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Concho Resources Inc is an oil & gas e&p business based in the US. Concho Resources shares (CXO) are listed on the NYSE and all prices are listed in US Dollars. Concho Resources employs 1,453 staff and has a trailing 12-month revenue of around USD$3.5 billion.
|52-week range||USD$33.13 - USD$93.34|
|50-day moving average||USD$49.3654|
|200-day moving average||USD$51.5644|
|Wall St. target price||USD$72.62|
|Dividend yield||USD$0.8 (1.85%)|
|Earnings per share (TTM)||USD$6.355|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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Valuing Concho Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Concho Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Concho Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Concho Resources shares trade at around 12x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Concho Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.5034. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Concho Resources's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Concho Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$3.5 billion.
The EBITDA is a measure of a Concho Resources's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3.5 billion|
|Gross profit TTM||USD$3.5 billion|
|Return on assets TTM||-29.15%|
|Return on equity TTM||-74.39%|
|Market capitalisation||USD$8.5 billion|
TTM: trailing 12 months
There are currently 6.7 million Concho Resources shares held short by investors – that's known as Concho Resources's "short interest". This figure is 5.8% up from 6.3 million last month.
There are a few different ways that this level of interest in shorting Concho Resources shares can be evaluated.
Concho Resources's "short interest ratio" (SIR) is the quantity of Concho Resources shares currently shorted divided by the average quantity of Concho Resources shares traded daily (recently around 1.8 million). Concho Resources's SIR currently stands at 3.76. In other words for every 100,000 Concho Resources shares traded daily on the market, roughly 3760 shares are currently held short.
However Concho Resources's short interest can also be evaluated against the total number of Concho Resources shares, or, against the total number of tradable Concho Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Concho Resources's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Concho Resources shares in existence, roughly 30 shares are currently held short) or 0.0543% of the tradable shares (for every 100,000 tradable Concho Resources shares, roughly 54 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Concho Resources.
Find out more about how you can short Concho Resources stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Concho Resources.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 48.89
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Concho Resources's overall score of 48.89 (as at 08/01/2020) is pretty weak – landing it in it in the 100th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Concho Resources is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 27.42/100
Concho Resources's environmental score of 27.42 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Concho Resources is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 17.44/100
Concho Resources's social score of 17.44 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Concho Resources is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 14.52/100
Concho Resources's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Concho Resources is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Concho Resources scored a 1 out of 5 for controversy – the highest score possible, reflecting that Concho Resources has managed to keep its nose clean.
|Total ESG score||48.89|
|Total ESG percentile||99.66|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||1|
We're not expecting Concho Resources to pay a dividend over the next 12 months.
Over the last 12 months, Concho Resources's shares have ranged in value from as little as $33.13 up to $93.34. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Concho Resources's is 1.864. This would suggest that Concho Resources's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.
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