules the industry says overstep county authority and could ban drilling in much of the county. Adams County looked to create its own oil and gas rules after state law reforms, known Senate Bill 181, passed April 16. A draft of the proposal triggered stark warnings from the Colorado Oil and Gas Association in a 12-page letter to the Adams County Planning Commission last week.
U.S. equities look set for a solid open on Wednesday as traders await the release of the latest Federal Reserve meeting minutes. While the economic data remains uneven, President Trump's White House continues to float tax cut ideas as a remedy -- teasing both a capital gains and payroll tax cut. This comes amid worries that a recession could arrive just in time for the 2020 presidential election. Trump took to Twitter this morning to attack the Federal Reserve, yet again, for not cutting rates aggressively enough. The overall message is loud and clear: Both monetary and fiscal stimulus is likely to ramp up.And thus, stocks are starting to perk up. While valuations are still somewhat extended on a historic basis, there are still values to be had. So at times like this, I like to look to lower-priced penny stocks -- or stocks under $10. There are quite a few stocks under $10, so I look to the charts to find ones that look ready for a breakout. * The 10 Best Marijuana Stocks to Buy Now Here are 11 stocks priced under $10 that look ready for a run higher:InvestorPlace - Stock Market News, Stock Advice & Trading Tips GNC (GNC)Shares of supplements and vitamins retailer GNC (NYSE:GNC) are bouncing off of their 50-day moving average in what looks like an emerging rally to its 200-day moving average. Shares have been under massive pressure since peaking in late 2015, losing more than 98% of their value. With expectations so low, the recent announcement of a deal to buy Vitamin Shoppe (NYSE:VSI) for $208 million could result in a relief rally for this penny stock.GNC will next report results on November 8 before the bell. Analysts are looking for earnings of seven cents per share on revenues of $510.1 million. When the company last reported on July 22, earnings of 13 cents beat estimates by a penny on a 13.6% decline in revenues. Smart Sand (SND)Smart Sand (NASDAQ:SND) provides fracking sand and supplies to the energy industry, holding roughly 321 million tons of proven recoverable sand reserves. SNDis somewhat insulated from energy price movements since it's a play on oil and natural gas volumes. And because oil companies must keep pumping out of existing wells when prices fall (to pay fixed costs) profitability has remained intact with a 33% gross margin. * 10 Undervalued Stocks With Breakout Potential Shares look ready for an extension up and out of a three-month consolidation range with a move above its 50-day moving average after the lows set back in December were tested. The company will next report results on November 7 before the bell. Analysts are looking for earnings of 35 cents per share on revenues of $63.1 million. Safe Bulkers (SB)Safe Bulkers (NYSE:SB) provides marine drybulk transportation services out of Greece, helping ship things like coal, grain and iron ore with a fleet of 41 vessels. The company is tied to global trade, which admittedly has been an area of worry amid the standoff between the United States and China. But with Trump increasingly worried about an economic downturn, compromise seems likely.Shares are bouncing off of both their 50-day and 200-day moving averages and look set for a move back to their July high. Such a move would be worth a gain of more than 23% from here. Extraction Oil & Gas (XOG)Shares of independent oil and gas producer Extraction Oil and Gas (NASDAQ:XOG) are once again moving to the upper end of a consolidation range going back to January and look ready for a test above their 200-day moving average that hasn't been tested since the summer of 2018. Coverage of the stock was recently initiated by analysts at KeyBanc Capital Markets with a neutral rating. * Major Headlines Mean Opportunities for Smart Investors The company will next report results on November 5 after the close. Analysts are looking for a loss of nine cents per share on revenues of $238.9 million. When the company last reported on August 1, earnings of 22 cents per share missed estimates by seven cents on a 14.6% decline in revenues. Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSEAMERICAN:NOG) are perking up and over their 50-day moving average and look set for a run towards the 200-day moving average. This caps a downtrend that's been in place since late April, mirroring the pullback in crude oil prices. Management has been using the industry downturn to expand its ground game, buying up acreage at low cost preparing for the inevitable turnaround in energy prices.In the second quarter and third quarter through late July, the company has completed 40 deals snapping up more than 6,000 acres. Deal activity continues to be focused on the Williston Basin in eastern Montana, North Dakota, South Dakota and southern Saskatchewan. AK Steel (AKS)Shares of AK Steel (NYSE:AKS) are holding above their 50-day moving average and look set for another run at their 200-day moving average, continuing a rise off of the late May lows. Because of worries about global manufacturing activity, and thus demand for steel and iron, the stock trades under $10 at an incredibly cheap price-to-earnings multiple of just 4.6x. * 10 Mid-Cap Dividend Stocks to Buy Now The company will next report results on October 24 after the close. Analysts are looking for earnings of six cents per share on revenues of $1.7 billion. When the company last reported on July 29, earnings of 21 cents per share beat estimates by 15 cents on a 3.8% decline in revenues. SRC Energy (SRCI)SRC Energy (NYSEAMERICAN:SRCI) is an independent oil and gas producer based in the Denver basin in Colorado. The company has proved oil and gas reserves of 88 million barrels and 771 billion cubic feet respectively and operates nearly 1,000 wells. Shares are extending off of support from the lows set since December and looks good for a test above its 200-day moving average.The company will next report results on October 24 after the close. Analysts are looking for earnings of six cents per share one revenues of $1.7 billion. When the company last reported on July 29, earnings of 21 cents per share beat estimates by 15 cents on a 3.8% decline in revenues. Comstock Resources (CRK)Shares of Comstock Resources (NYSE:CRK), an independent oil and gas outfit based primarily in Texas, Louisiana and North Dakota, look