Last $147.03 USD
Change Today +0.72 / 0.49%
Volume 258.3K
CXO On Other Exchanges
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As of 12:36 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

concho resources inc (CXO) Snapshot

Open
$147.35
Previous Close
$146.31
Day High
$147.83
Day Low
$145.59
52 Week High
07/10/14 - $148.61
52 Week Low
07/26/13 - $86.25
Market Cap
16.4B
Average Volume 10 Days
1.0M
EPS TTM
$3.87
Shares Outstanding
111.2M
EX-Date
--
P/E TM
38.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for CONCHO RESOURCES INC (CXO)

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concho resources inc (CXO) Details

Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the Unites States. The company’s principal operating areas are located in the Permian Basin region of southeast New Mexico and West Texas. As of December 31, 2013, its total estimated proved reserves were 502.9 million barrel of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.

868 Employees
Last Reported Date: 02/21/14
Founded in 2006

concho resources inc (CXO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $839.4K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.2M
Chief Commercial Officer, Executive Vice Pres...
Total Annual Compensation: $839.4K
Senior Vice President of Exploration
Total Annual Compensation: $839.4K
Compensation as of Fiscal Year 2013.

concho resources inc (CXO) Key Developments

Concho Resources, Inc. Presents at 2014 TPH 10th Annual Summer Energy Conference, Jun-18-2014

Concho Resources, Inc. Presents at 2014 TPH 10th Annual Summer Energy Conference, Jun-18-2014 . Venue: The Houstonian Hotel, 111 North Post Oak Lane, Houston, Texas, United States.

Concho Resources, Inc. Presents at RBC Capital Markets Global Energy & Power Conference, Jun-02-2014 08:30 AM

Concho Resources, Inc. Presents at RBC Capital Markets Global Energy & Power Conference, Jun-02-2014 08:30 AM. Venue: Ritz-Carlton Battery Park Hotel, New York, New York, United States.

Concho Resources Inc. Reports Consolidated Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2014; Production Guidance for the Second Quarter and Full Year of 2014

Concho Resources Inc. reported consolidated unaudited earnings and operating results for the first quarter ended March 31, 2014. Net income of $91.3 million, or $0.87 per diluted share, for the first quarter of 2014, as compared to net income of $30.1 million, or $0.29 per diluted share, in the first quarter of 2013. Adjusted net income (non-GAAP) of $106.6 million, or $1.01 per diluted share, for the first quarter of 2014, as compared to $60.3 million, or $0.58 per diluted share, for the first quarter of 2013. EBITDAX (non-GAAP) of $483.3 million for the first quarter of 2014, a 42% increase over the first quarter of 2013. The company's cash flow from operating activities (GAAP) was $476.0 million for the first quarter of 2014, as compared to $219.7 million for the first quarter of 2013, an increase of 117%. Adjusted cash flows (non-GAAP), which are cash flows from operating activities (GAAP) adjusted for settlements on derivatives not designated as hedges, were $461.1 million for the first quarter of 2014, as compared to $225.7 million for the first quarter of 2013, an increase of 104%. Total operating revenues were $660.959 million against $472.127 million a year ago. Income from operations was $202.232 million against $80.751 million a year ago. Income from continuing operations before income taxes was $146.638 million against $28.536 million a year ago. Income from continuing operations was $91.307 million or $0.87 diluted per share against $17.559 million or $0.17 diluted per share a year ago. Net cash provided by operating activities was $475.980 million against $219.671 million a year ago. Capital expenditures on oil and natural gas properties was $554.266 million against $419.766 million a year ago. Additions to other property and equipment was $5.617 million against $4.244 million a year ago. Adjusted net income was $106.618 million or $1.01 diluted per share against $60.266 million or $0.58 diluted per share a year ago. Average production of 101,600 barrels of oil equivalent per day ("MBoepd") for the first quarter of 2014, above the high end of its previous quarterly guidance range of 98.0 to 101.0 MBoepd Added 39 new wells in the northern Delaware Basin with record high average 30-day and 24-hour peak rates of 909 and 1,488 Boepd, respectively. Production for the first quarter of 2014 totaled 9.1 million barrels of oil equivalent ("MMBoe") (5.8 million barrels of oil ("MMBbls") and 19.8 billion cubic feet of natural gas ("Bcf")), an increase of 18% as compared to 7.7 MMBoe (4.8 MMBbls of crude oil and 17.8 Bcf of natural gas) produced in the first quarter of 2013. Sequentially, Concho's average daily production in the first quarter of 2014 increased 5% as compared to the previous quarter of 97.0 MBoepd. Increased 2014 production guidance range to 20% - 24% growth over 2013. In light of its first quarter production results and planned activity increase in the second half of 2014, the company raised its 2014 annual production guidance range to 20% - 24% growth over 2013. For the second quarter of 2014, the company expects production to average between 104 - 108 MBoepd. The company's LOE guidance range for 2014 increased to $8.00 - $8.50 per Boe as a result of the rapid increase in activity across the Permian Basin and certain related infrastructure challenges. The company announced that it expect to average somewhere between 104,000 and 108,000 BOEs per day during the second quarter 2014.

 

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CXO

Industry Average

Valuation CXO Industry Range
Price/Earnings 49.2x
Price/Sales 6.1x
Price/Book 3.9x
Price/Cash Flow 13.2x
TEV/Sales 5.1x
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