EXCO Resources (XCO) Shares Down 12.9%

EXCO Resources NL (NYSE:XCO)’s share price traded down 12.9% on Thursday . The company traded as low as $0.60 and last traded at $0.61. 776,200 shares were traded during trading, an increase of 119% from the average session volume of 354,958 shares. The stock had previously closed at $0.70.

The company has a debt-to-equity ratio of -0.03, a quick ratio of 0.11 and a current ratio of 0.12.

EXCO Resources (NYSE:XCO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.58). The company had revenue of $66.74 million during the quarter.

An institutional investor recently raised its position in EXCO Resources stock. Citadel Advisors LLC increased its stake in shares of EXCO Resources NL (NYSE:XCO) by 40.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,195 shares of the oil and natural gas company’s stock after buying an additional 11,795 shares during the quarter. Citadel Advisors LLC owned about 0.22% of EXCO Resources worth $109,000 at the end of the most recent reporting period. 56.34% of the stock is currently owned by hedge funds and other institutional investors.

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EXCO Resources Company Profile

EXCO Resources, Inc (EXCO) is an oil and natural gas company. The Company is 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 Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.

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