Concho Resources Inc.

Published : December 07th, 2015

Credit Suisse's Top 8 Energy Stocks: Devon Out, Concho In

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Growth | Market | Oil | Ratings |

Credit Suisse's Top 8 Energy Stocks: Devon Out, Concho In

The Energy sector has been the worst-performing market sector in 2015, and the Energy Select Sector SPDR ETF (NYSE: XLE) has fallen 20 percent versus the S&P 500’s 1.5 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have updated their top Energy stock picks in eight different subsectors.

Here’s a full list of the names they chose.

1. Alternative Energy: SolarCity Corp (NASDAQ: SCTY)

Analyst Patrick Jobin sees the company as a “key beneficiary” in the trends toward residential solar and lower capital costs via use of financial vehicles.

2. Independent Refining: Marathon Petroleum Corp (NYSE: MPC)

Analyst Ed Westlake believes that the synergy of the company’s recently-acquired Hess Corp. (NYSE: HES) retail business are “exceeding plans” and is confident that the company will continue to benefit from self-help initiatives.

3. Integrated Oil & Gas: none

Credit Suisse has removed Marathon Oil Corporation (NYSE: MRO) as a top pick this month and has not replaced it with another pick in the Integrated Oil & Gas space.

4. MLPs: Genesis Energy, L.P. (NYSE: GEL)

Analyst John Edwards believes that the MLP is defensive in terms of its direct exposure to commodity price weakness and offensive in terms of the distribution growth expected following its recent acquisition of offshore assets from Enterprise Product Partners LP (NYSE: EPD).

5. Oil & Gas Exploration & Production: Concho Resources Inc (NYSE: CXO)

Westlake and Mark Lear believe that the company has “delivered outstanding operational performance in 2015” and praise the company’s aggressive spending cuts. Concho has replaced Devon Energy Corp (NYSE: DVN) as the new top pick in the space.

6. Oil Services & Equipment: Weatherford International Plc (NYSE: WFT)

Wicklund praises the company’s proactive moves, including “~20% of global headcount cut and >$1bn in annualized cost savings.” Weatherford replaces Franks International NV (NYSE: FI) as a new top stock on Credit Suisse’s updated list.

7. Oilfield Services & Marine Transport: Euronav NV (NYSE: EURN)

Analyst Greg Lewis believes the company has “ample flexibility for fleet acquisitions” and is free to return 80 percent of net income to shareholders via dividends.

8. SMID Cap Oil & Gas Exploration & Production: PDC Energy Inc (NASDAQ: PDCE)

Lear is impressed by the company’s projection of flat production growth in 2016 with as low as $200 million in capex in the event of continued weak oil prices.

Disclosure: the author owns shares of Weatherford.

Latest Ratings for SCTY
DateFirmActionFromTo
Nov 2015BernsteinInitiates Coverage onMarket Perform
Oct 2015BairdDowngradesOutperformNeutral
Oct 2015Goldman SachsDowngradesConviction BuyNeutral

View More Analyst Ratings for SCTY
View the Latest Analyst Ratings

See more from Benzinga

© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the rest of the article at finance.yahoo.com

Concho Resources Inc.

