$0.41 EPS Expected for Concho Resources Inc. (CXO); Ivy High Income Opportunities Fund (IVH) Shorts Raised By 112.5%

February 14, 2018 - By Richard Conner

Ivy High Income Opportunities Fund (NYSE:IVH) had an increase of 112.5% in short interest. IVH’s SI was 5,100 shares in February as released by FINRA. Its up 112.5% from 2,400 shares previously. With 70,600 avg volume, 0 days are for Ivy High Income Opportunities Fund (NYSE:IVH)’s short sellers to cover IVH’s short positions. The stock increased 0.14% or $0.02 during the last trading session, reaching $14.05. About 88,663 shares traded. Ivy Funds – Ivy High Income Opportunities Fund (NYSE:IVH) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts expect Concho Resources Inc. (NYSE:CXO) to report $0.41 EPS on February, 20 after the close.They anticipate $0.21 EPS change or 105.00% from last quarter’s $0.2 EPS. CXO’s profit would be $60.50 million giving it 86.38 P/E if the $0.41 EPS is correct. After having $0.45 EPS previously, Concho Resources Inc.’s analysts see -8.89% EPS growth. The stock decreased 1.27% or $1.82 during the last trading session, reaching $141.66. About 1.18 million shares traded or 3.70% up from the average. Concho Resources Inc. (NYSE:CXO) has risen 13.53% since February 14, 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 dived, as 43 investors sold Concho Resources Inc. 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. Bnp Paribas Asset Mngmt Sa holds 0.05% or 48,622 shares. Twin Management Incorporated holds 0.34% or 48,860 shares in its portfolio. Moreover, Korea Investment has 0.04% invested in Concho Resources Inc. (NYSE:CXO). 8,324 were reported by Nordea. Cubist Systematic Strategies Limited Liability holds 0.02% in Concho Resources Inc. (NYSE:CXO) or 2,362 shares. Miller Howard Investments Inc invested in 5,794 shares or 0.02% of the stock. Waddell Reed Fin Incorporated has 0.11% invested in Concho Resources Inc. (NYSE:CXO). Kbc Grp Nv holds 72,113 shares. Cypress Asset Mgmt Incorporated Tx has invested 0.08% in Concho Resources Inc. (NYSE:CXO). Caymus Prns Lp owns 189,700 shares for 3.15% of their portfolio. Amica Pension Fund Board Of Trustees holds 5,174 shares or 0.08% of its portfolio. Dimensional Fund L P, Texas-based fund reported 1.21 million shares. Next Grp holds 75 shares or 0% of its portfolio. State Of Wisconsin Invest Board holds 262,768 shares or 0.1% of its portfolio. Sun Life holds 0.01% in Concho Resources Inc. (NYSE:CXO) or 1,088 shares.

Since January 2, 2018, it had 0 insider purchases, and 1 sale for $603,480 activity. POAGE RAY M also sold $603,480 worth of Concho Resources Inc. (NYSE:CXO) shares.

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. On Friday, May 5 the stock rating was maintained by Scotia Capital with “Buy”. The firm earned “Hold” rating on Thursday, January 18 by Cowen & Co. PiperJaffray maintained Concho Resources Inc. (NYSE:CXO) rating on Monday, September 18. PiperJaffray has “Overweight” rating and $142 target. Stifel Nicolaus downgraded Concho Resources Inc. (NYSE:CXO) rating on Thursday, April 13. Stifel Nicolaus has “Buy” rating and $206 target. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Buy”. The company was downgraded on Friday, December 16 by Wells Fargo. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 20 report. The rating was maintained by KeyBanc Capital Markets on Sunday, January 21 with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $19200 target in Thursday, July 13 report. Jefferies maintained the stock with “Hold” rating in Wednesday, July 19 report.

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 United States. The company has market cap of $20.91 billion. The company’s principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. It has a 37.19 P/E ratio. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent.

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