Concho Stock Hits New 52-Week High (CXO)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Wednesday as it is currently trading at $114.68, above its previous 52-week high of $113.88 with 336,081 shares traded as of 11:25 a.m. ET. Average volume has been 822,600 shares over the past 30 days.
Concho has a market cap of $10.58 billion and is part of the
sector and
industry. Shares are up 20.2% year to date as of the close of trading on Tuesday.
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of producing oil and natural gas properties in the United States. Its operations are focused in the Permian Basin of Southeast New Mexico and West Texas. The company has a P/E ratio of 22.4, above the average energy industry P/E ratio of 17.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Concho as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
.
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