Brokerage Firm Rating Update on EXCO Resources NL (XCO)

EXCO Resources NL (XCO) has an average broker rating of 5, which is interpreted as a Strong Sell, as rated by 1 equity analysts. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


The shares have received a consensus rating of Sell for the current week

EXCO Resources NL (NYSE:XCO): stock was range-bound between the intraday low of $1.01 and the intraday high of $1.08 after having opened at $1.04 on Wednesdays session. The stock finally closed in the red at $1.04, a loss of -1.94%. The stock remained in the red for the whole trading day. The total traded volume was 1,553,374 shares. The stock failed to cross $1.08 in Wednesdays trading. The stocks closing price on Thursday was $1.03.

EXCO Resources Inc. is an oil and natural gas company 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 Companys principal operations are conducted in certain United States oil and natural gas areas including Texas, Louisiana and the Appalachia region. The Company focuses on the development of its core areas. This includes a portfolio of both oil and natural gas assets that provide the Company the optionality to allocate capital to enhance its returns under various commodity price environments. The Company holds acreage positions in three shale plays in the United States: East Texas and North Louisiana, where it holds around 85,300 net acres in the Haynesville and Bossier shales; South Texas, where it holds approximately 52,900 net acres in the Eagle Ford shale; and Appalachia, where it holds around 157,000 net acres prospective in the Marcellus shale.

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