EXCO Resources (XCO) Announces Quarterly Results
EXCO Resources (NYSE:XCO) announced its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.06, StockRatingsNetwork reports. The company had revenue of $165.31 million for the quarter, compared to the consensus estimate of $188.92 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis.
On the ratings front, analysts at Jefferies Group cut their price target on shares of EXCO Resources from $4.00 to $3.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $7.00.
Shares of EXCO Resources (NYSE:XCO) opened at 6.59 on Wednesday. EXCO Resources has a one year low of $5.97 and a one year high of $9.08. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $7.65. The company’s market cap is $1.415 billion.
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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