EXCO Resources NL (NYSE:XCO) has climbed 2.68% in the past week and advanced 82.02% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.91% and the outperformance has advanced to 80.36% for the last 4 weeks period.
EXCO Resources NL (NYSE:XCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.13 and $1.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.15, notching a gain of 5.50% for the day. The total traded volume was 3,221,188 . The stock had closed at $1.09 on the previous day.
The company shares have dropped -14.81% from its 1 Year high price. On Mar 9, 2016, the shares registered one year high at $1.94 and the one year low was seen on Aug 6, 2015. The 50-Day Moving Average price is $1.11 and the 200 Day Moving Average price is recorded at $1.11.
On the companys insider trading activities, The officer (CFO & Chief Accounting Officer), of Exco Resources Inc, Burnett Richard Alan had unloaded 111,203 shares at $1.16 per share in a transaction on June 9, 2016. The total value of transaction was $128,995. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 2% of EXCO Resources NL shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.97% . Institutional Investors own 66.75% of EXCO Resources NL shares. During last six month period, the net percent change held by insiders has seen a change of -7.01%.
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.