CODE : CXO
ISIN : US20605P1012
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Concho Resources Inc.
10/25/2013Announces Resignation of W. Howard Keenan, Jr. from Its Boar...
Financials of Concho Resources Inc.
2/19/2014Reports Fourth Quarter 2013 and Year End Financial and Opera...
11/6/2013Announces Three Year Accelerated Growth Plan, Provides 2014 ...
8/7/2013Reports Second Quarter 2013 Financial and Operating Results
Project news of Concho Resources Inc.
2/6/2014Reports 2013 Proved Reserves and Production
11/14/2013Concho Resources Expands Executive Management Team
7/1/2013Concho Resources Announces Management Addition
6/4/2013Concho Resources Inc. Announces Successful Results of the Te...
5/30/2013Concho Resources Inc. Announces Participation in Upcoming Co...
5/21/2013Concho Resources Inc. Announces Pricing of Senior Unsecured ...
5/20/2013Concho Resources Inc. Announces Proposed Offering of Senior ...
5/20/2013Concho Resources Inc. Announces Tender Offer and Consent Sol...
5/16/2013Concho Resources Expands Management Team
5/9/2013Concho Resources Inc. Announces Participation in Upcoming Co...
4/4/2013Concho Resources Inc. Announces Participation in Upcoming Co...
2/22/2013Concho Resources Inc. Announces Participation in Upcoming Co...
11/6/2012Concho Resources Inc. Announces Participation in Upcoming Co...
9/13/2012Concho Resources Inc. Announces Participation in Upcoming Co...
8/28/2012Concho Resources Inc. Announces Participation in Upcoming Co...
6/1/2012Concho Resources Inc. Increases Credit Facility to $2.5 Bill...
5/14/2012Concho Resources Inc. to Acquire Oil & Gas Assets in the Per...
3/20/2012Concho Resources Inc. Announces Participation in Upcoming Co...
3/7/2012Concho Resources Inc. Announces Pricing of Senior Unsecured ...
3/7/2012Concho Resources Inc. Announces Proposed Offering of Senior ...
2/29/2012Concho Resources Announces Management Changes
2/21/2012Concho Resources Inc. Announces Participation in Upcoming Co...
12/22/2011Concho Resources Inc. Acquires Permian Basin Properties
12/16/2011Concho Resources Inc. Announces Participation in Upcoming Co...
8/2/2011Concho Resources Inc. Announces Participation in Upcoming Co...
5/20/2011Concho Resources Inc. Announces Participation in Upcoming Co...
5/19/2011Concho Resources Inc. Announces Pricing of Senior Unsecured ...
5/18/2011Concho Resources Inc. Announces Proposed Offering of Senior ...
3/21/2011Concho Resources Inc. Announces Participation in Upcoming Co...
2/28/2011Concho Resources Agrees to Sell Its Bakken Assets for $196 M...
2/24/2011Concho Resources Inc. Reports Fourth Quarter and Full Year 2...
Corporate news of Concho Resources Inc.
8/2/2016Concho Resources reports 2Q loss
8/2/20164:32 pm Concho Resources beats by $0.20, misses on revs
7/14/2016Coverage Initiated on Select Oil and Gas Drillers Stocks
7/6/2016Concho Resources Inc. Schedules Second Quarter 2016 Results ...
1/18/2016Concho Resources Inc. Enhances Southern Delaware Basin Posit...
1/14/2016Concho Resources Inc. Schedules Fourth Quarter and Full-Year...
12/29/2015Concho Resources Inc. to Participate in Upcoming Conferences
12/22/2015Concho Resources (CXO) Crumbles: Stock Falls by 5.8%
12/18/2015The Zacks Analyst Blog Highlights: Mistras Group, Voyager Th...
12/17/20155 Biggest Losers from the Fed Rate Hike
11/4/2015Concho Resources Inc. Reports Third Quarter 2015 Results
11/4/20154:57 pm Concho Resources beats by $0.12, beats on revs
11/4/2015Concho Resources beats 3Q profit forecasts
10/14/2015Why Are EOG Resources’ 3Q15 Revenue Expectations Steady?
10/1/2015Investors Snap Up Concho Resources Shares Despite Oil Slump
10/1/2015Concho Prices Public Offering of 7.7 Million Common Shares
10/1/2015Concho Resources Inc. Announces Upsizing and Pricing of Comm...
9/30/2015Concho Resources Inc. Announces Public Offering of Common St...
9/30/20154:07 pm Concho Resources launches an underwritten public off...
9/25/2015Concho Resources Inc. Schedules Third Quarter 2015 Conferenc...
9/23/2015Concho Resources’ Debt Has Stayed Range-Bound: A Good Sign
9/23/2015Will Concho Resources’ Free Cash Flows Improve?
9/22/2015What Does Wall Street Predict for CXO, PXD, MRO, and CLR?
9/21/2015IPO Bases Are Unconventional, But They Can Lead To Big Gains
9/17/2015How Has Concho Resources’ Production Been?
9/17/2015Two Upstream Energy Companies Whose Stocks Are in the Green
