EXCO Resources Downgraded by Zacks to Neutral (XCO)
EXCO Resources (NYSE:XCO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday. They currently have a $5.90 price objective on the stock. Zacks‘s target price indicates a potential upside of 27.98% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. 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 and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.98.
EXCO Resources (NYSE:XCO) opened at 4.61 on Friday. EXCO Resources has a 52 week low of $4.45 and a 52 week high of $8.9021. The stock’s 50-day moving average is $5.35 and its 200-day moving average is $5.38. The company’s market cap is $1.247 billion.
EXCO Resources (NYSE:XCO) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 21.8% 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.
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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