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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 130.7 (1.38% today). The market cap for Concho Resources, Inc. is 16790.28, and is in the sector Basic Materials, and Oil & Gas Drilling & Exploration industry. The target price for Concho Resources, Inc. is 136.21. 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 1292.53 and so far today it is 465774.

Performance in the last year for Concho Resources, Inc. has been 18.32%. For EPS growth, Concho Resources, Inc. has seen a growth of -88.90%, and is looking to grow in the next year to -580.00%. More long term stats show that EPS growth has been -19.20% over the last five years and could be *TBA for the next five years. Concho Resources, Inc. has seen sales growth quarter over quarter at -73.40%, with EPS growth quarter over quarter at -3.60%. The 20-day simple moving average is 7.58%, with the 200-day simple moving average coming to 22.46%.

Since the IPO date for Concho Resources, Inc. on the 8/3/2007, Concho Resources, Inc. has seen performance year to date to be 38.83%. With Concho Resources, Inc. trading at 130.7, the dividend yield is *TBA, and the EPS is -7.48.

So could Concho Resources, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 10.03 and the P/B is at 2.84. The P/cash is 34.89, 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 68.30%, an operating margin of -88.40% and a profit margin of -66.30%.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 0.90% and institutional ownership comes to 93.00%. Outstanding shares are at 130.24. While shares float is 129.98. The float short is currently 4.72%, and short ratio is 4.75.

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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Mark Hines

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