Concho Resources Earnings Miss With Natural Gas Prices 60-80% Lower

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  • #21458
    ThePitBoss
    Participant

    Independent oil and gas company Concho Resources reported…

    [article]1647[/article]

    #21470
    ThePitBoss
    Participant

    Market Summary >
    Concho Resources Continued to collapse after the conference call and oil collapsing which gained speed on POTUS adding more tariffs on China.
    NYSE: CXO 75.97 USD −21.71 (-22.23%) Close

    #24253
    ThePitBoss
    Participant

    [color=green][size=5][b]SunTrust upgraded Concho Resources (CXO) to Buy from Hold
    [/b][/size][/color]
    Believe Concho is one of the better positioned E&Ps as the company was able to keep a more stable program than most while cutting rigs and frac spreads beginning mid-April. Further, firm considers the company a premier takeout candidate.

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