EXCO Resources NL (XCO) has risen sharply, recording gains of 7.26% in the past 4 weeks. However, the stock has corrected -3.62% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
EXCO Resources NL (NYSE:XCO): The stock was completely flat for the day, closing at $1.33 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.36, the stock touched an intraday high of $1.37 and a low of $1.31. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.33. The total trading volume on Friday was 810,138.
The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 10.48%. EXCO Resources Inc. has dropped 26.52% during the last 3-month period . Year-to-Date the stock performance stands at 7.26%.
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.