Crosstex Energy CAO Susan Mcaden Unloads 2,700 Shares (XTXI)
Crosstex Energy (NASDAQ:XTXI) CAO Susan Mcaden sold 2,700 shares of Crosstex Energy stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $19.71, for a total transaction of $53,217.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,738 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on XTXI. Analysts at Oppenheimer initiated coverage on shares of Crosstex Energy (NASDAQ:XTXI) in a research note to investors on Wednesday, September 4th. They set a “market perform” rating on the stock. Analysts at Credit Suisse cut their price target on shares of Crosstex Energy (NASDAQ:XTXI) from $25.00 to $24.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Crosstex Energy presently has a consensus rating of “Hold” and an average price target of $21.75.
Crosstex Energy (NASDAQ:XTXI) traded up 1.11% on Thursday, hitting $19.98. 216,201 shares of the company’s stock traded hands. Crosstex Energy has a 52-week low of $11.32 and a 52-week high of $21.82. The stock’s 50-day moving average is $19.77 and its 200-day moving average is $19.29. The company’s market cap is $953.5 million.
Crosstex Energy, Inc is engaged, through its subsidiaries, in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NASDAQ:XTXI).
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