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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.24
CXO's Cash-to-Debt is ranked lower than
61% of the 472 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. CXO: 0.24 )
Ranked among companies with meaningful Cash-to-Debt only.
CXO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.05 Max: 0.42
Current: 0.24
0
0.42
Equity-to-Asset 0.64
CXO's Equity-to-Asset is ranked higher than
60% of the 426 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. CXO: 0.64 )
Ranked among companies with meaningful Equity-to-Asset only.
CXO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38  Med: 0.47 Max: 0.64
Current: 0.64
0.38
0.64
Debt-to-Equity 0.33
CXO's Debt-to-Equity is ranked higher than
62% of the 302 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.47 vs. CXO: 0.33 )
Ranked among companies with meaningful Debt-to-Equity only.
CXO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31  Med: 0.62 Max: 1.08
Current: 0.33
0.31
1.08
Debt-to-EBITDA 1.30
CXO's Debt-to-EBITDA is ranked higher than
79% of the 247 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.91 vs. CXO: 1.30 )
Ranked among companies with meaningful Debt-to-EBITDA only.
CXO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.83  Med: 2.2 Max: 4.61
Current: 1.3
-2.83
4.61
Interest Coverage 6.96
CXO's Interest Coverage is ranked lower than
59% of the 286 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.44 vs. CXO: 6.96 )
Ranked among companies with meaningful Interest Coverage only.
CXO' s Interest Coverage Range Over the Past 10 Years
Min: 1.52  Med: 5.16 Max: 15.68
Current: 6.96
1.52
15.68
Piotroski F-Score: 7
Altman Z-Score: 3.14
Beneish M-Score: -1.99
WACC vs ROIC
7.18%
6.83%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 47.34
CXO's Operating Margin % is ranked higher than
92% of the 435 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.89 vs. CXO: 47.34 )
Ranked among companies with meaningful Operating Margin % only.
CXO' s Operating Margin % Range Over the Past 10 Years
Min: -126.57  Med: 32.07 Max: 91.4
Current: 47.34
-126.57
91.4
Net Margin % 24.18
CXO's Net Margin % is ranked higher than
82% of the 433 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.28 vs. CXO: 24.18 )
Ranked among companies with meaningful Net Margin % only.
CXO' s Net Margin % Range Over the Past 10 Years
Min: -89.45  Med: 15.53 Max: 55.95
Current: 24.18
-89.45
55.95
ROE % 6.85
CXO's ROE % is ranked higher than
78% of the 436 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.33 vs. CXO: 6.85 )
Ranked among companies with meaningful ROE % only.
CXO' s ROE % Range Over the Past 10 Years
Min: -20.08  Med: 8.93 Max: 26.54
Current: 6.85
-20.08
26.54
ROA % 4.40
CXO's ROA % is ranked higher than
80% of the 512 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.14 vs. CXO: 4.40 )
Ranked among companies with meaningful ROA % only.
CXO' s ROA % Range Over the Past 10 Years
Min: -11.81  Med: 3.78 Max: 12.89
Current: 4.4
-11.81
12.89
ROC (Joel Greenblatt) % 8.92
CXO's ROC (Joel Greenblatt) % is ranked higher than
81% of the 481 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.10 vs. CXO: 8.92 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CXO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.75  Med: 7.38 Max: 24.06
Current: 8.92
-18.75
24.06
3-Year Revenue Growth Rate -18.40
CXO's 3-Year Revenue Growth Rate is ranked higher than
58% of the 378 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.80 vs. CXO: -18.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CXO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -23  Med: 15.7 Max: 42.8
Current: -18.4
-23
42.8
GuruFocus has detected 3 Warning Signs with Concho Resources Inc CXO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CXO's 30-Y Financials

Financials (Next Earnings Date: 2018-02-22)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

