Concho Resources Inc. (CXO): Stochastic Analysis

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Concho Resources Inc. (NYSE:CXO) for the period of 9-Day stands at 21.9% while the stochastic %D for the same period stands at 13.53%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Concho Resources Inc. (NYSE:CXO) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Concho Resources Inc. (NYSE:CXO) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Concho Resources Inc. (NYSE:CXO)’s 20-Day Bollinger Band indicates “Hold”.


About Company

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. The Company’s conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of unconventional emerging resource plays.


Previous Day Activity Analysis

On the last trading day, Concho Resources Inc. (NYSE:CXO) opened the session at $128.12 and after going up 2.53% closed at $130.34. The stock gained 2.22 points in the last trade.

Concho Resources Inc. (NYSE:CXO)’s stock fluctuated in the range of $128.12 and $131.81 during the previous active session. Concho Resources Inc. (NYSE:CXO) traded with the volume of 2.51 Million with average volume of 2.23 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.97 while ATR (Average True Range) and RSI (Relative Strength Index) are at 5 and 35.52 respectively.

Currently the Insider Ownership of the shares of Concho Resources Inc. (NYSE:CXO) is at 1% and the shares outstanding are 158.42 Million.


Important Ratio Analysis

Some important ratios to consider here for Concho Resources Inc. (NYSE:CXO) are discussed below:

Price to Earnings P/E ratio stands at 26.32 while Forward P/E shows the value of 20.98.

The PEG ratio (Price to Earning to Growth) emits the value of 0.41. The Price to Sale P/S and Price to Book P/B shows the value of 7.07 and 1.98 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0 and 0 correspondingly.


The Quick Ratio of Concho Resources Inc. (NYSE:CXO) stands at 0.6 while the Current Ratio depicts the value of 0.6.

Return on Assets ROA of Concho Resources Inc. (NYSE:CXO) is at 8.2% whereas, Return on Equity ROE and Return of Investment ROI of Concho Resources Inc. (NYSE:CXO) stand at 12.6% and 5.8% respectively.


Stock Performance Analysis b>

The stock performance of Concho Resources Inc. (NYSE:CXO) on the basis of 5 day trade show the dip of -5.08% whereas, the monthly performance of the stock shows decrease of -17.67%.

The quarterly performance of the stock remained in red zone with the value of -12.96% while six month performance of the shares of Concho Resources Inc. (NYSE:CXO) remained bearish with the count of -5.76%.

The yearly and YTD performance of Concho Resources Inc. (NYSE:CXO) remained mix at 8.07% and -13.23% respectively.