Analyst Rating Update on EXCO Resources NL (XCO)

EXCO Resources NL (NYSE: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 turned positive on Tuesday. Though the stock opened at $1.27, the bulls momentum made the stock top out at $1.35 level for the day. The stock recorded a low of $1.25 and closed the trading day at $1.33, in the green by 9.92%. The total traded volume for the day was 1,687,082. The stock had closed at $1.21 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Burnett Richard Alan, officer (CFO & Chief Accounting Officer) of Exco Resources Inc, had unloaded 111,203 shares at an average price of $1.16 in a transaction dated on June 9, 2016. The total value of the transaction was worth $128,995.

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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