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Concho Resources Inc. (CXO)

(Delayed Data from NYSE)

$48.09 USD

48.09
2,028,955

-0.65 (-1.33%)

Updated Sep 18, 2020 04:00 PM ET

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 Buy24.33%
2Buy17.77%
3Hold9.37%
4Sell4.88%
5Strong Sell1.79%
S&P50010.56%

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2-Buy of 5   2      

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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B Value B Growth C Momentum A VGM

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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Bottom 32% (170 out of 251)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for CXO

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Concho Resources Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Assets          
Cash & Equivalents 70 0 0 53 229
Receivables 888 831 543 458 395
Notes Receivable 0 0 0 0 0
Inventories 30 35 14 0 0
Other Current Assets 67 543 35 35 691
Total Current Assets 1,055 1,409 592 546 1,315
Net Property & Equipment 21,327 22,313 13,041 11,302 10,977
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 11 211 0 0 167
Deferred Charges 7 10 13 11 16
Intangibles 1,934 2,243 26 24 26
Deposits & Other Assets 398 108 60 235 142
Total Assets 24,732 26,294 13,732 12,119 12,642
Liabilities & Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Notes Payable 0 0 0 0 0
Accounts Payable 321 303 226 160 183
Current Portion Long-Term Debt 0 159 116 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 386 574 330 360 229
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 475 320 493 234 185
Total Current Liabilities 1,182 1,356 1,165 753 596
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1,654 1,808 687 766 1,630
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,955 4,194 2,691 2,741 3,332
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 159 168 274 237 140
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,950 7,526 4,817 4,497 5,699
Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 14,608 14,773 7,142 6,783 4,628
Retained Earnings 3,320 4,126 1,840 883 2,346
Other Equity 0 0 0 0 0
Treasury Stock 146 131 67 44 32
Total Shareholder's Equity 17,782 18,768 8,915 7,623 6,943
Total Liabilities & Shareholder's Equity 24,732 26,294 13,732 12,119 12,642
Total Common Equity 17,782 18,768 8,915 7,623 6,943
Shares Outstanding 201.00 200.50 148.70 146.00 129.10
Book Value Per Share 88.47 93.61 59.95 52.21 53.78

Fiscal Year End for Concho Resources Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019
Assets          
Cash & Equivalents 320 165 70 0 0
Receivables 507 770 888 798 761
Notes Receivable 0 0 0 0 0
Inventories 27 25 30 30 33
Other Current Assets 513 1,300 67 1,189 66
Total Current Assets 1,367 2,260 1,055 2,017 860
Net Property & Equipment 10,942 10,911 21,327 21,428 22,216
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 80 225 11 121 29
Deferred Charges 51 6 7 8 9
Intangibles 16 17 1,934 2,158 2,240
Deposits & Other Assets 324 195 398 400 124
Total Assets 12,780 13,614 24,732 26,132 25,478
Liabilities & Shareholders Equity 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 224 340 321 286 310
Current Portion Long-Term Debt 0 0 0 55 143
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 191 382 386 471 506
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 345 324 475 528 444
Total Current Liabilities 760 1,046 1,182 1,340 1,403
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 87 1,654 1,783 1,561
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,957 3,956 3,955 4,349 4,350
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 143 159 149 205
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,860 5,235 6,950 7,621 7,519
Shareholders Equity 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 14,543 14,526 14,608 14,840 14,820
Retained Earnings -6,472 -5,997 3,320 3,817 3,284
Other Equity 0 0 0 0 0
Treasury Stock 151 150 146 146 145
Total Shareholder's Equity 7,920 8,379 17,782 18,511 17,959
Total Liabilities & Shareholder's Equity 12,780 13,614 24,732 26,132 25,478
Total Common Equity 7,920 8,379 17,782 18,511 17,959
Shares Outstanding 196.70 196.70 201.00 201.00 201.00
Book Value Per Share 40.26 42.60 88.47 92.09 89.35