EXCO Resources Inc. (XCO) Plans Quarterly Dividend of $0.05
EXCO Resources (NYSE:XCO) declared a quarterly dividend on Thursday, September 12th, Analyst Ratings.Net reports. Stockholders of record on Monday, September 23rd will be given a dividend of $0.05 per share on Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 19th.
Several analysts have recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of EXCO Resources (NYSE:XCO) from $5.00 to $8.00 in a research note to investors on Wednesday, July 24th. They now have an “equal weight” rating on the stock. On a related note, analysts at Stifel Nicolaus reiterated a “hold” rating on shares of EXCO Resources (NYSE:XCO) in a research note to investors on Friday, July 5th. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of EXCO Resources (NYSE:XCO) in a research note to investors on Friday, July 5th.
Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $8.33.
EXCO Resources (NYSE:XCO) traded up 1.01% on Thursday, hitting $7.03. The stock had a trading volume of 2,802,150 shares. EXCO Resources has a 1-year low of $5.97 and a 1-year high of $9.08. The stock has a 50-day moving average of $7.74 and a 200-day moving average of $7.65. The company’s market cap is $1.510 billion.
EXCO Resources (NYSE:XCO) last announced its earnings results on Monday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $150.33 million for the quarter, compared to the consensus estimate of $140.10 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. Analysts expect that EXCO Resources will post $0.49 EPS for the current fiscal year.
EXCO Resources, Inc (NYSE:XCO) is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore the United States oil and natural gas properties with a focus on shale resource plays.
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