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Concho Resources Inc. (CXO)

(Delayed Data from NYSE)

$109.49 USD

109.49
2,580,959

+4.63 (4.42%)

Updated May 3, 2019 04:00 PM ET

After-Market: $109.47 (%) 5:22 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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NA

Industry: NA

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Zacks News

Eni (E) May Offload Mexican Oilfield Stake to Drive Growth

Eni (E) is reportedly discussing with prospective buyers, including Qatar Petroleum, about the divestment of 20% to 35% stakes in the Campeche Bay oil prospect.

    Activist Investor Plans Carrizo (CRZO) Shake-Up, Hikes Stake

    Kimmeridge boosts its stake in Carrizo (CRZO) to put pressure on the company, for pursuing asset sales and other strategic initiatives to buoy its staggering financials and share price.

      Statoil Signs LoI for Phase 2 of Johan Sverdrup Development

      Statoil's (STO) award of contracts for phase 2 is likely to boost activity at numerous yards along the Norwegian coast.

        Enbridge May Divest Part of Midstream Properties in Canada

        Enbridge (ENB) will reportedly get $1.6 billion from the divestment of midstream assets, engaged in the gathering and processing of natural gas in Canada.

          Comstock (CRK) Unveils Refinancing Plan to Boost Liquidity

          Comstock (CRK) announces Arkoma Drilling's interest to back the refining program.

            Shell to Divest Gaza Marine to Buoy Finances, Boost Portfolio

            With Shell (RDS.A) already wrapping up divestment deals worth more than $23 billion, it remains focused to achieve its $30-billion divestment target within 2018.

              Sunoco (SUN) Inks Deal to Boost Fuel Distribution Business

              The acquisition deal with Superior Plus is likely to be immediately accretive to Sunoco's (SUN) distributable cash flows.

                SM Energy to Divest Assets in Williston Basin & Upton County

                SM Energy's (SM) divestitures are in sync with the company's strategy to focus on the development of its core holdings in top tier Midland Basin and Eagle Ford assets.

                  ConocoPhillips (COP) Releases Updates on Buy & Sell Activity

                  ConocoPhillips' (COP) addition of acreage in Lower 48 and Montney will strengthen portfolio.

                    Encana (ECA) Inks Pipestone Midstream Agreement with Keyera

                    The deal is also expected to give a boost to Encana's (ECA) five-year targets for strong cash flow generation along with high production growth.

                      WPX Energy Exits San Juan, Focuses on Delaware & Williston

                      WPX Energy's (WPX) focus on oil production is going to boost its performance, given the ongoing recovery of oil prices from historic lows.

                        Eni (E) to Expand Footprint in Mexico With Block 28 Rights

                        The award of the Block 28 provides Eni (E) with considerable operational synergies in Mexico. The company will hold a stake of 75% in Block 28.

                          Concho (CXO) Inks Mega $9.5B Deal to Acquire RSP Permian

                          The acquisition of its rival RSP Permian is set to create a humongous Permian Pure-play and is likely to make Concho (CXO) one of the top-most energy producers in the Permian basin.

                            Here's Why You Should Scoop Up Stone Energy Stock Right Now

                            We appreciate Stone Energy's (SGY) strong foothold in the Gulf of Mexico, which offers abundant crude reserves.

                              SM Energy Forecasts Stronger Production From Permian Basin

                              SM Energy (SM) expects strong production in 2019 despite 15% lower capital allocation for the year.

                                Sinopec's (SNP) Q4 Earnings Miss Estimates, Revenues Up Y/Y

                                Sinopec's (SNP) 2017 results benefit from higher natural gas production and refinery throughput, partially offset by lower crude oil production.

                                  Williams Partners' Garden State Expansion Project Goes Live

                                  Williams Partners' (WPZ) raises shareholders' optimism through consistent focus on beneficial and cost-effective projects.

                                    ExxonMobil's Sakhalin Project Awaits Decision on Output Hike

                                    The output from ExxonMobil (XOM) led Sakhalin-1 project is likely to be increased post the approval of the Ministry of Natural Resources.

                                      Why Concho Resources (CXO) Could Be a Potential Winner

                                      Concho Resources (CXO) sees solid earnings estimate revisions and looks poised to shock the market, and yet seems overlooked by the investors.

                                        The Zacks Analyst Blog Highlights: Concho, EOG and Pioneer Natural

                                        The Zacks Analyst Blog Highlights: Concho, EOG and Pioneer Natural

                                          US Exploration Industry Holds Up Well: 4 Oil Stocks to Buy

                                          Among all the industries belonging to the Energy sector, US Exploration seems lucrative with healthy free cash flow and declining debt load.

                                            McDermott (MDR) to Bid $5 Billion for Asia-Pacific Contracts

                                            McDermott (MDR) intends to place 20 bids for projects in Malaysia, India, Australia, Vietnam, Indonesia and Myanmar.

                                              Here's Why You Should Invest in Northern Oil and Gas Now

                                              Northern Oil and Gas (NOG) is likely to receive boost from upbeat guidance for 2018. The increased spending will further propel growth.

                                                ConocoPhillips' Barossa Development Plan Gets Regulatory Nod

                                                Along with operatorship, ConocoPhillips (COP) possesses 37.5% interest in the Barossa gas and condensate development.

                                                  The Zacks Analyst Blog Highlights: Concho, Continental, Northern Oil, WildHorse and Bonanza Creek

                                                  The Zacks Analyst Blog Highlights: Concho, Continental, Northern Oil, WildHorse and Bonanza Creek