NEW YORK ( TheStreet) -- EXCO Resources (NYSE: XCO) hit a new 52-week low Friday as it is currently trading at $12.03, below its previous 52-week low of $12.09 with four million shares traded as of 3:02 p.m. ET. Average volume has been four million shares over the past 30 days. EXCO has a market cap of $3.1 billion and is part of the basic materials sector and energy industry. Shares are down 33.3% year to date as of the close of trading on Thursday. EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore North American oil and natural gas properties with a focus on shale resource plays. The company has a P/E ratio of 32, below the average energy industry P/E ratio of 32.7 and above the S&P 500 P/E ratio of 17.7.
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