Last $130.30 USD
Change Today +2.09 / 1.63%
Volume 837.5K
CXO On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

concho resources inc (CXO) Snapshot

Open
$127.91
Previous Close
$128.21
Day High
$130.42
Day Low
$126.95
52 Week High
07/10/14 - $148.61
52 Week Low
08/21/13 - $91.78
Market Cap
14.7B
Average Volume 10 Days
1.1M
EPS TTM
$3.93
Shares Outstanding
113.0M
EX-Date
--
P/E TM
33.2x
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 Tuohy Brothers 5th Annual "All-in-One" Energy Conference, Aug-12-2014

Concho Resources, Inc. Presents at Tuohy Brothers 5th Annual "All-in-One" Energy Conference, Aug-12-2014 . Venue: New York, New York, United States.

Concho Resources, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter of 2014 and Earnings Guidance for the Full Year of 2014

Concho Resources, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of was $704,702,000 compared to $562,786,000 a year ago. Income from operations was $88,061,000 compared to $220,955,000 a year ago. Income from continuing operations before income taxes were $18,828,000 compared to $138,504,000 a year ago. Income from continuing operations was $11,769,000 or $0.11 per basic and diluted share compared to $85,153,000 or $0.81 per basic and diluted share a year ago. Net income was $11,769,000 or $0.11 per basic and diluted share compared to $84,700,000 or $0.81 per basic and diluted share a year ago. Adjusted net income was $113,795,000 compared to $102,502,000 a year ago. Basic and diluted adjusted earnings per share were $1.04 compared to $0.98 a year ago. EBITDAX was $504,018,000 compared to $424,846,000 a year ago. For the six months, the company reported total operating revenues of was $1,365,661,000 compared to $1,034,913,000 a year ago. Income from operations was $290,293,000 compared to $301,706,000 a year ago. Income from continuing operations before income taxes were $165,466,000 compared to $167,040,000 a year ago. Income from continuing operations was $103,076,000 or $0.96 per basic and diluted share compared to $102,712,000 or $0.98 per basic and diluted share a year ago. Net income was $103,076,000 or $0.96 per basic and diluted share compared to $114,793,000 or $1.09 per diluted share a year ago. Net cash provided by operating activities was $854,728,000 compared to $487,129,000 a year ago. Capital expenditures on oil and natural gas properties were $1,054,000,000 compared to $880,653,000 a year ago. Additions to other property and equipment were $20,456,000 compared to $9,900,000 a year ago. Adjusted net income was $220,413,000 compared to $162,765,000 a year ago. Diluted adjusted earnings per share were $2.05 compared to basic and diluted adjusted earnings per share of $1.55 a year ago. EBITDAX was $987,293,000 compared to $765,514,000 a year ago. Adjusted cash flows was $813,837,000 compared to $494,720,000 a year ago. For the quarter, the company reported total net production volumes of 9,810 MBoe compared to 8,295 MBoe a year ago. Total verage daily production was 107,801 Boe compared to 91,148 Boe a year ago. Oil and natural gas sales for the second quarter of 2014 totaled $704.7 million and increased 25% compared to oil and natural gas sales of $562.8 million for the second quarter of 2013. The increase was attributable to an 18% increase in production in the second quarter of 2014 compared to the second quarter of 2013, and a 4% and 12% increase in the company’s unhedged realized oil and gas price, respectively, in the second quarter of 2014 compared to the second quarter of 2013. For the six months, the company reported total net production volumes of 18,956 MBoe compared to 16,028 MBoe a year ago. Total average daily production was 104,729 Boe compared to 88,552 Boe a year ago. For the third quarter of 2014, the company expects production to average between 113 - 116 MBoepd. The company’s full-year 2014 cash interest expense guidance range has been reduced to $210 - $215 million and the company’s non-cash interest expense guidance has been reduced to $10 million.

Concho Resources, Inc. Presents at The Enercom Oil & Gas Conference, Aug-19-2014 09:15 AM

Concho Resources, Inc. Presents at The Enercom Oil & Gas Conference, Aug-19-2014 09:15 AM. Venue: The Westin Denver Downtown, 1672 Lawrence St, Denver, Colorado, United States.

 

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Industry Analysis

CXO

Industry Average

Valuation CXO Industry Range
Price/Earnings 57.0x
Price/Sales 5.2x
Price/Book 3.0x
Price/Cash Flow 12.4x
TEV/Sales 4.1x
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