EXCO Resources Sees Significant Decrease in Short Interest (XCO)
Shares of EXCO Resources (NYSE:XCO) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 33,268,150 shares, a decline of 9.7% from the April 15th total of 36,857,831 shares, ARN reports. Approximately 15.6% of the company’s shares are sold short. Based on an average daily volume of 6,394,339 shares, the days-to-cover ratio is presently 5.2 days.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of EXCO Resources from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.38.
Shares of EXCO Resources (NYSE:XCO) opened at 5.14 on Friday. EXCO Resources has a 52 week low of $4.60 and a 52 week high of $8.9021. The stock’s 50-day moving average is $5.80 and its 200-day moving average is $5.32. The company’s market cap is $1.340 billion.
EXCO Resources (NYSE:XCO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 43.6% on a year-over-year basis. On average, analysts predict that EXCO Resources will post $0.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.89%.
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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