EXCO Resources Receives Average Rating of “Hold” from Analysts (NYSE:XCO)
Shares of EXCO Resources (NYSE:XCO) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, AnalystRatings.NET reports. Four research 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 brokers 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. 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.
Shares of EXCO Resources (NYSE:XCO) opened at 4.44 on Thursday. EXCO Resources has a 52 week low of $4.31 and a 52 week high of $7.6261. The stock has a 50-day moving average of $5.00 and a 200-day moving average of $5.33. The company’s market cap is $1.201 billion.
EXCO Resources (NYSE:XCO) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. 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.
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