EXCO Resources PT Lowered to $3.00 (XCO)
Analysts at Jefferies Group cut their price objective on shares of EXCO Resources (NYSE:XCO) from $4.00 to $3.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential downside of 58.22% from the company’s current price.
Separately, analysts at Barclays raised their price target on shares of EXCO Resources 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. Seven analysts have rated the stock with a hold rating, EXCO Resources currently has an average rating of “Hold” and an average price target of $7.00.
EXCO Resources (NYSE:XCO) opened at 7.18 on Friday. EXCO Resources has a 52 week low of $5.97 and a 52 week high of $9.00. The stock has a 50-day moving average of $6.99 and a 200-day moving average of $7.61. The company’s market cap is $1.542 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 last year, the company posted $0.05 earnings per share. EXCO Resources’s revenue was up 27.4% compared to the same quarter last year. Analysts expect that EXCO Resources will post $0.50 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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