EXCO Resources Rating Increased to Buy at KeyBanc (XCO)

By admin | 6 years ago

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.

About the author