The shares of Extraction Oil & Gas, Inc. (NASDAQ:XOG) has been pegged with a rating of Hold by Tudor Pickering in its latest research note that was published on December 14th, 2018. Tudor Pickering wasn’t the only research firm that published a report of Extraction Oil & Gas, Inc., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on December 7th, 2018, to Underweight the XOG stock. The stock had earned Overweight rating from Stephens when it published its report on December 6th, 2018. That day the Stephens set price target on the stock to $17. The stock was given Neutral rating by Credit Suisse in its report released on November 12th, 2018. Imperial Capital was of a view that XOG is Outperform in its latest report on August 9th, 2018 while giving it a price target of $24. Macquarie thinks that XOG is worth Neutral rating. This was contained in the firm’s report on August 7th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $8.33. The price of the stock the last time has raised by 29.94% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.35.
The shares of the company added by 0.99% during the trading session on Thursday, reaching a low of $3.99 while ending the day at $4.08. During the trading session, a total of 2.36 million shares were traded which represents a 46.94% incline from the average session volume which is 4.44M shares. XOG had ended its last session trading at 4.04. Extraction Oil & Gas, Inc. currently has a market cap of $746.35M, while its P/E ratio stands at 7.27, while its P/E earnings growth sits at 0.70. Extraction Oil & Gas, Inc. debt-to-equity ratio currently stands at 0.81, while its quick ratio hovers at 1.10. XOG 52-week low price stands at $3.14 while its 52-week high price is $17.42.
The company in its last quarterly report recorded $0.71 earnings per share which is above the $0.09 predicted by most analysts. The Extraction Oil & Gas, Inc. generated $288.17 million in revenue during the last quarter, which is slightly higher than the $268.08 million predicted by analysts. In the second quarter last year, the firm recorded $0.43 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 39.44%. Extraction Oil & Gas, Inc. has the potential to record 0.56 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Dougherty & Company published a research note on March 6th, 2019 where it informed investors and clients that Ciena Corporation (NYSE:CIEN) is now rated as Buy. Their price target on the stock stands at $50. JP Morgan also rated CIEN as Downgrade on December 7th, 2018, with its price target of $24 suggesting that CIEN could surge by 10.53% from its current share price. Even though the stock has been trading at $39.43/share, analysts expect it to surge higher by -0.41% to reach $43.89/share. It started the day trading at $39.68 and traded between $39.17 and $39.27 throughout the trading session.
A look at its technical shows that CIEN’s 50-day SMA is 39.03 while its 200-day SMA stands at 31.55. The stock has a high of $45.70 for the year while the low is $22.99. The company’s P/E ratio currently sits at 29.11, while the P/B ratio is 2.92. At the moment, only of Ciena Corporation shares were sold short. The company’s average trading volume currently stands at 2.88M shares, which means that the short-interest ratio is just 1.97 days. Over the past seven days, the company moved, with its shift of 1.50%. Looking further, the stock has raised 24.31% over the past 90 days while it gained 25.46% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more CIEN shares, increasing its portfolio by +6.06% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 909,525 shares in the last quarter, thus it now holds 15,906,026 shares of CIEN, with a total valuation of $678,551,069. The Vanguard Group Inc meanwhile bought more CIEN shares in the recently filed quarter, changing its stake to $562,431,360 worth of shares. SSgA Funds Management Inc followed the path by decreasing its CIEN portfolio by -6.27% in the quarter. This means that SSgA Funds Management Inc sold -302,406 shares in the last quarter and now controls 4,522,148 shares of the CIEN stock, with the valuation hitting $192,914,834.
Similarly, Neuberger Berman Investment Advis decreased its Ciena Corporation shares by -4.18% during the recently filed quarter. After selling -177,173 shares in the last quarter, the firm now controls 4,060,521 shares of Ciena Corporation which are valued at $173,221,826. In the same vein, Dimensional Fund Advisors LP decreased its Ciena Corporation shares by during the most recent reported quarter. The firm sold -735,000 shares during the quarter which decreased its stakes to 3,191,619 shares and is now valued at $136,154,467. Following these latest developments, around 1.50% of Ciena Corporation stocks are owned by institutional investors and hedge funds.