Insider Buying: EXCO Resources CAO Buys 2,000 Shares of Stock (XCO)
EXCO Resources (NYSE:XCO) CAO Richard Alan Burnett purchased 2,000 shares of the stock on the open market in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $4.53 per share, with a total value of $9,060.00. Following the completion of the transaction, the chief accounting officer now directly owns 129,563 shares of the company’s stock, valued at approximately $586,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EXCO Resources (NYSE:XCO) traded down 0.22% on Friday, hitting $4.60. The stock had a trading volume of 2,069,428 shares. EXCO Resources has a 52 week low of $4.50 and a 52 week high of $8.9021. The stock has a 50-day moving average of $5.38 and a 200-day moving average of $5.38. The company’s market cap is $1.244 billion.
EXCO Resources (NYSE:XCO) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $183.00 million for the quarter, compared to the consensus estimate of $177.88 million. During the same quarter last year, the company posted $0.10 earnings per share. EXCO Resources’s revenue was up 21.8% compared to the same quarter last year. Analysts expect that EXCO Resources will post $0.15 EPS for the current fiscal year.
A number of research firms have recently commented on XCO. Analysts at FBR Capital Markets initiated coverage on shares of EXCO Resources in a research note on Wednesday, July 16th. They set a “market perform” rating and a $6.50 price target on the stock. Separately, analysts at Zacks upgraded shares of EXCO Resources from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $6.60 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of EXCO Resources from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.10.
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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