Ray Poage - Concho Resources Independent Director
Director
Mr. Ray M. Poage is an Independent Director of Concho Resources Inc. Mr. Poage has served as a director of Concho since 2007 . Mr. Poage was involved in private investments and is currently a partner in Pedersen Jones Hughston Poage Graham PLLC, a public accounting firm, where he provides accounting and tax services to companies engaged in the oil and natural gas industry. Mr. Poage was previously a partner in KPMG LLP from 1980 to June 2002, when he retired. Mr. Poage previously served as the Chairman of the Audit Committee and as a member of the Board of Directors of Parallel Petroleum Corporation since 2007.
| Age | 68 |
| Tenure | 17 years |
| Phone | 432 683-7441 |
| Web | www.concho.com |
Concho Resources Management Efficiency
The company has Return on Asset of (30.69) % which means that on every $100 spent on assets, it lost $30.69. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (77.91) %, meaning that it generated no profit with money invested by stockholders. Concho Resources' management efficiency ratios could be used to measure how well Concho Resources manages its routine affairs as well as how well it operates its assets and liabilities.The company has 3.86 B in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Concho Resources has a current ratio of 1.7, which is typical for the industry and considered as normal. Debt can assist Concho Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Concho Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Concho Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Concho to invest in growth at high rates of return. When we think about Concho Resources' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -77.91 | |||
| Return On Asset | -30.69 |
Concho Resources Leadership Team
Elected by the shareholders, the Concho Resources' board of directors comprises two types of representatives: Concho Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Concho. The board's role is to monitor Concho Resources' management team and ensure that shareholders' interests are well served. Concho Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Concho Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Timothy Leach, Chairman, CEO and President Chairman of Concho Equity Holdings Corp and CEO of Concho Equity Holdings Corp | ||
| Matthew Hyde, Sr. VP of Exploration | ||
| Jacob Gobar, Chief Accounting Officer, Vice President | ||
| Joseph Wright, COO and Executive VP | ||
| Edwin Wright, COO, Executive Vice President | ||
| Mark Puckett, Lead Independent Director | ||
| Keith Corbett, Senior Vice President - Corporate Engineering and Planning | ||
| Scott Kidwell, Senior Vice President - Administration | ||
| Darin Holderness, CFO, Sr. VP and Treasurer | ||
| Price Moncrief, Senior Vice President - Corporate Development and Midstream | ||
| Steven Gray, Independent Director | ||
| Clay Bateman, Senior Vice President - Assets | ||
| Steven Beal, Independent Director | ||
| Mary Berry, Vice President Chief of Staff and Assistant Corporate Secretary | ||
| Gary Merriman, Independent Director | ||
| Travis Counts, Senior Vice President General Counsel, Corporate Secretary | ||
| Susan Helms, Independent Director | ||
| C Giraud, Chief Operating Officer, Executive Vice President | ||
| Erick Nelson, Senior Vice President - Operations and Production | ||
| William Easter, Independent Director | ||
| Ray Poage, Independent Director | ||
| JSteve Guthrie, Senior Vice President - Business Operations and Engineering | ||
| Jack Harper, Executive VP | ||
| Brenda Schroer, Chief Financial Officer, Senior Vice President, Treasurer | ||
| Gayle Burleson, Senior Vice President - Business Development and Land | ||
| Megan Hays, Vice President of Investor Relations and Public Affairs | ||
| William Giraud, Executive Vice President Chief Commercial Officer and Corporate Secretary | ||
| Tucker Bridwell, Independent Director | ||
| John Surma, Independent Director |
Concho Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Concho Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -77.91 | |||
| Return On Asset | -30.69 | |||
| Operating Margin | 83.34 % | |||
| Current Valuation | 16.21 B | |||
| Shares Outstanding | 196.3 M | |||
| Shares Owned By Insiders | 0.87 % | |||
| Shares Owned By Institutions | 93.00 % | |||
| Number Of Shares Shorted | 5.88 M | |||
| Price To Earning | 24.80 X | |||
| Price To Book | 1.64 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Concho Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Concho Resources' short interest history, or implied volatility extrapolated from Concho Resources options trading.
Pair Trading with Concho Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Concho Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Concho Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Schlumberger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schlumberger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schlumberger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schlumberger NV to buy it.
The correlation of Schlumberger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Schlumberger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schlumberger NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Schlumberger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Concho Stock
If you are still planning to invest in Concho Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Concho Resources' history and understand the potential risks before investing.
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