XTO Energy Shares Fall as Oil Prices Slide

Shares of oil and gas producer XTO Energyfell Thursday as the price of oil declined.


The Fort Worth, Texas, company's stock fell more than 5 percent. Shares are flirting with a 52-week low of $42.48.

On the New York Mercantile Exchange, light, sweet crude for November delivery fell almost 4 percent on worries that demand for crude will erode further and as the dollar strengthened against the euro.

Meanwhile, Jefferies & Co. analyst Subash Chandra kept a "Buy" rating and $85 price target on XTO Energy Thursday, saying the company has "substantial future growth potential."

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