EXCO Resources Receives Average Recommendation of “Hold” from Brokerages (NYSE:XCO)
Shares of EXCO Resources (NYSE:XCO) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, Analyst Ratings News reports. Four analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.98.
XCO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of EXCO Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. 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. 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.
Shares of EXCO Resources (NYSE:XCO) traded up 1.72% on Thursday, hitting $4.435. The stock had a trading volume of 1,088,466 shares. EXCO Resources has a one year low of $4.31 and a one year high of $7.6459. The stock has a 50-day moving average of $5.0 and a 200-day moving average of $5.35. The company’s market cap is $1.200 billion.
EXCO Resources (NYSE:XCO) last released its 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. On average, analysts predict that EXCO Resources will post $0.13 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.