ready for another run at its 200-day moving average continuing a long sideways channel going back to 2015. Watch for an extension to the $12-a-share level, which would be worth a double from here. * 10 Undervalued Stocks With Breakout Potential The company recently announced the acquisition of Covey Park Energy in a cash and stock transaction valued at roughly $2.2 billion as it expands its footprint in the Haynesville shale area. When analysts at B. Riley FBR initiated coverage back in May, they focused on management's improvement to capital intensity and cost cutting efforts. Prospect Capital Corporation (PSEC)Prospect Capital (NASDAQ:PSEC) is a business development company that specializes in middle market financing, buyouts and recapitalizations of private and micro-cap public companies. It focuses on a variety of industries, from energy to aerospace and consumer services. Shares are testing the upper range of a year-to-date sideways consolidation pattern but look ready for a push back to the early 2017 highs for a move that would be worth a gain of 10% from here.The company will next report results on August 27 after the close. Analysts are looking for earnings of 21 cents per share on revenues of $166.7 million. When the company last reported on May 8, earnings of 21 cents per share beat estimates by a penny on a 5.1% rise in revenues. ASE Technology Holding (ASX)ASE Technology (NYSE:ASX) shares look ready to break up and out of a wedge formation with a push back to levels last seen in the summer of 2018. Such a move would be worth a gain of 10% from here. The company is a provider of semiconductor packaging and testing services -- an industry that is intensely tied to the vagaries of the business cycle since chips are in pretty much every manufactured good. * The 10 Best Marijuana Stocks to Buy Now The company recently reported that July net revenues increased 9% from last year to $1.2 billion. Analysts at Macquarie recently upgraded to buy despite a recent miss of quarterly earnings estimates on better-than-expected revenues. MFA Financial (MFA)MFA Financial (NYSE:MFA) is a diversified REIT focused on residential mortgage assets. Shares have been steadily grinding higher rising along its 200-day moving average as the previous high from late 2017 is challenged. Watch for a breakout here on the expectation of more cheap money easing from the Federal Reserve, which will bolster real estate prices.The company will next report results on November 5 before the bell. Analysts are looking for earnings of 18 cents per share on revenues of $67.8 million. When the company last reported on August 7, earnings of 20 cents per share beat estimates by two cents on a 19.9% rise in revenues.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post 11 Stocks Under $10 to Buy Now appeared first on InvestorPlace.
U.S. equities are bounding higher on Monday as President Trump softens his stance against China -- delaying the imposition of new import tariffs and lightening the restrictions against Huawei -- while at the same time stepping up his calls for the Federal Reserve to increase its monetary policy support of the economy (and financial markets).The result is that the Dow Jones Industrial Average has bounced off of its 200-day moving average and climbed back over the 26,000 level. The Nasdaq Composite is back over 8,000. And the S&P 500 is closing back in on its 50-day moving average. * 10 Undervalued Stocks With Breakout Potential The takeaway: Another medium-term rally appears to be upon us. To maximize exposure, consider these four cheap stocks for promising turnaround plays:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sonos (SONO)Smart speaker maker Sonos (NASDAQ:SONO) is enjoying a near 12% rally this morning, breaking out of a post-IPO trading range going back to December. The company recently put a co-branded low-cost speaker into IKEA stores and is reportedly preparing a launch of a portable Bluetooth speaker into its lineup. Shares were upgraded today by Raymond James analysts, who are looking for a $19 price target.The company will next report results on Nov. 6 after the close. Analysts are looking for a loss of 19 cents per share on revenues of $300 million. When the company last reported on Aug. 7, a loss of 13 cents per share beat estimates by 3 cents on a 24.8% rise in revenues. Wendy's (WEN)Shares of fast food icon Wendy's (NASDAQ:WEN) are pushing up and over a three-month consolidation range to push to new highs. The momentum was spurred by a better-than-expected quarterly report featuring a 29% year-over-year rise in earnings thanks to a 1.4% rise in comp-store sales. Traction is being seen for its Biggie Bag promotion as well as its Made to Crave chicken sandwiches. * 7 Vanguard Funds for Conservative Investors The company will next report results on Nov. 6 before the bell. Analysts are looking for earnings of 16 cents per share on revenues of $429.7 million. When the company last reported on Aug. 7, earnings of 18 cents per share beat estimates by a penny on a 5.9% rise in revenues. Genworth Financial (GNW)Shares of Genworth Financial (NYSE:GNW) have broken up and above their 200-day moving average, returning to levels last seen in late February. Watch for a return to the upper end of a five-year trading range with a move to the $5-a-share level, which would be worth a gain of roughly 15% from here. The company is a provider of mortgage insurance products.Management will next report results on Oct. 29 after the close. Analysts are looking for earnings of 24 cents per share on revenues of $2.1 billion. When the company last reported on July 30, earnings of 40 cents per share beat estimates by 13 cents on a 0.1% decline in revenues. Extraction Oil & Gas (XOG)Extraction Oil & Gas (NASDAQ:XOG), an independent energy company focusing on developing assets in the Rocky Mountain region, looks ready to emerge from a year-to-date consolidation range with a move above its 200-day moving average -- a level that was last crossed in the summer of 2018. Coverage was recently started on the company by analyst at KeyBanc Capital Markets, who initiated with a neutral rating. * 10 Mid-Cap Dividend Stocks to Buy Now The company will next report results on Oct. 31 after the close. Analysts are looking for a loss of 6 cents per share on revenues of $237.4 million. When the company last reported on Aug. 1, earnings of 22 cents missed estimates by 7 cents per share on nearly a 15% decline in revenue.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 4Â Cheap Stocks Ready to Rise appeared first on InvestorPlace.
