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Parex Resources Inc. (PXT) EPS Estimated At $0.34; Cambrian Capital Limited Partnership Cut Its Concho Res (CXO) Position

Analysts expect Parex Resources Inc. (TSE:PXT) to report $0.34 EPS on March, 6.They anticipate $0.74 EPS change or 185.00% from last quarter’s $-0.4 EPS. T_PXT’s profit would be $52.61M giving it 13.24 P/E if the $0.34 EPS is correct. After having $0.44 EPS previously, Parex Resources Inc.’s analysts see -22.73% EPS growth. It closed at $18 lastly. It is down 0.00% since February 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Cambrian Capital Limited Partnership decreased Concho Res Inc (CXO) stake by 20.55% reported in 2017Q3 SEC filing. Cambrian Capital Limited Partnership sold 6,600 shares as Concho Res Inc (CXO)’s stock declined 5.25%. The Cambrian Capital Limited Partnership holds 25,517 shares with $3.36 million value, down from 32,117 last quarter. Concho Res Inc now has $21.62B valuation. The stock increased 0.33% or $0.48 during the last trading session, reaching $146.52. About 1.04M shares traded. Concho Resources Inc. (NYSE:CXO) has risen 13.53% since February 18, 2017 and is uptrending. It has underperformed by 3.17% the S&P500.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.04, from 1.03 in 2017Q2. It is negative, as 43 investors sold CXO shares while 136 reduced holdings. 30 funds opened positions while 147 raised stakes. 137.75 million shares or 1.36% more from 135.90 million shares in 2017Q2 were reported. Amalgamated Bank & Trust holds 15,802 shares or 0.06% of its portfolio. Tributary Cap Management Lc has invested 0.12% in Concho Resources Inc. (NYSE:CXO). Panagora Asset holds 0.01% or 10,372 shares. Pub Employees Retirement Association Of Colorado holds 0.03% or 27,690 shares. State Treasurer State Of Michigan holds 0.05% of its portfolio in Concho Resources Inc. (NYSE:CXO) for 45,132 shares. Canada Pension Plan Investment Board accumulated 0% or 11 shares. State Street reported 7.73 million shares. Cornerstone accumulated 0.01% or 68 shares. Teacher Retirement Of Texas has invested 0.17% in Concho Resources Inc. (NYSE:CXO). Ranger Investment Mngmt Ltd Partnership holds 0% or 350 shares in its portfolio. Suntrust Banks Incorporated accumulated 0.01% or 8,902 shares. Los Angeles Mngmt & Equity Research has 5,630 shares for 0% of their portfolio. Kentucky Retirement Sys Insur Trust Fund owns 3,918 shares or 0.09% of their US portfolio. Jpmorgan Chase Co reported 0.22% stake. Calamos Advsr Ltd holds 0.02% or 24,191 shares in its portfolio.

Among 27 analysts covering Concho Resources Inc. (NYSE:CXO), 16 have Buy rating, 0 Sell and 11 Hold. Therefore 59% are positive. Concho Resources Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Concho Resources Inc. (NYSE:CXO) on Sunday, January 21 with “Buy” rating. The stock of Concho Resources Inc. (NYSE:CXO) has “Outperform” rating given on Thursday, October 8 by RBC Capital Markets. KLR Group downgraded the stock to “Hold” rating in Thursday, December 21 report. Wells Fargo downgraded the shares of CXO in report on Friday, December 16 to “Market Perform” rating. Barclays Capital maintained it with “Overweight” rating and $144 target in Wednesday, October 11 report. As per Thursday, July 13, the company rating was maintained by Citigroup. Jefferies maintained Concho Resources Inc. (NYSE:CXO) rating on Wednesday, July 19. Jefferies has “Hold” rating and $14000 target. JP Morgan maintained Concho Resources Inc. (NYSE:CXO) rating on Monday, August 15. JP Morgan has “Overweight” rating and $138 target. The stock has “Buy” rating by RBC Capital Markets on Monday, May 15. The stock has “Neutral” rating by Goldman Sachs on Friday, September 11.

Since January 2, 2018, it had 0 buys, and 1 insider sale for $603,480 activity. 4,000 shares valued at $603,480 were sold by POAGE RAY M on Tuesday, January 2.

Analysts await Concho Resources Inc. (NYSE:CXO) to report earnings on February, 20 after the close. They expect $0.41 EPS, up 105.00% or $0.21 from last year’s $0.2 per share. CXO’s profit will be $60.50M for 89.34 P/E if the $0.41 EPS becomes a reality. After $0.45 actual EPS reported by Concho Resources Inc. for the previous quarter, Wall Street now forecasts -8.89% negative EPS growth.

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in South America. The company has market cap of $2.79 billion. It holds interests in onshore exploration and production blocks totaling approximately 2,091,404 gross acres in Colombia. It has a 52.48 P/E ratio. The firm has proved plus probable reserves of 41.1 million barrels of oil equivalent.

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