Crosstex Energy (XTEX) to Release Quarterly Earnings on Thursday
Crosstex Energy (NASDAQ:XTEX) is set to announce its Q413 earnings results on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $492.58 million for the quarter.
Crosstex Energy (NASDAQ:XTEX) opened at 30.89 on Wednesday. Crosstex Energy has a 52-week low of $16.65 and a 52-week high of $32.62. The stock’s 50-day moving average is $28. and its 200-day moving average is $24.27. The company’s market cap is $2.784 billion.
XTEX has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Crosstex Energy to a “buy” rating in a research note on Friday, February 21st. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Crosstex Energy in a research note on Wednesday, December 11th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Crosstex Energy currently has an average rating of “Buy” and a consensus target price of $23.09.
Crosstex Energy, L.P. is an independent midstream energy company engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NASDAQ:XTEX).
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