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Last $1.84 USD
Change Today +0.0201 / 1.10%
Volume 1.4M
As of 2:45 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

exco resources inc (XCO) Snapshot

Open
$1.84
Previous Close
$1.82
Day High
$1.92
Day Low
$1.83
52 Week High
05/6/14 - $6.14
52 Week Low
03/13/15 - $1.29
Market Cap
502.2M
Average Volume 10 Days
4.1M
EPS TTM
$0.22
Shares Outstanding
273.7M
EX-Date
12/15/14
P/E TM
8.4x
Dividend
--
Dividend Yield
5.35%
Current Stock Chart for EXCO RESOURCES INC (XCO)

exco resources inc (XCO) Related Businessweek News

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exco resources inc (XCO) Details

EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States. The company holds interests in approximately 85,300 net acres located in the Haynesville and Bossier shales of East Texas and North Louisiana; approximately 52,900 net acres located in the Eagle Ford shale of South Texas; and approximately 157,000 net acres of prospective area located in the Marcellus shale of the Appalachian basin. As of December 31, 2014, it had proved reserves of approximately 1.3 trillion cubic feet equivalent; and operated 6,559 gross wells. The company was founded in 1955 and is based in Dallas, Texas.

558 Employees
Last Reported Date: 02/25/15
Founded in 1955

exco resources inc (XCO) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.7M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $706.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2014.

exco resources inc (XCO) Key Developments

EXCO Resources Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Reports Impairment Charge for the First Quarter Ended March 31, 2015

EXCO Resources Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company announced total revenues of $86,320,000 against $198,472,000 a year ago. Operating loss was $313,618,000 against operating income of $57,423,000 a year ago. Loss before income taxes was $318,112,000 against $4,606,000 a year ago. Net loss was $318,112,000 or $1.17 basic and diluted per share against $4,606,000 or $0.02 basic and diluted per share a year ago. Net cash provided by operating activities was $56,530,000 against $200,334,000 a year ago. Additions to oil and natural gas properties, gathering systems and equipment were $120,888,000 against $101,404,000 a year ago. Property acquisitions were $7,608,000 against $426,000 a year ago. EBITDA was $228,133,000 against $84,833,000 a year ago. Adjusted EBITDA was $58,295,000 against $111,722,000 a year ago. GAAP results for the first quarter 2014 were positively impacted by higher realized prices; however, this was partially offset by losses on derivative financial instruments. Adjusted net income was $18,851,000 or $0.07 per share against $11,897,000 or $0.05 per share a year ago. Net debt as at March 31, 2015 was $1,450 million against $1,450 million as at March 31, 2014. The decrease in adjusted EBITDA compared to the fourth quarter 2014 was due primarily to lower commodity prices in the current period and partially offset by lower operating costs. The GAAP net loss during the first quarter 2015 was primarily due to the impairment of the company’s oil and natural gas properties pursuant to the ceiling test in accordance with full cost accounting. Drilled 13 gross (5.5 net) and turned-to-sales 29 gross (14.6 net) operated horizontal wells in the first quarter 2015, consistent with the capital budget. Total production was 339 Mmcfe per day or 30 Bcfe for the first quarter 2015 against 407 Mmcfe per day, or 37 Bcfe for the first quarter 2014. Production increased 7 Mmcfe per day from the fourth quarter 2014 excluding the impact of an asset divestiture. For the first quarter ended March 31, 2015, the company recorded impairment on oil and natural gas properties of $276,327,000.

EXCO Resources Inc. Appoints Harold H. Jameson as Chief Operating Officer

EXCO Resources Inc. announced that the company’s Board of Directors appointed Harold H. Jameson as company's Chief Operating Officer, effective April 17, 2015. Mr. Jameson most recently served as company’s Vice President of Development & Production with primary responsibilities including company’s horizontal shale development drilling programs in the Haynesville, Eagle Ford and Marcellus assets. Mr. Jameson has served in a Vice President role since March 2011. Prior to joining EXCO in 2007, Mr. Jameson was employed at Anadarko Petroleum Corporation from 1991 to 2007, and during his career he has had multiple responsibilities in technical or leadership roles including asset management, drilling & completions, production engineering, reservoir engineering, economic evaluations and field development in U.S. onshore and international projects.

EXCO Resources Inc., Q1 2015 Earnings Call, Apr 29, 2015

EXCO Resources Inc., Q1 2015 Earnings Call, Apr 29, 2015

 

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Industry Analysis

XCO

Industry Average

Valuation XCO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 2.6x
Price/Cash Flow 8.0x
TEV/Sales NM Not Meaningful
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