123.63 0.00 (0.00%)
After hours: 4:40PM EST
|Bid||117.11 x 900|
|Ask||124.45 x 3100|
|Day's Range||122.25 - 124.97|
|52 Week Range||93.31 - 163.11|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||19.00|
|Earnings Date||Feb 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||167.58|
Oil Traders: Goldman Sachs Expects a Slowdown(Continued from Prior Part)Futures spreadOn January 14, US crude oil February 2019 futures closed ~$2.58 below the February 2020 futures. On January 7, the futures spread was at a discount of ~$3.1. On
A late swoon in crude prices weighed on these oil stocks last year, but a rebound in the oil market could enable them to go from worst to first in 2019.
Shares of the San Ramon, Calif.-based super-major rose 2% to $110.82 on Friday amid a rebound in oil prices from their December trough, helping build support for the company to be more aggressive in its business strategy amid a rosier macro environment. "Chevron has a good balance sheet, they should go buy," Jim Cramer said this morning on the floor of the New York Stock Exchange. , largely based upon its substantial decline from its mid-2018 highs that might make the stock a bargain for a bigger fish like Chevron.
With oil still below the psychological $50-a-barrel threshold, energy investors should brace themselves for more M&A activities to unfold as stronger companies line up to buy the weaker ones.
Concho Resources Inc. will host a conference call on Wednesday, February 20, 2019 at 8:00 AM CT to discuss fourth quarter and full-year 2018 financial and operating results.
Concho Resources Inc. (CXO) (the “Company” or “Concho”) today announced a series of leadership changes that enhance and expand the Company’s management team and position the Company for continued value creation. As previously disclosed and planned, Will Giraud has assumed the position of Executive Vice President and Chief Operating Officer, succeeding Joe Wright, who retired from the role at year-end 2018 and continues to serve on Concho’s Board of Directors. Giraud most recently served as Executive Vice President and was responsible for Concho’s asset teams, business development and strategy.
The acquisition follows other multimillion-dollar deals the Houston-based company recently made in its effort to develop the largest integrated water management network in North America.
Tim Leach has been the CEO of Concho Resources Inc. (NYSE:CXO) since 2006. This analysis aims first to contrast CEO compensation with other large companies. Next, we'll consider growth that Read More...
The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil February futures in the past four trading sessions: ConocoPhillips (COP) at 99.3% Occidental Petroleum (OXY) at 99.3%. Diamondback Energy (FANG) at 99.1% Concho Resources (CXO) at 98.5% Oasis Petroleum (OAS) at 98.7%
On December 19, US crude oil February futures rose 3.4% from the lowest closing level in more than a year and closed at $48.17 per barrel. The market wasn’t expecting a decline of 0.5 million barrels in US crude oil inventories last week, but short-covering might have pushed oil prices higher.
In the week ending on December 7, US crude oil inventories were 7% higher than their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely.
The Zacks Analyst Blog Highlights: Baker Hughes, Schlumberger, Diamond Offshore Drilling, Transocean and Concho Resources
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish […]