Is Extraction Oil & Gas Incorporated (NASDAQ:XOG) a Buy? The Stock Reported Less Sellers

January 9, 2018 - By Hazel Jackson

 Is Extraction Oil & Gas Incorporated (NASDAQ:XOG) a Buy? The Stock Reported Less Sellers

The stock of Extraction Oil & Gas Incorporated (NASDAQ:XOG) registered a decrease of 16.06% in short interest. XOG’s total short interest was 10.24M shares in January as published by FINRA. Its down 16.06% from 12.20M shares, reported previously. With 1.32 million shares average volume, it will take short sellers 8 days to cover their XOG’s short positions.

The stock decreased 1.19% or $0.17 during the last trading session, reaching $14.11. About 880,524 shares traded. Extraction Oil & Gas, Inc. (NASDAQ:XOG) has 0.00% since January 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Extraction Oil & Gas, Inc., an independent gas and oil company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountains regions, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. The company has market cap of $2.43 billion. As of December 31, 2016, it had approximately 109,400 net acres of contiguous acreage blocks in the productive areas of DJ Basin; held approximately 113,700 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 238.1 MMBoe; and had 1,014 gross producing wells. It currently has negative earnings. The firm was founded in 2012 and is headquartered in Denver, Colorado.

More important recent Extraction Oil & Gas, Inc. (NASDAQ:XOG) news were published by: Globenewswire.com which released: “Extraction Oil & Gas, Inc. Schedules Fourth-Quarter 2017 Earnings Release and …” on January 05, 2018, also Prnewswire.com published article titled: “What’s Happening With These Oil & Gas Stocks? — Extraction Oil & Gas, PDC …”, Denverpost.com published: “Extraction Oil unveils active drilling program in DJ Basin that could boost …” on December 20, 2017. More interesting news about Extraction Oil & Gas, Inc. (NASDAQ:XOG) was released by: Denverpost.com and their article: “Crestone sues Colorado for overlapping drilling applications” with publication date: December 13, 2017.

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