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Is this Large Market Cap Stock target price reasonable for Concho Resources, Inc. (NYSE:CXO)?

The company in question is, Concho Resources, Inc. (NYSE:CXO) currently with a stock price of 124.02 (-1.09% today). The market cap for Concho Resources, Inc. is 17454.57, and is in the sector Basic Materials, and Oil & Gas Drilling & Exploration industry. The target price for Concho Resources, Inc. is 147.59. Currently Concho Resources, Inc. is trading with a P/E of *TBA, and a forward P/E of *TBA. Average volume for Concho Resources, Inc. is 1454.16 and so far today it is 1492100.

Performance in the last year for Concho Resources, Inc. has been 20.79%. For EPS growth, Concho Resources, Inc. has seen a growth of -88.90%, and is looking to grow in the next year to -204.50%. More long term stats show that EPS growth has been -19.20% over the last five years and could be 3.94% for the next five years. Concho Resources, Inc. has seen sales growth quarter over quarter at -58.30%, with EPS growth quarter over quarter at -115.50%. The 20-day simple moving average is -2.56%, with the 200-day simple moving average coming to 13.15%.

Since the IPO date for Concho Resources, Inc. on the 8/3/2007, Concho Resources, Inc. has seen performance year to date to be 33.56%. With Concho Resources, Inc. trading at 124.02, the dividend yield is *TBA, and the EPS is -8.5.

So could Concho Resources, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 11.39 and the P/B is at 2.74. The P/cash is 36.27, with P/free cash flow at *TBA.

Concho Resources, Inc. ability to deal with debt shows that the current ratio is 1.9, and the quick ratio is 1.9. This is with long term debt/equity at 0.56, and total debt/equity at 0.

In terms of margins, Concho Resources, Inc. has a gross margin of 67.50%, an operating margin of -96.50% and a profit margin of -72.40%.Payout ratio for Concho Resources, Inc. is *TBA. Return on assets come to -9.40% with return on investment coming to 3.40%.

Insider ownership for Concho Resources, Inc., is at 0.10% and institutional ownership comes to 92.90%. Outstanding shares are at 140.74. While shares float is 139.21. The float short is currently 5.02%, and short ratio is 4.81.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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