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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

Is a Beat Likely for Concho Resources This Earnings Season?

Concho Resources' (CXO) third-quarter oil and gas output is likely to have increased 12.9% year over year.

Is the Options Market Predicting a Spike in Concho Resources (CXO) Stock?

Investors need to pay close attention to Concho Resources (CXO) stock based on the movements in the options market lately.

EOG Resources Falls 14% in First 9 Months of 2019: Here's Why

The prolonged weakness in crude pricing scenario has been among the major factors marring EOG Resources' (EOG) prospects.

Cenovus (CVE) Hikes Q4 Dividend & Lowers 2019 Capital Budget

Cenovus (CVE) says that its operations, as a whole, are strong enough to generate significant fund flow that will help it lower debt burden.

Nilanjan Banerjee headshot

Permian Oil Producers Steal the Spotlight: 4 Likely Gainers

Permian basin is likely to be the major contributor to America's oil production growth.

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

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

Nilanjan Choudhury headshot

Permian Oil Production Growth to Continue: 5 Stocks in Focus

Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.

The Zacks Analyst Blog Highlights: Concho, Crescent Point, TOTAL, Transocean and Halliburton

The Zacks Analyst Blog Highlights: Concho, Crescent Point, TOTAL, Transocean and Halliburton

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Asset Sale Deals From Concho, Crescent Point Steal the Show

While Concho Resources (CXO) is looking to boost the value of its legacy assets and minimize cost structure, Crescent Point Energy (CPG) is focusing on debt reduction.

Nilanjan Choudhury headshot

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

Oil is facing a two-pronged attack, rising domestic supply and fears of a global economic slowdown in the backdrop of the U.S.-China trade war.

Concho to Sell Shelf Asset, Plans to Begin Buyback Program

Concho Resources' (CXO) stock repurchase program is a validation of the company's motive to generate strong cash flow alongside sustainable oil production.

Concho Resources (CXO) in Focus: Stock Moves 8.2% Higher

Concho Resources (CXO) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

Diamondback's (FANG) Q2 Earnings Miss on Weak Gas Prices

Diamondback (FANG) now forecasts full-year output in the range of 277-284 MBOE/d (58-70% oil) versus prior guidance of 272-287 MBOE/d.

Key Factors to Impact Ring Energy (REI) This Earnings Season

While significant output growth is expected to buoy Ring Energy's (REI) second-quarter 2019 earnings, weaker y/y commodity prices may dent overall results.

Factors to Consider Ahead of Diamondback (FANG) Q2 Earnings

While production growth is likely to buoy second-quarter results of Diamondback (FANG), weaker y/y commodity prices may play spoilsports.

Concho (CXO) Q2 Earnings Miss on Weak Fuel Prices, High Cost

Concho Resources' (CXO) operating expenses in Q2 skyrockets 106% from the prior-year quarter to $1,532 million owing to massive impairment charges, thereby denting profits.

Concho Resources (CXO) Q2 Earnings Miss Estimates

Concho Resources (CXO) delivered earnings and revenue surprises of -6.76% and 0.88%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Key Factors to Impact Concho Resources (CXO) Q2 Earnings

Two major areas of interest - output growth and oil price realizations - are sending mixed signals with regard to Concho Resources' (CXO) results in the to-be reported quarter.

Earnings Preview: Concho Resources (CXO) Q2 Earnings Expected to Decline

Concho Resources (CXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nilanjan Choudhury headshot

Oil Gets a Lift from EIA Inventory Data, Storm Supply Risks

The federal government's EIA report revealed that crude inventories plunged by 9.5 million barrels for the week ending Jul 5, more than 4.5 times what energy analysts had expected.

SRCI vs. CXO: Which Stock Is the Better Value Option?

SRCI vs. CXO: Which Stock Is the Better Value Option?

Nilanjan Banerjee headshot

Can the Crude Slump Dent Oil Production Volumes in America?

With the advent of advanced drilling technologies, oil producers are now competitive enough to produce higher volumes despite investing lower capital and employing lesser rigs.

Why Is Concho Resources (CXO) Down 7.6% 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.

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Permian Drillers Steal the Spotlight: 4 Stocks Worth Tracking

Permian drillers are more efficient as they are deploying lesser oil rigs to produce more of the commodity.

Mark Vickery headshot

Top Stock Reports for Disney, Coca-Cola & Gilead

Today's Research Daily features new research reports on 16 major stocks, including Disney (DIS), Coca-Cola (KO) and Gilead (GILD).