Fmr LLC Boosts Stake in Extraction Oil & Gas Inc (XOG)

Citigroup Inc.'s price target would indicate a potential upside of 75.98% from the stock's previous close.

A number of other equities analysts have also weighed in on MCF. Canaccord Genuity set a $3.00 target price on shares of Northern Oil & Gas and gave the company a "hold" rating in a research note on Thursday, March 2nd. Credit Suisse Group reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Extraction Oil & Gas in a report on Monday, May 8th. (NYSEMKT:NOG) was downgraded by research analysts at Capital One Financial Corporation from an "equal weight" rating to an "underweight" rating in a research note issued on Wednesday, June 21st. The company's market capitalization is $166.22 million. Scotiabank set a $3.00 price objective on shares of Northern Oil & Gas and gave the stock a "hold" rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $23.82.

Shares of Contango Oil & Gas Company (MCF) opened at 6.50 on Friday. The firm has a 50-day moving average price of $14.69 and a 200 day moving average price of $17.13. Northern Oil & Gas has a 52 week low of $1.15 and a 52 week high of $4.94.

Extraction Oil & Gas (NYSE:XOG) last issued its quarterly earnings results on Tuesday, May 9th. The energy company reported $0.03 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.18) by $0.21. Extraction Oil & Gas had a net margin of 9.72% and a return on equity of 2.15%. The business had revenue of $89.60 million for the quarter, compared to analysts' expectations of $75.66 million. The firm's quarterly revenue was up 98.7% on a year-over-year basis. If you are reading this report on another site, it was illegally copied and republished in violation of USA & global copyright legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/15/northern-oil-gas-inc-nog-downgraded-by-capital-one-financial-corporation-updated-updated.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOG. First Personal Financial Services increased its stake in Extraction Oil & Gas by 358.4% in the first quarter. FMR LLC now owns 12,944,940 shares of the energy company's stock valued at $240,129,000 after buying an additional 1,667,142 shares in the last quarter.

Legal & General Group Plc increased its stake in Extraction Oil & Gas by 1,416.4% in the first quarter. State Street Corp now owns 1,229,427 shares of the company's stock valued at $3,383,000 after buying an additional 19,841 shares during the period. Finally, Yorktown Energy Partners XI L.P. acquired a new position in Extraction Oil & Gas during the fourth quarter valued at approximately $86,354,000. New York State Teachers Retirement System now owns 57,899 shares of the oil and natural gas company's stock valued at $541,000 after buying an additional 600 shares in the last quarter. AQR Capital Management LLC raised its position in Contango Oil & Gas Company by 18.9% in the fourth quarter. OZ Management LP bought a new position in shares of Extraction Oil & Gas during the first quarter valued at approximately $309,828,000.

Parametric Portfolio Associates LLC's holdings in Contango Oil & Gas Company were worth $1,671,000 at the end of the most recent quarter. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana.

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