EXCO Resources Inc (NYSE:XCO) Earnings Per Share Misses Consensus Target


Dallas, Texas 03/18/2014 (FINANCIALSTRENDS) –  EXCO Resources Inc (NYSE:XCO) reported $0.04 Earnings Per Share (EPS) for the quarter, down by $0.03 of consensus estimate. According to earnings report for the quarter released by the company, it posted 180.40 million for the quarter, compared to the consensus estimate of $187.27 million. The company’s stock has witnessed a 1-year low of $4.60 and a 1-year high of $8.9021 and its 50-day and 200-day moving average’s are $5.14 and $5.75 respectively.

EXCO Resources Inc (NYSE:XCO) Declares Quarterly Dividend

EXCO Resources Inc which is into oil and natural gas with a market cap of $1.11 billion and a P/E ratio of 52.40, last week announced dividend of 0.05 per share which is $0.20 dividend on annual basis with a yield of 3.82%. According to the company’s report, shareholders who are in the company’s record as of March 20th will be eligible for the payout.

EXCO Resources Inc Appoints Richard A. Burnett As Chief Accounting Officer

The company announced Richard A. Burnett has been appointed as CEO by EXCO’s Board of Directors. Mr. Burnett who joined the company in November 2013 and worked as company’s Vice President of Special Projects will be replacing Mark F. Mulhern. According to the company’s note, Mr. Mulhern will continue to serve as company’s CFO and Executive Vice President.

EXCO Resources Inc Stock Rated as Hold

The company’s shares have been covered by multiple analysts. According to the reports, market researchers at Barclays have downgraded the company’s stock rating to underweight from overweight with a price target of $5.00 down by $3.00. Ned Davis Research analysts have recommended it as neutral. With five analysts rating it as hold and 3 recommending it as sell, the current average rating is hold with average price of $4.33.

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