Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – Recently on 18th December 2013, EXCO Resources Inc (NYSE:XCO) announced that company growth will resume in 2015. At that Time Company released it fresh operating and financial information that included its 2014 budget and production and financial guidance. The company recently announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission so that it can claim its previously announced rights offering.
Apart from this announcement the company also said that it has entered into two exercise commitment agreements, the first one with WL Ross & Co. LLC & the second one with Hamblin Watsa investment Counsel Ltd. During the last trading session the EXCO Resources Inc. closed at $5.30 and the trading volume that was expected was 2,508,313 shares. The 50 week high of EXCO Resources Inc. is $9 and the 52 week low is $4.83.
Overview of EXCO Resources Inc (NYSE:XCO)
EXCO Resources Inc (NYSE:XCO) is an oil and natural gas exploration company that also develops and produces natural gas and oil that has headquarters in Dallas, Texas and has principal operations in Texas, North Louisiana and Appalachia.
In a recent development Goldman Sachs has started covering the EXCO Resources Inc. performance as the company has recently announced a dividend of $0.05 per share and this translates into $0.20 annual dividend. The dividend yield comes to be 3.78%. Goldman Sachs have maintained a hold rating on EXCO Resources Inc. and the average target price of the stock is assumed as around $7.00 which seems to be a good rate of return on the investment. Buy on dips and sell on rise is suggested as per 7 trading firms and those who already have this stock are advised to hold this stock for some more period of time.