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Concho Resources Inc (CXO)

46.97   0.93 (2.02%) 10-23 22:34
Open: 46.49 Pre. Close: 46.04
High: 47.95 Low: 46.1948
Volume: 5,751,203 Market Cap: 9,220M
Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. The company is headquartered in Midland, Texas and currently employs 1,503 full-time employees. The firm's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 48.032 - 48.261 48.261 - 48.469
Low: 45.628 - 45.893 45.893 - 46.135
Close: 46.533 - 46.969 46.969 - 47.365

Technical analysis

as of: 2020-10-23 4:42:28 PM
Overall:       
Stoxline posted a NEUTRAL today, upgraded from lower rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 59.44     One year: 69.43
Support: Support1: 44.67    Support2: 40.82
Resistance: Resistance1: 50.89    Resistance2: 59.44
Pivot: 46.03
Moving Average: MA(5): 46.33     MA(20): 45.47
MA(100): 50.68     MA(250): 60.37
MACD: MACD(12,26): -0.03     Signal(9): -0.28
Stochastic oscillator: %K(14,3): 45.42     %D(3): 49.52
RSI: RSI(14): 51.89
52-week: High: 93.34  Low: 33.13  Change(%): -27.7
Average Vol(K): 3-Month: 251025  10-Days: 544513

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
CXO has closed below upper band by 37.1%. Bollinger Bands are 20.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Fri, 23 Oct 2020
Wall Street Praises Concho Resources Inc. (CXO) After Recent Earnings Report - The News Heater

Fri, 23 Oct 2020
Concho Resources Inc (NYSE:CXO) Receives Consensus Recommendation of "Buy" from Brokerages - MarketBeat

Thu, 22 Oct 2020
IFM Investors Pty Ltd Raises Holdings in Concho Resources Inc (NYSE:CXO) - Inspired Traveler

Wed, 21 Oct 2020
Concho Resources Inc. (CXO) Dips 6.01% for October 21 - Equities.com

Wed, 21 Oct 2020
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Concho Resources, Inc. - CXO - PRNewswire

Wed, 21 Oct 2020
Concho Resources Inc. (CXO) volume hits 7.39 million: A New Opening for Investors - News Daemon

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Underperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. (M) 197
Shares Float (M) 193
% Held by Insiders 1.08
% Held by Institutions 96.85
Shares Short (K) 6,690
Shares Short P. Month (K) 6,320

Stock Financials

EPS -48.860
EPS Est This Year 1.610
EPS Est Next Year 1.860
Book Value (p.s.) 40.530
Profit Margin -272.89
Operating Margin -252.96
Return on Assets (ttm) -29.1
Return on Equity (ttm) -74.4
Qtrly Rev. Growth -58.2
Gross Profit (p.s.) 17.691
Sales Per Share 17.945
EBITDA (p.s.) 17.894
Qtrly Earnings Growth
Operating Cash Flow (M) 2,960
Levered Free Cash Flow (M) 3,600

Stock Valuations

PE Ratio -0.96
PEG Ratio 0.52
Price to Book value 1.16
Price to Sales 2.62
Price to Cash Flow 3.12

Stock Dividends

Dividend 0.650
Forward Dividend 0.800
Dividend Yield 0.01
Dividend Pay Date 2020-09-27
Ex-Dividend Date 2020-08-05
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