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Last $106.56 USD
Change Today -1.89 / -1.74%
Volume 1.7M
CXO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

concho resources inc (CXO) Snapshot

Open
$107.55
Previous Close
$108.45
Day High
$108.40
Day Low
$106.37
52 Week High
08/29/14 - $143.10
52 Week Low
12/12/14 - $77.22
Market Cap
12.8B
Average Volume 10 Days
2.2M
EPS TTM
$1.55
Shares Outstanding
120.3M
EX-Date
--
P/E TM
68.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for CONCHO RESOURCES INC (CXO)

concho resources inc (CXO) Related Businessweek News

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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 of southeast New Mexico and West Texas. As of December 31, 2014, its total estimated proved reserves were 637.2 million barrel of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

1,022 Employees
Last Reported Date: 02/26/15
Founded in 2006

concho resources inc (CXO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.5M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $990.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Executive Vice President
Total Annual Compensation: $1.1M
Chief Commercial Officer, Executive Vice Pres...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

concho resources inc (CXO) Key Developments

Concho Resources Inc. Announces Unaudited Consolidated Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance Third Quarter of 2015 and Updates Production Guidance and Reaffirms Capital Expenditure for the Year 2015

Concho Resources Inc. announced unaudited consolidated operating and earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total net production volumes for the second quarter of 2015 was 13.412 million barrels of oil equivalent (MMBoe), or an average of 147,379 Boe per day (MBoepd), an increase of 37% from 9.810 million barrels of oil equivalent (MMBoe), or an average of 107,801 Boe per day for the second quarter of 2014 and 11% from the first quarter of 2015. Second quarter 2015 production included 9.0 million barrels (MMBbls) of crude oil, or an average of 99,200 barrels of crude oil per day (MBopd), an increase of 30.8 MBopd, or 45%, from the second quarter of 2014, and 9.6 MBopd, or 11%, from the first quarter of 2015. Second quarter of 2015 production also included 26.3 billion cubic feet (Bcf) of natural gas. For the six months, the company’s total net production volumes was 25.308 million barrels of oil equivalent (MMBoe), or an average of 139,826 Boe per day (MBoepd) compared with 18.956 million barrels of oil equivalent (MMBoe), or an average of 104,729 Boe per day (MBoepd) a year ago. For the quarter, the company reported total operating revenues of $537.425 million against $704.702 million a year ago. Loss from operations was $132.031 million against income from operation of $88.061 million a year ago. Loss before income taxes was $191.191 million against income before income taxes of $18.828 million a year ago. Net loss was $120.483 million against net income of $11.769 million a year ago. Basic and diluted net loss per share was $1.02 against basic and diluted income per share of $0.11 a year ago. Adjusted net income was $45.541 million against $113.795 million a year ago. Adjusted basic and diluted net income per share was $0.38 against $1.04 a year ago. EBITDAX was $457.842 million against $504.018 million a year ago. Capital expenditures for the quarter were $564.5 million, excluding property acquisition costs, and represented a 23% decrease from the first quarter of 2015. Capital expenditures and the resulting production growth were driven by faster cycle times, strong well performance and increased working interest in operated wells. For the six months, the company reported total operating revenues of $950.947 million against $1,365.661 million a year ago. Loss from operations was $62.459 million against income from operation of $290.293 million a year ago. Loss before income taxes was $179.529 million against income before income taxes of $165.466 million a year ago. Net loss was $112.971 million against net income of $103.076 million a year ago. Basic and diluted net loss per share was $0.97 against basic and diluted income per share of $0.96 a year ago. Net cash provided by operating activities was $488.934 million against $854.728 million a year ago. Capital expenditures on oil and natural gas properties were $1,492.547 million against $1,054.000 million a year ago. Additions to property, equipment and other assets were $26.146 million against $20.456 million a year ago. Adjusted net income was $87.415 million against $220.413 million a year ago. Adjusted basic and diluted net income per share was $0.74 against adjusted diluted net income per share of $2.05 a year ago. Adjusted cash flows were $768.342 million against $813.837 million a year ago. EBITDAX was $865.377 million against $987.293 million a year ago. For the third quarter of 2015, the company expects production to average between 143 MBoepd and 147 MBoepd. In addition, the company updated its full-year 2015 guidance for certain items. The company expects year-over-year production growth in the range of 24% - 26% compared with 18% - 22% expected in its previous guidance. Oil mix expected in the range of 64% - 66% compared with 63% - 65% expected in its previous guidance. The capital expenditure outlook unchanged.

Concho Resources, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Concho Resources, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

Concho Resources, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Concho Resources, Inc., Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

CXO

Industry Average

Valuation CXO Industry Range
Price/Earnings 38.3x
Price/Sales 5.6x
Price/Book 2.2x
Price/Cash Flow 6.2x
TEV/Sales 4.1x
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