EXCO Resources NL (XCO) Shares Up 11.9%
EXCO Resources NL (NYSE:XCO) shares shot up 11.9% during trading on Tuesday . The stock traded as high as $1.60 and last traded at $1.60. 557,102 shares were traded during mid-day trading, an increase of 103% from the average session volume of 274,746 shares. The stock had previously closed at $1.43.
The company has a debt-to-equity ratio of -1.54, a current ratio of 0.44 and a quick ratio of 0.40.
EXCO Resources NL (NYSE:XCO) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported ($0.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.58). The firm had revenue of $66.74 million for the quarter.
A hedge fund recently raised its stake in EXCO Resources NL stock. Citadel Advisors LLC raised its position in EXCO Resources NL (NYSE:XCO) by 40.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,195 shares of the oil and natural gas company’s stock after acquiring an additional 11,795 shares during the quarter. Citadel Advisors LLC owned approximately 0.22% of EXCO Resources NL worth $109,000 as of its most recent SEC filing. 56.78% of the stock is currently owned by hedge funds and other institutional investors.
About EXCO Resources NL
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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