EXCO Resources Inc (XCO) Can’t Burn Your Short Portfolio. Just Reaches 1 Year Low

July 17, 2017 - By Vivian Park

Investors sentiment increased to 1.31 in Q4 2016. Its up 0.41, from 0.9 in 2016Q3. It is positive, as 14 investors sold EXCO Resources Inc shares while 21 reduced holdings. 13 funds opened positions while 33 raised stakes. 169.74 million shares or 2.36% less from 173.85 million shares in 2016Q3 were reported.
Raymond James Fincl Advisors owns 259,765 shares or 0% of their US portfolio. Natl Planning reported 0% stake. Great West Life Assurance Can holds 24,154 shares or 0% of its portfolio. Morgan Stanley invested 0% in EXCO Resources Inc (NYSE:XCO). Oaktree Mngmt Limited Partnership has invested 0.4% in EXCO Resources Inc (NYSE:XCO). Hsbc Public Ltd Company invested 0% in EXCO Resources Inc (NYSE:XCO). Manufacturers Life The holds 0% or 110,270 shares. Aqr Management Lc reported 171,503 shares or 0% of all its holdings. Moreover, Gabelli Funds Ltd Liability Corporation has 0% invested in EXCO Resources Inc (NYSE:XCO). Sg Americas Secs Limited Com invested 0% in EXCO Resources Inc (NYSE:XCO). Teacher Retirement System Of Texas has 0% invested in EXCO Resources Inc (NYSE:XCO). Cubist Systematic Strategies Ltd Llc accumulated 108,779 shares or 0.01% of the stock. Hm Cap Limited Liability Corp stated it has 12,000 shares or 0.01% of all its holdings. California State Teachers Retirement accumulated 0% or 288,232 shares. Mariner Wealth Ltd Llc stated it has 20,000 shares.

The stock of EXCO Resources Inc (NYSE:XCO) hit a new 52-week low and has $1.77 target or 8.00 % below today’s $1.92 share price. The 7 months bearish chart indicates high risk for the $35.26 million company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $1.77 price target is reached, the company will be worth $2.82 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 254,145 shares traded. EXCO Resources Inc (NYSE:XCO) has declined 39.26% since July 17, 2016 and is downtrending. It has underperformed by 55.96% the S&P500.

EXCO Resources Inc (NYSE:XCO) Ratings Coverage

Among 2 analysts covering Exco Resources Inc. (NYSE:XCO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Exco Resources Inc. had 3 analyst reports since August 19, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sector Perform” rating and $1.25 target in Wednesday, October 21 report. Zacks upgraded the shares of XCO in report on Friday, September 4 to “Buy” rating.

More notable recent EXCO Resources Inc (NYSE:XCO) news were published by: Fool.com which released: “EXCO Resources Inc. Plunges After Receiving a Noncompliance Notice” on January 23, 2017, also Seekingalpha.com with their article: “EXCO Resources’ Dream Team Is Not ‘Going Gently'” published on November 07, 2016, Seekingalpha.com published: “EXCO Resources (XCO) Q3 2016 Results – Earnings Call Transcript” on November 02, 2016. More interesting news about EXCO Resources Inc (NYSE:XCO) were released by: Finance.Yahoo.com and their article: “EXCO Resources, Inc. Reschedules Fourth Quarter and Full Year 2016 Results and …” published on March 09, 2017 as well as Seekingalpha.com‘s news article titled: “Exco Resources Needs To Make This Shot Count” with publication date: April 21, 2017.

EXCO Resources, Inc. is an oil and natural gas company. The company has market cap of $35.26 million. The Firm 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. It currently has negative earnings. The Company’s principal activities are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.

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