CXO Guru Trades in Q4 2016

Jim Simons 310,558 sh (New)
Caxton Associates 12,665 sh (New)
Pioneer Investments 209,449 sh (+0.88%)
T Boone Pickens 35,802 sh (unchged)
Paul Tudor Jones Sold Out
Dodge & Cox 5,539,159 sh (-0.01%)
Ron Baron 209,109 sh (-1.26%)
Ray Dalio 36,838 sh (-9.13%)
John Burbank 673,948 sh (-18.74%)
Spiros Segalas 2,673,811 sh (-1.28%)
» More
Q1 2017

CXO Guru Trades in Q1 2017

George Soros 11,500 sh (New)
Ray Dalio 39,439 sh (+7.06%)
Dodge & Cox 5,539,330 sh (unchged)
Jim Simons Sold Out
Caxton Associates Sold Out
Pioneer Investments Sold Out
Ron Baron 205,498 sh (-1.73%)
T Boone Pickens 27,580 sh (-22.97%)
John Burbank 39,000 sh (-94.21%)
Spiros Segalas 2,486,106 sh (-7.02%)
» More
Q2 2017

CXO Guru Trades in Q2 2017

Pioneer Investments 111,400 sh (New)
Chris Davis 54,398 sh (New)
Caxton Associates 113,305 sh (New)
Steven Cohen 103,500 sh (New)
T Boone Pickens 28,764 sh (+4.29%)
John Burbank Sold Out
George Soros Sold Out
Dodge & Cox 5,535,730 sh (-0.06%)
Ron Baron 200,389 sh (-2.49%)
Ray Dalio 9,114 sh (-76.89%)
Spiros Segalas 2,065,714 sh (-16.91%)
» More
Q3 2017

CXO Guru Trades in Q3 2017

Chris Davis 136,047 sh (+150.10%)
Dodge & Cox 5,664,498 sh (+2.33%)
Spiros Segalas 2,328,303 sh (+12.71%)
Steven Cohen Sold Out
T Boone Pickens 28,646 sh (-0.41%)
Ray Dalio 7,705 sh (-15.46%)
Caxton Associates 93,917 sh (-17.11%)
Ron Baron 134,837 sh (-32.71%)
Pioneer Investments 67,300 sh (-39.59%)
» More
» Details

Insider Trades

Latest Guru Trades with CXO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Dodge & Cox 2017-09-30 Add 2.33%0.01%$108.05 - $132.25 $ 140.2917%5,664,498
Chris Davis 2017-09-30 Add 150.10%0.05%$108.05 - $132.25 $ 140.2917%136,047
Ron Baron 2017-09-30 Reduce -32.71%0.04%$108.05 - $132.25 $ 140.2917%134,837
T Boone Pickens 2017-09-30 Reduce -0.41%0.01%$108.05 - $132.25 $ 140.2917%28,646
Dodge & Cox 2017-06-30 Reduce -0.06%$113.88 - $134.01 $ 140.2911%5,535,730
Ron Baron 2017-06-30 Reduce -2.49%$113.88 - $134.01 $ 140.2911%200,389
Chris Davis 2017-06-30 New Buy0.03%$113.88 - $134.01 $ 140.2911%54,398
T Boone Pickens 2017-06-30 Add 4.29%0.07%$113.88 - $134.01 $ 140.2911%28,764
George Soros 2017-06-30 Sold Out 0.04%$113.88 - $134.01 $ 140.2911%0
Ron Baron 2017-03-31 Reduce -1.73%$125.18 - $144.46 $ 140.294%205,498
T Boone Pickens 2017-03-31 Reduce -22.97%0.34%$125.18 - $144.46 $ 140.294%27,580
George Soros 2017-03-31 New Buy0.04%$125.18 - $144.46 $ 140.294%11,500
Dodge & Cox 2016-12-31 Reduce -0.01%$126.68 - $143.25 $ 140.293%5,539,159
Ron Baron 2016-12-31 Reduce -1.26%$126.68 - $143.25 $ 140.293%209,109
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:ASX:WPL, NYSE:DVN, MIC:TATNP, NYSE:APA, TSE:1605, NYSE:CLR, NYSE:PXD, NYSE:HES, NYSE:NBL, NYSE:COG, TSE:8031, NYSE:APC, NYSE:MRO, NYSE:EQT, NYSE:XEC, TSX:ECA, NAS:FANG, BKK:PTTEP, BUD:MOL, ASX:OSH » details
Traded in other countries:KIJ.Germany, CXO.Mexico,
Headquarter Location:USA
Concho Resources Inc is an oil and natural gas company. It is engaged in the acquisition, development, exploitation and exploration of producing oil and natural gas properties. It operates in the Delaware Basin.

