Extraction Oil & Gas (OTCMKTS:CDEV) Trading Up 12.2%

Extraction Oil & Gas (OTCMKTS:CDEV)’s stock price was up 12.2% during trading on Monday . The stock traded as high as $1.04 and last traded at $1.01, approximately 24,520,100 shares were traded during trading. An increase of 76% from the average daily volume of 13,947,967 shares. The stock had previously closed at $0.90.

The stock’s 50 day moving average is $0.64.

Extraction Oil & Gas (OTCMKTS:CDEV) last released its quarterly earnings results on Monday, February 24th. The company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $256.39 million during the quarter, compared to analysts’ expectations of $241.91 million.

Extraction Oil & Gas Company Profile (OTCMKTS:CDEV)

Centennial Resource Development, Inc, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico.

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