EXCO Resources (XCO) Releases Quarterly Earnings Results
EXCO Resources (NYSE:XCO) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.03, Analyst Ratings Network reports. The company had revenue of $180.40 million for the quarter, compared to the consensus estimate of $187.27 million.
XCO has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of EXCO Resources from a “sell” rating to a “hold” rating in a research note on Monday. On the ratings front, analysts at Ned Davis Research upgraded shares of EXCO Resources from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 18th. Finally, analysts at Barclays downgraded shares of EXCO Resources from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 3rd. They now have a $5.00 price target on the stock, down previously from $8.00. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.00.
Shares of EXCO Resources (NYSE:XCO) traded down 2.65% during mid-day trading on Tuesday, hitting $4.78. The stock had a trading volume of 13,522,650 shares. EXCO Resources has a 52-week low of $4.60 and a 52-week high of $8.9021. The stock has a 50-day moving average of $5.08 and a 200-day moving average of $5.92. The company’s market cap is $1.028 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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