With a one year PEG ratio of 0.17, Concho Resources Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than just 2.53% of US stocks.
Of note is the ratio of Concho Resources Inc's sales and general administrative expense to its total operating expenses; only 2.66% of US stocks have a lower such ratio.
Over the past twelve months, CXO has reported earnings growth of -752.83%, putting it ahead of only 2.63% of US stocks in our set.
Stocks that are quantitatively similar to CXO, based on their financial statements, market capitalization, and price volatility, are MGY, HES, FANG, TECK, and XEC.
CXO's SEC filings can be seen here. And to visit Concho Resources Inc's official web site, go to www.concho.com.
Concho Resources is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The company was founded in 2006 and is based in Midland, Texas.
S&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI Holdings Inc. (NYSE:YETI) will replace Trimble in the S&P MidCap 400, and Hilltop Holdings Inc. (NYSE:HTH) will replace YETI Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 21. S&P 500/100 constituent ConocoPhillips (NYSE: COP) acquired Concho Resources in a deal completed today.
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced the extension of the expiration date of the offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho Resources Inc. (“Concho”) as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes to be issued by ConocoPhillips and fully and unconditionally guaranteed by