CXO

Concho Resources Inc.

Industrial/Transportation


Presented:10/27/2014
Price:$105.46
Cap:$11.90B
Current Price:$65.60
Cap:$13.19B

Presented

Date10/27/2014
Price$105.46
Market Cap$11.90B
Ent Value$14.93B
P/E Ratio24.98x
Book Value$46.01
Div YieldN/A
Shares O/S112.95M
Ave Daily Vol1,330,000
Short Int2.50%

Current

Price$65.60
Market Cap$13.19B
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 region of southeast New Mexico and West Texas. As of December 31, 2013, its total estimated proved reserves were 502.9 million barrel of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.

Publicly traded companies mentioned herein: Cimarex Energy Co (XEC), Concho Resources Inc (CXO)

Highlights

Despite the recent drop in WTI Crude and Street downgrades of Concho Resources’ (CXO) stock, the presenter expressed confidence in CXO’s management team and is long the stock. He does not believe CXO will cut its budget, as production is expected to double heading into 2016. From a relative value perspective, shares appear to be attractively priced at 5.5x his 2015 EBITDA estimate (6x the Street’s) and just over 4x 2016 EBITDA estimates.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.