With headquarters in Midland, Texas, Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At year-end 2015, proven reserves were 624 million barrels of oil equivalent, with net production of 143 thousand boe per day. Oil represented approximately 66% of production and 60% of reserves.

Guru Investment Theses on Concho Resources Inc

Baron Energy and Resources Fund Comments on Concho Resources - Nov 21, 2016

Concho Resources, Inc. (NYSE:CXO) is an independent oil and gas E&P company focused on the Permian basin in West Texas and New Mexico. Shares rose in the third quarter on increased production guidance, lowered cash costs, and a solid operations update, as well as strong M&A activity in the Delaware basin, which highlighted the value of its holdings in the basin. As one of the best run mid-cap E&P companies, in our view, we believe Concho is well positioned to exploit the deep economic inventory of drilling locations where it operates.



From Baron Energy and Resources third quarter 2016 commentary.



Check out Ron Baron latest stock trades

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Ratios

vs
industry
vs
history
PE Ratio 35.52
CXO's PE Ratio is ranked lower than
77% of the 199 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.00 vs. CXO: 35.52 )
Ranked among companies with meaningful PE Ratio only.
CXO' s PE Ratio Range Over the Past 10 Years
Min: 5.09  Med: 31.07 Max: 207.53
Current: 35.52
5.09
207.53
Forward PE Ratio 71.43
CXO's Forward PE Ratio is ranked lower than
87% of the 128 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 19.42 vs. CXO: 71.43 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 35.52
CXO's PE Ratio without NRI is ranked lower than
75% of the 203 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.00 vs. CXO: 35.52 )
Ranked among companies with meaningful PE Ratio without NRI only.
CXO' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.26  Med: 33.95 Max: 294.19
Current: 35.52
5.26
294.19
Price-to-Owner-Earnings 137.27
CXO's Price-to-Owner-Earnings is ranked lower than
95% of the 88 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.05 vs. CXO: 137.27 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
CXO' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 23.35  Med: 46.28 Max: 140.13
Current: 137.27
23.35
140.13
PB Ratio 2.42
CXO's PB Ratio is ranked lower than
72% of the 443 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.22 vs. CXO: 2.42 )
Ranked among companies with meaningful PB Ratio only.
CXO' s PB Ratio Range Over the Past 10 Years
Min: 1.1  Med: 2.62 Max: 4.73
Current: 2.42
1.1
4.73
PS Ratio 8.85
CXO's PS Ratio is ranked lower than
78% of the 398 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.16 vs. CXO: 8.85 )
Ranked among companies with meaningful PS Ratio only.
CXO' s PS Ratio Range Over the Past 10 Years
Min: 2.58  Med: 5.84 Max: 12.17
Current: 8.85
2.58
12.17
Price-to-Operating-Cash-Flow 13.30
CXO's Price-to-Operating-Cash-Flow is ranked lower than
71% of the 278 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. CXO: 13.30 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CXO' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.45  Med: 8.85 Max: 15.97
Current: 13.3
3.45
15.97
EV-to-EBIT 23.07
CXO's EV-to-EBIT is ranked lower than
61% of the 221 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.28 vs. CXO: 23.07 )
Ranked among companies with meaningful EV-to-EBIT only.
CXO' s EV-to-EBIT Range Over the Past 10 Years
Min: -646.2  Med: 19.1 Max: 88.7
Current: 23.07
-646.2
88.7
EV-to-EBITDA 11.00
CXO's EV-to-EBITDA is ranked lower than
53% of the 291 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.48 vs. CXO: 11.00 )
Ranked among companies with meaningful EV-to-EBITDA only.
CXO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -398.8  Med: 10.1 Max: 32.4
Current: 11
-398.8
32.4
EV-to-Revenue 10.15
CXO's EV-to-Revenue is ranked lower than
73% of the 420 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.52 vs. CXO: 10.15 )
Ranked among companies with meaningful EV-to-Revenue only.
CXO' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.9  Med: 7.4 Max: 14.9
Current: 10.15
3.9
14.9
Shiller PE Ratio 77.98
CXO's Shiller PE Ratio is ranked lower than
87% of the 79 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 15.68 vs. CXO: 77.98 )
Ranked among companies with meaningful Shiller PE Ratio only.
CXO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 31.72  Med: 66.73 Max: 109.12
Current: 77.98
31.72
109.12
Current Ratio 0.66
CXO's Current Ratio is ranked higher than
58% of the 497 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.35 vs. CXO: 0.66 )
Ranked among companies with meaningful Current Ratio only.
CXO' s Current Ratio Range Over the Past 10 Years
Min: 0.55  Med: 0.76 Max: 3
Current: 0.66
0.55
3
Quick Ratio 0.66
CXO's Quick Ratio is ranked higher than
60% of the 497 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.26 vs. CXO: 0.66 )
Ranked among companies with meaningful Quick Ratio only.
CXO' s Quick Ratio Range Over the Past 10 Years
Min: 0.55  Med: 0.76 Max: 3
Current: 0.66
0.55
3
Days Sales Outstanding 77.35
CXO's Days Sales Outstanding is ranked lower than
75% of the 380 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 45.74 vs. CXO: 77.35 )
Ranked among companies with meaningful Days Sales Outstanding only.
CXO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.38  Med: 81.67 Max: 121.15
Current: 77.35
34.38
121.15
Days Payable 21.17
CXO's Days Payable is ranked lower than
81% of the 246 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 76.90 vs. CXO: 21.17 )
Ranked among companies with meaningful Days Payable only.
CXO' s Days Payable Range Over the Past 10 Years
Min: 8.03  Med: 26.43 Max: 95.17
Current: 21.17
8.03
95.17

