Insider Buying: EXCO Resources CAO Buys 2,000 Shares of Stock (XCO)
EXCO Resources (NYSE:XCO) CAO Richard Alan Burnett bought 2,000 shares of the company’s stock on the open market in a transaction that occurred on 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 purchase, the chief accounting officer now directly owns 129,563 shares in the company, valued at approximately $586,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
EXCO Resources (NYSE:XCO) opened at 4.61 on Friday. EXCO Resources has a 1-year low of $4.45 and a 1-year high of $8.9021. The stock has a 50-day moving average of $5.35 and a 200-day moving average of $5.38. The company’s market cap is $1.247 billion.
EXCO Resources (NYSE:XCO) last announced its earnings results 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. On average, analysts predict that EXCO Resources will post $0.15 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of EXCO Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $5.90 price target on the stock. Separately, 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. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. EXCO Resources presently has a consensus rating of “Hold” and a consensus target price of $4.98.
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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