EXCO Resources NL (XCO) Releases Earnings Results, Beats Estimates By $0.04 EPS
EXCO Resources NL (NYSE:XCO) posted its quarterly earnings results on Tuesday. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04, Bloomberg Earnings reports. The business had revenue of $64 million during the quarter. During the same quarter in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 18.5% on a year-over-year basis.
EXCO Resources NL (NYSE:XCO) traded up 1.32% during trading on Tuesday, reaching $1.54. 290,444 shares of the company’s stock traded hands. The company’s market capitalization is $28.82 million. The firm’s 50 day moving average is $2.56 and its 200-day moving average is $6.66. EXCO Resources NL has a 12 month low of $1.45 and a 12 month high of $21.00.
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Separately, ValuEngine upgraded shares of EXCO Resources NL from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th.
EXCO Resources NL Company Profile
EXCO Resources, Inc (EXCO) is an oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.
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