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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.

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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

Concho (CXO) Q4 Earnings Top on Volume Gains, Dividend Hiked

Concho Resources (CXO) expects 2020 overall volumes to grow 6-8% y/y, with oil output increasing 10-12%.

Energy Stock Earnings Slated for Feb 18: CXO, FANG & DVN

The divergent graph of oil and natural gas prices noticed in the fourth quarter makes it difficult for analysts to conclusively predict a direction for the period's earnings.

Is a Beat Likely for Concho Resources (CXO) in Q4 Earnings?

Concho Resources' (CXO) two major areas of interest that are output growth and oil price realizations are boosting investors' sentiments on the stock this earnings season.

Earnings Estimates Rising for Concho Resources (CXO): Will It Gain?

Concho Resources (CXO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Nilanjan Choudhury headshot

Oil & Gas US E&P Outlook: Bullish Signals Abound

The U.S.-China trade deal should help prop up the demand outlook for oil while OPEC's deeper supply cuts are likely to push the market back into supply deficit.

The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources

The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources

Nilanjan Banerjee headshot

US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers

Given that shale drillers will probably generate handsome free cashflows in 2020, it would be ideal to keep an eye on the following Permian explorers that are poised to gain.

The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

Nilanjan Banerjee headshot

More Upside Awaits Oil in 2020: Shale Drillers to Gain

The phase-one trade deal, likely to be signed by the first week of January, has improved the outlook for global energy demand.

Kaibalya Pravo Dey headshot

U.S. Shale Producers to Gain as OPEC+ Deepens Output Cuts

The recent production cut of 500,000 BPD from the OPEC+ group is set to result in total output cut of 1.7 million BPD, which represents 1.7% of global demand.

Why Is Concho Resources (CXO) Up 10.3% Since Last Earnings Report?

Concho Resources (CXO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Nilanjan Choudhury headshot

Permian Growth Story to Continue: 5 Oil Producers in Focus

The Permian Shale, which is spread over roughly 75,000 square miles of western Texas and southeastern New Mexico, is believed to hold enough oil to feed all the domestic refineries for 12 years.

Nilanjan Choudhury headshot

U.S. Shale Oil Q3 Earnings: Here's the Roundup of Results

Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their third-quarter earnings reports.

Diamondback's (FANG) Q3 Earnings Miss on Weak Gas Prices

The 2018 purchases of Energen Corporation and Ajax Resources enable Diamondback (FANG) to emerge as a leading Permian Basin oil producer.

Stock Market News For Oct 30, 2019

Benchmarks closed in the negative territory on Tuesday due to Alphabet???s weak earnings report and uncertainties in timely completion of U.S-China Phase one deal.

Concho (CXO) Q3 Earnings Miss on Weak Prices, Revenue Tops

Concho Resources' (CXO) average quarterly production of 329,803 barrels of oil equivalent per day (Boe/d) surpassed the Zacks Consensus Estimate of 323,541 Boe/d.

Concho Resources (CXO) Lags Q3 Earnings Estimates

Concho Resources (CXO) delivered earnings and revenue surprises of -7.58% and 2.85%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Magellan (MMP) to Report Q3 Earnings: What's in the Cards?

A transporter of gasoline and diesel fuel, Magellan's (MMP) straight-forward fee-based business model makes it less susceptible to volatile commodity prices.

Things to Know Before Marathon Petroleum's (MPC) Q3 Earnings

Contribution from last year's Andeavor acquisition is likely to have boosted Marathon Petroleum (MPC) in Q3. However, higher costs are expected to have hurt its bottom line.

Can Higher Throughput Aid HollyFrontier's (HFC) Q3 Earnings?

Certain factors which have a strong influence on HollyFrontier's (HFC) Refining segment are sending mixed signals with regard to the company's results in the third quarter.

Shell (RDS.A) to Report Q3 Earnings: What's in the Cards?

Shell (RDS.A) envisions a 10-14% expansion in third-quarter LNG liquefaction volumes from the year-ago reported figure.

Encana (ECA) to Report Q3 Earnings: What's in the Cards?

Strong production growth is likely to have boosted Encana (ECA) in Q3. However, lower realized commodity prices are expected to have hurt its bottom line.

Baker Hughes (BKR) to Report Q3 Earnings: What's in Store?

The ramp up in international drilling operations is likely to have contributed to Baker Hughes' (BKR) third-quarter earnings.

Nilanjan Choudhury headshot

Key Factors to Impact Williams Companies' (WMB) Q3 Earnings

In Q3, Williams Companies (WMB) is expected to gain from additional volumes from the expansion projects around its core Transco pipeline system.

Apache (APA) to Report Q3 Earnings: What's in the Cards?

Delays in the Midland/Delaware Basins as well as in natural gas production from the Alpine High play might have prompted Apache (APA) to trim volumes from the play.