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Last $126.74 USD
Change Today +2.14 / 1.72%
Volume 2.2M
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

concho resources inc (CXO) Snapshot

Open
$125.27
Previous Close
$124.60
Day High
$127.00
Day Low
$122.61
52 Week High
07/10/14 - $148.61
52 Week Low
12/12/14 - $77.22
Market Cap
15.2B
Average Volume 10 Days
1.1M
EPS TTM
$2.14
Shares Outstanding
120.0M
EX-Date
--
P/E TM
59.3x
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 and Senior Vice Presi...
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. Enters into the First Amendment to its Second Amended and Restated Credit Agreement

On April 8, 2015, Concho Resources Inc. entered into the First Amendment to its Second Amended and Restated Credit Agreement dated as of April 8, 2015, with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The First Amendment reaffirms the Company's current borrowing base of $3.25 billion under the Second Amended and Restated Credit Agreement. In addition, the First Amendment amends certain financial covenants to (i) place a cap on the offset amount of aggregate cash and permitted investments in the definition of consolidated total debt at $150 million and (ii) remove the current ratio financial covenant.

Concho Resources Seeks Acquisitions

Concho Resources, Inc. (NYSE:CXO) will use the proceeds of 6.9 million shares underwritten public offering for repaying all outstanding borrowings under the credit facility and for general corporate purposes, which may include funding Concho's drilling and development program and future acquisitions.

Concho Resources, Inc. Reports Unaudited Consolidated Earnings Results and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance for the First Quarter of 2015; Reports Impairments of Long-Lived Assets for the Fourth Quarter Ended December 31, 2014

Concho Resources, Inc. reported unaudited consolidated earnings results and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of USD 594.223 million compared to USD 632.086 million a year ago. Income from operations was USD 257.440 million compared to USD 205.679 million a year ago. Income from continuing operations before income taxes was USD 198.928 million compared to USD 138.003 million a year ago. Income from continuing operations was USD 129.896 million compared to USD 105.789 million a year ago. Net income was USD 129.896 million compared to USD 105.789 million a year ago. Basic and diluted income from continuing operations per share was USD 1.15 compared to USD 1.01 a year ago. Basic and diluted income per share was 1.15 compared to USD 1.01 a year ago. Adjusted net income was USD 99.683 million compared to USD 95.275 million a year ago. Diluted adjusted earnings per share were USD 0.88 compared to USD 0.91 a year ago. EBITDAX was USD 509.580 million compared to USD 463.669 million a year ago. For the year, the company reported total operating revenues of USD 2,660.147 million compared to USD 2,319.919 million a year ago. Income from operations was USD 1,089.745 million compared to USD 617.437 million a year ago. Income from continuing operations before income taxes was USD 855.960 million compared to USD 617.437 million a year ago. Income from continuing operations was USD 538.175 million compared to USD 238.922 million a year ago. Net income was USD 538.175 million compared to USD 251.003 million a year ago. Diluted income from continuing operations per share was USD 4.88 compared to USD 2.28 a year ago. Diluted income per share was USD 4.88 compared to USD 2.39 a year ago. Net cash provided by operating activities were USD 1,673.787 million compared to USD 1,362.020 million a year ago. Capital expenditures on oil and natural gas properties were USD 2,554.914 million compared to USD 1,850.992 million a year ago. Additions to other property and equipment were USD 34.320 million compared to USD 28.678 million a year ago. Adjusted net income was USD 443.584 million compared to USD 368.738 million a year ago. Diluted adjusted earnings per share were USD 4.02 compared to USD 3.51 a year ago. Adjusted cash flows were USD 1,329.679 million compared to USD 1,261.014 million a year ago. EBITDAX was USD 2,033.225 million compared to USD 1,685.592 million a year ago. EBITDA for 2014 was a record USD 2 billion, up 21% year over year. For the quarter, the company reported net oil production volumes of 7,555 MBbl compared to 5,750 MBbl a year ago. Net natural gas production volumes of 23,538 MMcf compared to 19,048 MMcf a year ago. Total production volumes of 11,478 MBoe compared to 8,925 MBoe a year ago. Average daily oil production volumes were 82,120 Bbl compared to 62,500 Bbl a year ago. Average daily natural gas production volumes were 255,848 Mcf compared to 207,043 Mcf a year ago. Total average daily production volumes were 124,761 Boe compared to 97,007 Boe a year ago. For the year, the company reported net oil production volumes of 26,319 MBbl compared to 21,126 MBbl a year ago. Net natural gas production volumes of 87,336 MMcf compared to 75,054 MMcf a year ago. Total production volumes of 40,875 MBoe compared to 33,635 MBoe a year ago. Average daily oil production volumes were 72,107Bbl compared to 57,879 Bbl a year ago. Average daily natural gas production volumes were 239,277 Mcf compared to 205,627 Mcf a year ago. Total average daily production volumes were 111,987 Boe compared to 92,150 Boe a year ago. For the quarter, the company reported impairments of long-lived assets of USD 431.675 million. For the first quarter of 2015, the company expects production to average between 127 MBoepd and 131 MBoepd.

 

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Industry Analysis

CXO

Industry Average

Valuation CXO Industry Range
Price/Earnings 25.5x
Price/Sales 5.3x
Price/Book 2.6x
Price/Cash Flow 6.9x
TEV/Sales 4.3x
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