Stock up 19% on earnings
By Richard Rostad, analyst, Oil & Gas 360

Extraction Oil & Gas (ticker: XOG) announced fourth quarter results and reserves today, showing net income earnings of $99.9 million, or $0.52 per share. Extraction earned $114.6 million over the full year, $0.56 per share.

Both of these results vastly exceed the previous year’s results, as Extraction lost $30.6 million in Q4 2017 and $44.4 million in 2017 overall. Extraction produced 85.8 MBOEPD in Q4, up 30% year-over-year. Over the year Extraction produced 76.0 MBOEPD, representing 47% growth. Both earnings and production significantly exceeded expectations, outperformance Extraction attributes to stronger wells and lower pipeline pressures.

Extraction’s...


Legal Notice