Stocks under radar_ concho resources (nyse_cxo), encana (nyse_eca), bp (nyse_bp) _ the point review

Concho Resources Inc (NYSE:CXO) jumped 1.32% to reach at $104.49. The company has experienced volume of 933,507 million and trading in the price range of $104.15 – $106.70 for the current session.

The sell-side analysts are projecting earnings per share of $0.02 for the current fiscal quarter. For the current year, analysts are predicting earnings of $-0.46 per share according to First Call.

During recent trade the stock opened the current trading session at $106.15 and at 12:47PM EDT the last Bid was at $ 104.28.

Concho Resources Inc (NYSE:CXO) declared on March 28, 2016 it will host a conference call on Thursday, May 5, 2016, at 8:30 AM CT (9:30 AM ET) to discuss first quarter 2016 financial and operating results. The Company plans to announce first quarter 2016 results on Wednesday, May 4, 2016, after close of trading.

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the Unites States. The company’s principal operating areas are located in the Permian Basin of southeast New Mexico and West Texas. As of December 31, 2015, its total estimated proved reserves were 623.5 million barrel of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

Shares of Encana Corporation (USA) (NYSE:ECA) are trading 2.39% at 12:47PM EDT and in the price range of $5.97 – $6.15 for the current session.

Analysts are expecting that the company will report earnings of $-0.08 per share for current quarter. For the current year, sell-side firms are anticipating earnings of $-0.26 per share.

In taking a deeper look at the stock and where it might be headed, brokerage firms on Wall Street currently have a consensus one year price target of 7.16 on the shares. This is according to analysts surveyed by Thomson Reuters First Call.

Encana Corporation (USA) (NYSE:ECA) on March 30, 2016 announced the early tender results of its previously announced offers to purchase for cash its outstanding senior notes listed. The Company further announced that it has increased the aggregate amount that holders of the Notes are entitled to receive in the Tender Offers, excluding accrued and unpaid interest, from $250,000,000 to $400,000,000. Except for such increase in the Aggregate Maximum Tender Amount, all other terms and conditions of the Tender Offers remain unchanged. The Tender Offers are being made pursuant to the Company’s Offer to Purchase dated March 16, 2016 (the “Offer to Purchase”) and the related Letter of Transmittal (together with the Offer to Purchase, the “Offer Documents”), which set forth in detail the terms and conditions of the Tender Offers.

The consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase on the early settlement date pursuant to the Tender Offers will be the applicable Total Consideration set forth, which includes an early tender premium of $30 per $1,000 principal amount of Notes accepted for purchase. All Notes validly tendered and accepted for purchase on the early settlement date will also receive accrued and unpaid interest on such Notes from the last interest payment date with respect to those Notes to, but not including, the early settlement date. All Notes purchased in the Tender Offers will be retired and cancelled by the Company.

BP plc (ADR) (NYSE:BP) shares are moving in the price range of $29.73 – $30.12 in the current session of trading at 12:00 PM EDT, after opening the session at the price of $29.82. Wall Street analysts that cover the company have a current consensus target price of $34.25 on shares.

On technical side, moving averages may help to identify direction of trends, and they might also be used to set levels of support and resistance. The company’s price sits 0.74% above from its 50-day moving average of $30.06 and -6.34% away from the stock’s 200-day moving average which is $31.74.

BP plc (ADR) (NYSE:BP) operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants.