EXCO Resources Short Interest Down 12.9% in April (XCO)
EXCO Resources (NYSE:XCO) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 36,857,831 shares, a decline of 12.9% from the March 31st total of 42,328,861 shares, American Banking and Market News reports. Based on an average trading volume of 5,690,693 shares, the days-to-cover ratio is currently 6.5 days. Currently, 17.3% of the shares of the stock are short sold.
XCO has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of EXCO Resources from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 1st. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Barclays cut their price target on shares of EXCO Resources from $5.00 to $4.50 in a research note on Wednesday, April 23rd. They now have an “underweight” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of EXCO Resources from $9.00 to $6.00 in a research note on Friday, March 28th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.38.
EXCO Resources (NYSE:XCO) opened at 5.48 on Friday. EXCO Resources has a one year low of $4.60 and a one year high of $8.9021. The stock’s 50-day moving average is $5.8 and its 200-day moving average is $5.39. The company’s market cap is $1.429 billion.
EXCO Resources (NYSE:XCO) last released its earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $198.50 million for the quarter, compared to the consensus estimate of $192.41 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts expect that EXCO Resources will post $0.13 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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