EXCO Resources NL (NYSE:XCO) announced its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04, Bloomberg Earnings reports. The firm had revenue of $64 million during the quarter. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS.
EXCO Resources NL (XCO) traded down 0.95% on Friday, reaching $1.04. The company had a trading volume of 162,863 shares. EXCO Resources NL has a one year low of $1.00 and a one year high of $19.80. The company has a 50-day moving average of $1.92 and a 200 day moving average of $5.96. The stock has a market cap of $20.49 million, a price-to-earnings ratio of 0.14 and a beta of 0.64.
Separately, ValuEngine raised EXCO Resources NL from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th.
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Institutional investors have recently added to or reduced their stakes in the company. Agur Provident & Training Funds Management Ltd. raised its stake in EXCO Resources NL by 2,239.4% in the first quarter. Agur Provident & Training Funds Management Ltd. now owns 1,203,260 shares of the oil and natural gas company’s stock worth $746,000 after buying an additional 1,151,826 shares in the last quarter. State Street Corp raised its stake in EXCO Resources NL by 3.2% in the fourth quarter. State Street Corp now owns 2,959,047 shares of the oil and natural gas company’s stock worth $2,585,000 after buying an additional 92,693 shares in the last quarter. Bank of New York Mellon Corp raised its stake in EXCO Resources NL by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 876,824 shares of the oil and natural gas company’s stock worth $544,000 after buying an additional 33,432 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in EXCO Resources NL by 40.1% in the second quarter. Citadel Advisors LLC now owns 41,195 shares of the oil and natural gas company’s stock worth $109,000 after buying an additional 11,795 shares in the last quarter.
About EXCO Resources NL
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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