EXCO Resources Rating Increased to Buy at KeyBanc (XCO)
EXCO Resources (NYSE: XCO) was upgraded by investment analysts at KeyBanc (NYSE: KEY) from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $10.00 target price on the stock.
EXCO Resources traded up 0.52% on Tuesday, hitting $7.77. EXCO Resources has a 1-year low of $5.65 and a 1-year high of $20.63. The company’s market cap is $1.664 billion.
EXCO Resources last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.04. The company’s quarterly revenue was down 16.4% on a year-over-year basis. Analysts expect that EXCO Resources will post $0.01 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) downgraded shares of EXCO Resources from a “hold” rating to an “underperform” rating in a research note to investors on Thursday, March 15th. They now have a $4.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of EXCO Resources from $7.00 to $5.00 in a research note to investors on Friday, March 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) downgraded shares of EXCO Resources from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, February 15th. They now have a $7.00 price target on the stock, down previously from $10.00.
EXCO Resources, Inc. (EXCO) is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore North American oil and natural gas properties.