Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's confirms Concho's ratings and will withdraw after close of ConocoPhillips' debt exchange offer. Global Credit Research- 09 Feb 2021. NOTE: On February 11, 2021, the press release was corrected as follows: In the RATINGS RATIONALE section, the third paragraph was added.
Rating Action: Moody's confirms Concho's ratings and will withdraw after close of ConocoPhillips' debt exchange offer. Global Credit Research- 09 Feb 2021. New York, February 09, 2021-- Moody's Investors Service confirmed Concho Resources Inc.' s senior unsecured notes ratings at Baa3.
Summary Marketline's Qep Resources, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Qep Resources, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organ...
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable December 18, 2020, to stockholders of record at the close of business on November 6, 2020. Concho Resources Inc. Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing and producing oil and natural gas resources. We are working today to deliver a better to...
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) today announced third-quarter 2020 results, reporting a net loss of $61 million, or $0.31 per share. Adjusted net income (non-GAAP), which excludes certain non-cash and special items, for third-quarter 2020 was $282 million, or $1.43 per share. Tim Leach, Chairman and Chief Executive Officer, commented, "Despite the challenging market environment, Concho delivered excellent results that demonstrate the strength of our business, our high-quality asset base and our ability to execute. On October 19, we announced our intention t...
MAT currently trades above corporate averages relative to Uniform earnings, with a 26.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to improve from 5% in 2019 to 13% in 2024, accompanied by 4% Uniform asset contraction going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to expand to 11% in 2021, accompanied by 10% Uniform asset shrinkage. However, management appears concerned about revenue, operations, and margins. Current...
Rating Action: Moody's reviews Concho Resources' ratings for upgrade upon acquisition by ConocoPhillips. Global Credit Research- 19 Oct 2020. New York, October 19, 2020-- Moody's Investors Service placed the Baa3 long-term ratings of Concho Resources Inc. on review for upgrade.
The independent financial analyst theScreener just changed two ratings for the qualification of CONCHO RESOURCES (US), active in the Exploration & Production industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 3 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date October 16, 2020, ...
Concho Resources Inc. (CXO:USA) currently trades at a discount to UAFRS-based (Uniform) assets, with a 0.7x Uniform P/B. At these levels, the market has expectations for profitability to remain muted, and management appears concerned about macroeconomic uncertainty, their efficiency, and business plans Specifically, management may have concerns about the macroeconomic picture, their limited strategic options, and their ability to increase their percentage of recycled water use. In addition, the...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) will host a conference call on Thursday, October 29, 2020 at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2020 financial and operating results. The Company plans to announce third-quarter 2020 results on Wednesday, October 28, 2020, after close of trading. Conference Call Information: Dial-in: (844) 263-8298 Intl. dial-in: (478) 219-0007 Participant Passcode: 4263756 To access the live webcast, visit the Company’s website at . The replay will also be available on Concho’s website under the “Investors” section. Concho R...
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) today announced that Jack Harper, President, will present at the Raymond James 16th Annual North American Equities Conference. The presentation will begin at 7:50 AM CT on Tuesday, September 15, 2020. A live audio webcast of the presentation will be available on the “Events & Presentations” page under the “Investors” section of the Company’s website at . The webcast will be archived and available at the same location after the conclusion of the live event. Concho Resources Inc. Concho Resources (NYSE: CXO) is one of the ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Concho Resources Inc.. Global Credit Research- 11 Sep 2020. New York, September 11, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Concho Resources Inc. and other ratings that are associated with the same analytical unit.
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