EXCO Resources NL (XCO) Issues Quarterly Earnings Results

EXCO Resources NL (NYSE:XCO) issued its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.04, Bloomberg Earnings reports. The firm had revenue of $64 million during the quarter. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share.

Shares of EXCO Resources NL (NYSE:XCO) opened at 1.04 on Friday. The stock has a market capitalization of $20.49 million, a PE ratio of 0.14 and a beta of 0.64. EXCO Resources NL has a 1-year low of $1.00 and a 1-year high of $19.50. The stock has a 50 day moving average price of $1.87 and a 200-day moving average price of $5.90.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of 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 valued at $2,585,000 after buying an additional 92,693 shares during the period. Agur Provident & Training Funds Management Ltd. increased its position in shares of 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 valued at $746,000 after buying an additional 1,151,826 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 valued at $544,000 after buying an additional 33,432 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of 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 valued at $109,000 after buying an additional 11,795 shares during the period.

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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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.

Earnings History for EXCO Resources NL (NYSE:XCO)

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