Extraction Oil & Gas (Extraction Oil & Gas) 6-1 Month Momentum % : 28.64% (As of May. 05, 2024)

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What is Extraction Oil & Gas 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-05), Extraction Oil & Gas's 6-1 Month Momentum % is 28.64%.

The industry rank for Extraction Oil & Gas's 6-1 Month Momentum % or its related term are showing as below:

XOG's 6-1 Month Momentum % is not ranked
in the Oil & Gas industry.
Industry Median: 2.3 vs XOG: 28.64

Competitive Comparison of Extraction Oil & Gas's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Extraction Oil & Gas's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Extraction Oil & Gas's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Extraction Oil & Gas's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Extraction Oil & Gas's 6-1 Month Momentum % falls into.

Extraction Oil & Gas (NAS:XOG) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Extraction Oil & Gas (NAS:XOG) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Extraction Oil & Gas 6-1 Month Momentum % Related Terms

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Extraction Oil & Gas (Extraction Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Extraction Oil & Gas Inc (NAS:XOG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 17th Street, Suite 5200, Denver, CO, USA, 80202

Website

https://www.extractionog.com

Extraction Oil & Gas Inc is an energy company. It focuses mainly on the exploration and production of oil & gas from its reserves in the Rocky Mountains. The company primarily operates in the Greater Wattenberg Field of Colorado's Denver-Julesburg Basin. It operates in a single segment, which is Extraction. The company generates the majority of its revenue from oil sales. Geographically, it operates in the United States.