Last $2.04 USD
Change Today -0.06 / -2.86%
Volume 2.0M
XCO On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

exco resources inc (XCO) Snapshot

Open
$2.10
Previous Close
$2.10
Day High
$2.14
Day Low
$2.03
52 Week High
04/30/14 - $6.60
52 Week Low
01/7/15 - $1.68
Market Cap
558.5M
Average Volume 10 Days
2.2M
EPS TTM
$0.26
Shares Outstanding
273.8M
EX-Date
12/15/14
P/E TM
7.7x
Dividend
--
Dividend Yield
7.35%
Current Stock Chart for EXCO RESOURCES INC (XCO)

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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

President and Chief Operating Officer
Total Annual Compensation: $1.1M
Vice President, General Counsel and Secretary
Total Annual Compensation: $910.0K
Compensation as of Fiscal Year 2013.

exco resources inc (XCO) Key Developments

EXCO Resources Announces to Cut Jobs

EXCO Resources announced that it will cut it's workforce by 15% while cutting its capital budget by 35%, for 2015.

EXCO Resources Inc. Reports Un-Audited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014

EXCO Resources Inc. reported un-audited consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company GAAP net income of $81.4 million, or $0.30 per diluted share compared with net income of $41.6 million, or $0.15 per diluted share, for the third quarter 2014. The increase in net income was primarily due to volatility in commodity prices which resulted in higher unrealized gains on derivative contracts in the fourth quarter 2014. This was partially offset by lower revenues in the fourth quarter 2014 due to a decrease in production and realized commodity prices. GAAP net loss was $122.9 million or $0.57 per diluted share in fourth quarter of last year. Adjusted EBITDA was $80.6 million compared with $93.6 million for the third quarter 2014 and $123.7 million in last year. Adjusted net loss, a non-GAAP measure, was a loss was $4.2 million $0.02 per diluted share compared with adjusted net income of $1.7 million or $0.01 per diluted share for the third quarter 2014 and adjusted net income of $9.5 million or $0.04 per diluted share in last year. The company reported total revenues of $127.8 million compared to $180.4 million, operating income of $3.3 million compared to operating loss of $79.3 million, income before income taxes of $81.4 million compared to loss before income taxes of $122.9 million and net cash provided by operating activities of $3.7 million compared to $127.3 million for the last year. For the year, the company reported GAAP net income of $121.7 million, or $0.45 per diluted share compared with net income of $22.2 million, or $0.10 per diluted share, for the year ended 2013. The increase in net income for the year ended 2014 was primarily due to higher revenues from oil production in the Eagle Ford shale and higher realized natural gas prices. Adjusted EBITDA was $391.2 million compared with $417.5 million for the year ended 2013. Adjusted net income was $0.06 per diluted share compared with $0.30 per diluted share for the year ended 2013. Adjusted net income of $16.7 million or $0.06 per diluted share compared to $68.3 million or $0.30 per diluted share in last year. The company reported total revenues of $660.3 million compared to $634.3 million, operating income of $126.9 million compared to $179.2 million, income before income taxes of $120.7 million compared to $22.2 million, net cash provided by operating activities of $362.1 million compared to $350.6 million, additions to oil and natural gas properties, gathering assets and equipment of $391.8 million compared to $320.5 million and property acquisitions of $10.8 million compared to $976.7 million for the last year. Oil, natural gas and natural gas liquid (‘NGL’) production was 31 Bcfe, or 340 Mmcfe per day, for the fourth quarter 2014 compared with 33 Bcfe, or 358 Mmcfe per day, in the third quarter 2014 and 446 Mmcfe in fourth quarter of 2014. Oil, natural gas and NGL production was 136 Bcfe, or 372 Mmcfe per day, for the year ended 2014 compared with 162 Bcfe, or 444 Mmcfe per day, for the year ended 2013. The decrease in year over year production was primarily the result of natural production declines in East Texas/North Louisiana region and was partially offset by higher oil production from South Texas region.

EXCO Resources Inc. Announces Credit Agreement Amendment

EXCO Resources Inc. announced that it has amended the amended and restated credit agreement to provide EXCO the financial flexibility to selectively develop its asset base while deferring a significant amount of the company’s drilling inventory until commodity prices improve. The credit agreement was amended to remove the total consolidated leverage ratio through September 2016 and then be reinstated in the fourth quarter of 2016 at 6.00x stepping down to 4.50x for the first quarter of 2018; add a senior secured leverage ratio of 2.50x and an interest coverage ratio of 2.00x; and to set the borrowing base at $725 million.

 

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XCO

Industry Average

Valuation XCO Industry Range
Price/Earnings 4.7x
Price/Sales 0.9x
Price/Book 1.1x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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