EXCO Resources Inc. (XCO) was a big mover last session with shares rising over 7% on the day. The move came on solid volume too as far more shares changed hands than in a normal session. This reverses the recent trend for the company, as the stock is now down over 17% in the last one-month time frame.
This oil and gas company saw three negative estimate revisions in the last 30 days. Its Zacks Consensus Estimate also moved lower over the same time frame, implying there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally lasts.
EXCO Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
However, some better-ranked stocks in the same sector include Abraxas Petroleum Corp. (AXAS), Matador Resources Company (MTDR) and SM Energy Company (SM). All these stocks carry a Zacks Rank #1 (Strong Buy).
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