texcom inc (TEXC:OTC US)
texcom inc (TEXC) Snapshot
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Open
$0.14
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Previous Close
$0.15
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Day High
$0.15
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Day Low
$0.14
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52 Week High
05/30/12 - $0.24
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52 Week Low
11/27/12 - $0.07
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Market Cap
7.4M
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Average Volume 10 Days
66.3K
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EPS TTM
--
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Shares Outstanding
49.5M
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EX-Date
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
texcom inc (TEXC) Related Businessweek News
No Related Businessweek News Foundtexcom inc (TEXC) Details
TexCom, Inc., through its subsidiaries, provides environmental services to the oil and gas industry in the United States. It engages in the disposal of non-hazardous oilfield wastes and naturally occurring radioactive materials generated from the exploration and production of oil and natural gas. The company’s services include waste disposal and offloading, pre-screening, and vehicle and container washouts. TexCom, Inc. was founded in 2003 and is headquartered in Houston, Texas.
texcom inc (TEXC) Key Developments
Texcom, Inc. reported earnings results for the year 2012. For the year, the company reported revenues of $11.53 million, rising 10% from $10.52 million compared to 2011. Net income available to shareholders increased by 155% to $3.77 million from $1.4 million compared to 2011. Earnings per share on a fully diluted basis were $0.05, up from $0.02 compared to 2011. Operating income fell 18% to $3.50 million from $4.28 million compared to 2011.
Texcom, Inc. announced that it has entered into two loan agreements with Green Bank of Houston, Texas, the first being a $7.4 Million Term Loan and the second, a $2 Million Revolving Line of Credit facility. With these new loans in place, the company will retire all existing loans to the company as well as its subsidiaries, M.B. Environmental Services, LLC and Eagle Ford Environmental Services, LLC. WoodRock & Co., a Houston-based investment banking firm, acted as a financial advisor to the company on these transactions.
Texcom, Inc. reported earnings results for the third quarter and nine months ended September 30, 2012. For the third quarter, the company reported revenues totaled $2,648,160, falling 5% from $2,779,306 compared to the second quarter 2011. Operating income fell 38% from $1,159,876 to $720,878 compared to the second quarter 2011. Net income available to shareholders increased by 268% to $2,227,586 from $618,354 compared to the second quarter of 2011. Earnings per share on a fully diluted basis were $0.03, up from $0.01 compared to the second quarter of 2011. For the nine months ended September 30, 2012, the company reported revenues totaled $8,857,941, up 9% from $8,112,363 compared to the nine months ended September 30, 2011. Operating income fell 15% from $3,472,384 to $2,951,714 compared to the nine months ended September 30, 2011. Net income available to shareholders increased by 84% from $1,859,317 to $3,425,460 compared to the nine months ended September 30, 2011. Earnings per share on a fully diluted basis were $0.05 up from $0.03 compared to the nine months ended September 30, 2011.
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| TEXC:US | $0.15 USD | +0.0027 | |
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| No competitor information is available for TEXC. | |||
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Industry Analysis
TEXC
Industry Average
| Valuation | TEXC | Industry Range |
| Price/Earnings | 3.3x |
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| Price/Sales | 0.8x |
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| Price/Book | 69.1x |
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| Price/Cash Flow | 2.9x |
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| TEV/Sales | 0.2x |
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