| Concho Resources (CXO) Crumbles: Stock Falls by 5.8% | |
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Concho Resources, Inc. CXO saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CXO, as the stock is now down nearly 21% in the past one-month time frame. This slump shouldn’t be too much of a surprise to investors, as the company, which acquires, develops, and explores for oil and natural gas properties in the U.S., has seen 5 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case. CXO currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive. Investors interested in the Oil — U.S. Exploration & Production industry may consider a better-ranked stock like Antero Resources Corporation AR, carrying a Zacks Rank #1 (Strong Buy). Is CXO going up? Or down? Predict to see what others think: Up or Down Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CONCHO RESOURCS (CXO): Free Stock Analysis Report ANTERO RESOURCE (AR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Concho Resources Inc.
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CODE : CXO |
ISIN : US20605P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Concho Resources is a exploration company based in United states of america. Concho Resources is listed in United States of America. Its market capitalisation is US$ 9.6 billions as of today (€ 7.9 billions). Its stock quote reached its highest recent level on July 05, 2019 at US$ 99.97, and its lowest recent point on January 15, 2021 at US$ 65.60. Concho Resources has 146 059 000 shares outstanding. |