122.03 -0.52 (-0.42%)
After hours: 6:46PM EDT
|Bid||122.03 x 800|
|Ask||150.00 x 1000|
|Day's Range||119.09 - 123.30|
|52 Week Range||93.31 - 163.11|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||9.25|
|Forward Dividend & Yield||0.50 (0.45%)|
|1y Target Est||N/A|
Concho Resources (CXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chevron's takeover of Anadarko could spark a wave of mergers in the oil industry with major players in the Permian Basin being primary targets.
Everyone thinks M&A in the Permian Basin is heating up. Some assets looks especially cheap. Here is a list of what producers to focus on.
"Anadarko was the first big oil deal this year, but I bet it won't be the last," CNBC's Jim Cramer says. "We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public," he says. CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019.
What to Expect from ConocoPhillips' Q1 EarningsOil prices and ConocoPhillips’ earnings ConocoPhillips’ (COP) adjusted EPS might fall ~24% in the first quarter on a sequential basis based on analysts’ consensus estimate for an adjusted EPS of
Today we are going to look at Concho Resources Inc. (NYSE:CXO) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insi...
Beta Crude Connector is going to aid in the transportation of Concho's (CXO) growing production in the Northern Midland Basin in the Permian play.
Have US Oil Exports Bottomed?Brent-WTI spreadOn April 15, Brent crude oil June futures settled ~$7.78 higher than the WTI crude oil May futures. On April 8, the spread was at ~$6.7—the lowest level for the spread since August 21, 2018.Sign up
Chevron Corp. (NYSE: CVX ), the second-largest U.S. oil company, set the energy sector buzzing Friday when it announced a billion deal to acquire Anadarko Petroleum Corp. (NYSE: APC ). Some market observers ...
A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The monthly reports of the International Energy Agency and OPEC, both released this past week, reflect just how much the world's crude oil markets have tightened. The first is what OPEC refers to as the "difference" and what the IEA refers to as the "call." It's the amount of crude oil that is needed to be produced by OPEC to keep the market from drawing or building inventories.
The early years of the US shale oil and gas industry, documented well in both Russell Gold’s The Boom and Gregory Zuckerman’s The Frackers, were a colourful era, full of big personalities, inspired visionaries and dubious chancers. will accelerate the process of the shale industry being absorbed into Big Oil, and there are fundamental financial reasons why we can expect that trend to continue. in the Permian Basin, thanks largely to an accident of history.
Midland-based shale producer Concho Resources and Frontier Midstream Solutions, based in Tulsa, Oklahoma, team up to provide crude oil gathering, transportation and storage services in the Northern Midland Basin.
Friday was a big day for many oil stock names after Chevron agreed to buy Anadarko Petroleum for $33 billion. Meanwhile another stock, Chesapeake Energy Corporation (NYSE:CHK), fell due to some Wall Street commentary. Let's take a closer look at Chesapeake, Exxon Mobil Corporation (NYSE:XOM), Devon Energy Corp (NYSE:DVN), Hess Corporation (NYSE:HES), and Concho Resources Inc. (NYSE:CXO), and see how the […]
Oil major Chevron Corp's $33 billion deal on Friday to acquire Anadarko Petroleum Corp has some investors and industry executives asking whether it is time for other U.S. shale oil and gas producers to consider selling themselves. Anadarko has been one of the pioneers of the shale revolution, which turned the United States into the world's biggest oil producer, overtaking Russia and Saudi Arabia. The Houston-based company's willingness to ink a sale, rather than capitalize on oil prices rebounding, illustrates the significant challenges facing many U.S. shale producers.
The deal, however, is sparking new enthusiasm for other companies whose stocks have been dormant for months, even as the price of crude oil has risen. Of those, we are most bullish about Diamondback, whose valuable land in the fast-growing Permian Basin and smart capital management should appeal to investors—and possibly to an acquirer. Chevron is buying Anadarko (APC), a global oil and gas producer, for $65 a share, a 39% premium to its Thursday closing price.
Pioneer, Concho and Noble Energy Inc. surged Friday after Chevron unveiled plans to buy Anadarko, a deal that expands the supermajor’s presence in the Permian region, Gulf of Mexico and East Africa. The transaction vaults Chevron into the rarefied air of rivals Exxon Mobil Corp. and Royal Dutch Shell Plc, which in turn may be roused to make acquisitions of their own.
Shares of the Houston-based petroleum firm fell quickly in morning trading after news that its higher bid wasn't enough to capture Anadarko. CNBC reported that the OXY bid more than $70 a share for Anadarko in cash and stock. The Chevron deal does not include that requirement.
With an Anadarko deal apparently sewn up, the market is looking at Pioneer Natural Resources, Parsley Energy, and Concho Resources as the next logical takeover targets.
Looking for the next big energy deal. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Karen Finerman and Guy Adami.