Crude oil (WTI) is down by 3.14% to $36.71 per barrel and Brent oil is declining by 2.62% to $39.77 per barrel this afternoon, according to the CNBC.com index.
Oil prices are slipping after comments by Kuwaiti Oil Minister Anas al-Saleh, Reuters reports. al-Saleh said the country would only freeze its oil production if all major oil producers also agreed to the freeze.
OPEC members are considering a cut to oil output in order to boost prices.
"I'll go full power if there's no agreement. Every barrel I produce I'll sell," he said, according to Reuters.
Based in Dallas, EXCO is an exploration and production company focused on natural gas and oil.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of E+. This is based on some significant below-par investment measures, which should drive this stock to significantly underperform the majority of stocks that we rate. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: XCOXCO data by YCharts