Concho Resources Inc. (CXO)
(Delayed Data from NYSE)
$109.49 USD
+4.63 (4.42%)
Updated May 3, 2019 04:00 PM ET
After-Market: $109.47 (%) 5:22 PM ET
NA Value
NA Growth NA Momentum NA VGMWe use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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$109.49 USD
+4.63 (4.42%)
Updated May 3, 2019 04:00 PM ET
After-Market: $109.47 (%) 5:22 PM ET
NA Value
NA Growth NA Momentum NA VGM
Zacks News
Concho Resources Inc., based in Midland, TX, is an independent oil and gas explorer and producer. Founded in 2004, the company focuses on growth through a combination of acquisitions and active drilling in the lucrative Permian Basin spread over west Texas and New Mexico. In July 2018, the company acquired rival RSP Permian Inc. in a $9.5 billion deal. The acquisition – by far the largest in its history – added 92,000 acres of complementary holdings to Concho Resources’ Permian portfolio. The company, which went public in 2007, currently owns roughly, 550,000 net acres in the Permian Basin and is one of the largest producers from the unconventional shale. As of year-end 2019, Concho Resources’ proved reserves tally stood at 1 billion oil-equivalent barrels (62% oil). The company produced approximately 120.8 million barrels of oil equivalent of oil and gas last year, of which more than 63% was oil. Concho Resources is planning on delivering production growth of around 6% to 8% in 2020 while increasing its oil output by 10% to 12% this year versus 2019 levels. The company initiated a dividend program in the first quarter of 2019 and has set a capital investment budget of $2.6 billion to $2.8 billion for this year.
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Why Concho Resources (CXO) Could Be a Potential Winner
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Concho Resources (CXO) sees solid estimate revisions, but seems to be overlooked by the investors.
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Why Is Concho Resources (CXO) Down 4.1% Since the Last Earnings Report?
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Concho Resources (CXO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Initiating Coverage on Concho Resources: Permian Pure-Play
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On Mar 17, we initiated coverage on Midland, TX-based independent oil and gas explorer, Concho Resources Inc. (CXO).
Is Concho Resources (CXO) Stock a Solid Choice Right Now?
by Zacks Equity Research
Concho Resources (CXO) looks like an interesting choice for investors, as it is seeing solid estimate revisions and belongs to a great industry.
Why Concho Resources (CXO) Could Shock the Market Soon
by Zacks Equity Research
One company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Concho Resources Inc. (CXO).
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Concho Resources (CXO) Sees Hammer Chart Pattern: Time to Buy?
by Zacks Equity Research
Concho Resources Inc. (CXO) has been struggling lately, but the selling pressure may be coming to an end soon
Oil Rigs in US Rise to the Highest Mark in One Year
by Zacks Equity Research
U.S. players have already started gathering in oil plays as evident by the fact that these have witnessed the maximum number of oil rigs since Dec 31, 2015.
Concho Resources (CXO): Strong Industry, Solid Earnings Estimate Revisions
by Zacks Equity Research
Concho Resources (CXO) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
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The Zacks Analyst Blog Highlights: Diamondback Energy, Concho Resources, Newfield Exploration, SM Energy and Matador Resources
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