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -11.60
CXO's 3-Year Average Share Buyback Ratio is ranked higher than
51% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -12.10 vs. CXO: -11.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CXO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -324.1  Med: -9 Max: -0.7
Current: -11.6
-324.1
-0.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.42
CXO's Price-to-Tangible-Book is ranked lower than
69% of the 419 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.33 vs. CXO: 2.42 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CXO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.45  Med: 2.55 Max: 4.59
Current: 2.42
1.45
4.59
Price-to-Median-PS-Value 1.51
CXO's Price-to-Median-PS-Value is ranked lower than
78% of the 353 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.93 vs. CXO: 1.51 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CXO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.59  Med: 0.99 Max: 2.05
Current: 1.51
0.59
2.05
Price-to-Graham-Number 1.96
CXO's Price-to-Graham-Number is ranked lower than
75% of the 156 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.98 vs. CXO: 1.96 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CXO' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.68  Med: 1.95 Max: 7.69
Current: 1.96
0.68
7.69
Earnings Yield (Greenblatt) % 4.33
CXO's Earnings Yield (Greenblatt) % is ranked higher than
74% of the 513 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.49 vs. CXO: 4.33 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CXO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -9.9  Med: 4.2 Max: 22.9
Current: 4.33
-9.9
22.9
Forward Rate of Return (Yacktman) % -14.59
CXO's Forward Rate of Return (Yacktman) % is ranked higher than
51% of the 184 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -15.30 vs. CXO: -14.59 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CXO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -17  Med: 20.75 Max: 44
Current: -14.59
-17
44

More Statistics

Revenue (TTM) (Mil) $2,330.99
EPS (TTM) $ 3.95
Beta0.87
Short Percentage of Float4.66%
52-Week Range $106.73 - 147.77
Shares Outstanding (Mil)148.70

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 2,377 2,318
EPS ($) 1.54 1.47 2.70
EPS without NRI ($) 1.54 1.47 2.70
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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