The stock of Extraction Oil & Gas Inc (NASDAQ:XOG) hit a new 52-week high and has $35.28 target or 52.00% above today’s $23.21 share price. The 9 months bullish chart indicates low risk for the $3.54B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $35.28 price target is reached, the company will be worth $1.84B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 834,906 shares traded hands. Extraction Oil & Gas Inc (NASDAQ:XOG) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
According to Zacks Investment Research, “Extraction Oil & Gas, Inc. is an oil and gas company. It focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. Extraction Oil & Gas, Inc. is based in Denver, United States.”
More notable recent Extraction Oil & Gas Inc (NASDAQ:XOG) news were published by: Prnewswire.com which released: “Extraction Oil & Gas, Inc. Announces Launch Of Initial Public Offering” on September 29, 2016, also Reuters.com with their article: “Extraction Oil & Gas jumps about 20 pct in debut” published on October 12, 2016, Globenewswire.com published: “Extraction Oil & Gas, Inc. Announces Plans to Add a Third Drilling Rig in the …” on October 18, 2016. More interesting news about Extraction Oil & Gas Inc (NASDAQ:XOG) were released by: 247Wallst.com and their article: “Analysts Mixed on Extraction Oil & Gas Coverage as Quiet Period Ends” published on November 07, 2016 as well as Marketwatch.com‘s news article titled: “Extraction Oil & Gas plans to raise $100 million in IPO” with publication date: September 14, 2016.
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