Colorado oil companies expect natural gas processing constraints in the Denver-Julesburg Basin to ease with the completion of new infrastructure projects worth hundreds of millions of dollars, allowing production to rise more rapidly in coming months. Last week, Denver-based DCP Midstream LP (NYSE: DCP), the biggest natural gas processing and pipeline company in the Denver-Julesburg Basin, brought its O’Connor 2 natural gas processing plant into service and it began reaching full capacity processing 200 million cubic feet of gas daily. The $375 million project, near the town of Kersey in Weld County, is designed to bring DCP Midstream’s total natural gas processing capacity to 1.3 billion cubic feet per day in the Denver-Julesburg Basin.
Today we are going to look at Extraction Oil & Gas, Inc. (NASDAQ:XOG) to see whether it might be an attractive...
EXTRACTION O&G (XOG) delivered earnings and revenue surprises of -75.00% and 0.26%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER, Aug. 01, 2019 -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operational results for the second quarter of.
EXTRACTION O&G (XOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Extraction Oil & Gas, Inc. (XOG) (“Extraction”) today announced that former U.S. Commerce Secretary Donald L. Evans has resigned from the company’s Board of Directors, effective July 26, 2019, for personal reasons. “Former Secretary Evans has been a key member of our board for the last several years,” said Extraction Oil & Gas President and Acting CEO Matt Owens.
Broomfield has demanded that Denver-based Extraction Oil and Gas stop hydraulic fracturing new wells in the city or justify why the company isn’t using equipment for the job that eliminates more air-polluting emissions. The city gave Extraction Oil & Gas until (NYSE: XOG) until Wednesday. The company said Tuesday afternoon that it’s fracking complies with its operators agreement with the city and the fracking will continue.
Moves by governments on the front lines of oil and gas development are hinting at what Colorado’s reformed oil and gas landscape will look like after the state finishes reforming its rules. Colorado’s legislature set off months of new rule-setting at the Colorado Oil and Gas Conservation Commission and the state Air Quality Control Commission in April when it passed sweeping reforms of state oil and gas laws.
DENVER, July 08, 2019 -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) will host a conference call on Thursday, August 1, 2019 at 2:30 PM MDT (4:30 PM EDT) to discuss.
Changes to Colorado oil and gas rules and lower crude prices aren’t diminishing what companies are producing in the state. Oil companies are on pace to pump almost as much oil from the ground as they did in 2018, a year that shattered production records. “The major players — the big five or six companies, especially — are still very active,” said Hakan Corapcioglu, a Littleton-based energy analyst for Drillinginfo.com, an oil and gas analysis firm based in Austin.
Boulder County became the latest local government to freeze land-use permitting for new oil and gas wells, enacting the moratorium in an emergency meeting Friday afternoon. The three commissioners unanimously approved a nine-month moratorium on new well sites and on seismic testing done in exploration for new wells. The commission put the temporary moratorium in place and scheduled a July 16 public hearing to take testimony about whether the length of it is justified in order to protect public health, safety and welfare.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 2.6% in the first two months of the second quarter. Ten out of 11 industry groups in the S&P 500 Index lost value in […]
I've been keeping an eye on Extraction Oil & Gas, Inc. (NASDAQ:XOG) because I'm attracted to its fundamentals. Looking...
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Oil and gas companies are reporting some rough financial results thanks to low oil prices in early 2019. Extraction Oil & Gas Inc. (Nasdaq: XOG) and Whiting Petroleum Corp. (NYSE: WLL) reported first-quarter revenue declines due to lower oil prices and slower production growth to start the year. The Denver-based independent oil companies each said their oil well production in the Denver-Julesburg Basin of northeast Colorado declined due to shutting wells during March blizzards.