Dividend time for shareholders of EXCO Resources Inc (NYSE:XCO)
On Thursday, EXCO Resources (NYSE:XCO) declared its quarterly dividend. Shareholders of record on 23 September will be given the dividend of $0.05/share on 30 September. This represents the dividend of $0.20 on an annualized-basis and a 2.84% yield. September 19 is the ex-dividend date of the dividend.
Recently, numerous analysts have commented on the company’s stock. Barclay’s Capital’s analysts have upgraded the price-target of the shares from $5.00 to $.00 on 24 July and have assigned an “equal weight “rating on its stock. Stifel Nicolaus analysts reiterated their “hold” rating on EXCO Resources (NYSE:XCO) shares on 5 July.
BMO Capital Markets’ analysts reiterated their “market perform” rating on the company’s shares on 5 July. Six investment-analysts have assigned a “hold” rating on the stock. The average rating on the stock is a “hold” and the average target-price is $8.33.
The Thursday session
In Thursday’s trading session, EXCO Resources Inc (NYSE:XCO) climbed by 1.01%. The opening price of the company’s shares was $6.95 which rose to an intraday high of $7.20 and then dipped to close at $7.03. More than 2.80 million shares were traded in the Thursday’s trading session while the average volume of shares that were traded over a 30 day period was 2.59 million. The company has a market capitalization of $1.53 billion.
EXCO Resources, Inc. (NYSE:XCO) is an independent Oil & Natural Gas company. It is involved in exploring, exploiting, developing and producing oil and natural gas in onshore properties in the United States. It focuses on shale-resource plays. All its operations are carried out in the U.S Oil & Natural Gas areas such as Appalachia, East Texas, North Louisiana, and West Texas’ Permian Basin. Apart from its Oil & Natural Gas producing operations, the company owns a 50 % stake in 2 midstream joint-ventures situated in North Louisiana Appalachia and East Texas.