9/9/2015Nomura Picks 6 E&P Companies to Buy Now
8/18/2015Is This The Best Play In U.S. Oil?
8/2/201510-Q for Concho Resources, Inc.
7/31/2015Edited Transcript of CXO earnings conference call or present...
7/29/2015Concho Resources reports 2Q loss
7/20/2015The Permian Basin Rig Count Rose Again Last Week
7/16/2015Permian Shale Oil Production Up Marginally in June
7/14/2015Permian Basin Rig Count Surged Ahead in Week Ending July 10
7/10/2015Natural Gas Prices Rise due to Short Covering
7/10/2015Marathon Oil’s Below-Par Market Performance in 2015
7/9/2015Natural Gas Prices Hit a New Monthly Low before the EIA’s Re...
7/8/2015Natural Gas Prices Hit a 4-Week Low due to Lower Demand Esti...
7/8/2015Continental’s Reserves Try to Keep Pace with Surging Product...
7/8/2015Continental Resources’ Production Soars for Past 13 Quarters
7/7/2015China Stock Dive Hits Oil, As Euro Crisis, Iran Loom
6/29/2015Concho Resources Inc. Schedules Second Quarter 2015 Conferen...
6/22/2015Permian Basin Rig Count Reverses: Adds 1 Last Week
6/19/2015Growth in Pioneer’s Reserves Doesn’t Match Surging Productio...
6/19/2015EOG Production Adjusts to Weak Energy Prices
6/19/2015Reduced Crude Oil Production at Key Shales Expected by July
6/15/2015Is a Turnaround on the Horizon for the Permian Basin Rig Cou...
6/12/2015Increased Earnings Estimates Seen for Concho Resources (CXO)...
6/9/2015Permian Shale Oil Production Rises in May
5/14/2015Despite Energy Caution, Analyst Has 4 Exploration Stocks to ...
5/8/201510-Q for Concho Resources, Inc.
5/5/2015What Analysts Think Einhorn Missed in his Sohn Presentation
4/22/2015Permian Basin Rig Count Registers 19th Straight Fall
4/22/2015US Crude Oil Rig Count Down for 19 Straight Weeks
4/10/2015High Cushing Inventories Hurt WTI Prices
4/9/2015Concho Resources Inc. Schedules First Quarter 2015 Conferenc...
4/2/2015WTI Is under Pressure as Cushing Inventories Approach Capaci...
4/1/2015The US Crude Oil Rig Count Falls by Just 12
3/31/2015EIA Crude Oil Inventory Report: Essentials for Energy Invest...
3/28/2015Why Natural Gas Liquids Production Is Rising
2/27/2015Concho Resources Inc. Announces Upsizing and Pricing of Comm...
2/26/2015Concho Resources Inc. Announces Public Offering of Common St...
2/25/2015Concho Resources beats 4Q profit forecasts
1/5/2015Concho Resources Inc. Updates 2015 Capital Program
12/29/2014Concho Resources Inc. to Participate in Upcoming Conferences
11/7/2014Concho Resources Inc. Announces Participation in Upcoming Co...
11/6/2014Concho Resources Inc. Announces Resignation of A. Wellford T...
11/5/2014Concho Resources Inc. Reports Third Quarter 2014 Results and...
11/5/2014Concho Resources tops 3Q profit forecasts
2/20/2014Announces Participation in Upcoming Conferences
12/30/2013Announces Participation in Upcoming Conferences
12/12/2013Responds to Severe Winter Weather Impact on Operations
7/31/2013Announces Participation in Upcoming Conference
5/1/2013Concho Resources Inc. Reports First Quarter 2013 Financial a...
2/20/2013Concho Resources Inc. Reports Fourth Quarter 2012 and Year E...
2/7/2013Concho Resources Inc. Provides 2012 Operational Update and I...
11/8/2012Concho Resources Inc. Reports Third Quarter 2012 Financial a...
8/6/2012Concho Resources Inc. Reports Second Quarter 2012 Financial ...
5/23/2012Concho Resources Inc. Announces the Appointment of New Offic...
5/2/2012Concho Resources Inc. Reports First Quarter 2012 Financial a...
2/22/2012Concho Resources Inc. Reports Fourth Quarter and Full Year 2...
2/6/2012Concho Resources Inc. Announces 2011 Estimated Full Year Pro...
1/11/2012Concho Resources Announces Appointment of Gary Merriman to I...
8/3/2011Concho Resources Inc. Reports Second Quarter 2011 Financial ...
5/4/2011Concho Resources Inc. Reports First Quarter 2011 Financial a...
2/8/2011Concho Resources Inc. Announces 2010 Estimated Full Year Pro...
11/5/2008Announces Participation in Upcoming Conferences
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (CXO)
65.60-6.02%
NYSE
US$ 65.60
01/15 16:10 -4.20
-6.02%
Prev close Open
69.80 69.12
Low High
64.60 69.12
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  65.60 -%
Volume 1 month var.
18,042,206 -%
24hGold TrendPower© : 25
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202112.43%70.4457.19
2020-31.65%93.3433.13
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+4.63%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :