Mark Puckett - Concho Resources Lead Independent Director
Director
Mr. Mark B. Puckett is Lead Independent Director of Concho Resources Inc. Mr. Puckett began his career at Chevron in 1973 and retired in May 2008. During his tenure at Chevron, Mr. Puckett held a variety of positions of increasing responsibility in Chevrons upstream operations before ultimately retiring as the President of Chevrons Energy Technology Company, where he was responsible for managing the companys technology resources across all business segments. In addition, Mr. Puckett served on Chevrons management committee from 1997 until his retirement and served on Chevrons upstream and gas leadership team from 2001 until his retirement. Since his retirement, Mr. Puckett was involved in private investments and previously served a member of the board of directors of Glori Energy, Inc. He is a member of the Society of Petroleum Engineers and the Deans Advisory Council, College of Engineering at Texas AM University since 2012.
| Age | 67 |
| Tenure | 12 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 | ||
| 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 | ||
| 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 | ||
| William Easter, Independent Director | ||
| Steven Gray, Independent Director | ||
| Jack Harper, Executive VP | ||
| Brenda Schroer, Chief Financial Officer, Senior Vice President, Treasurer | ||
| Gayle Burleson, Senior Vice President - Business Development and Land | ||
| Clay Bateman, Senior Vice President - Assets | ||
| Steven Beal, Independent Director | ||
| Gary Merriman, Independent Director | ||
| Tucker Bridwell, 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 Clorox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clorox 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 Clorox - 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 The Clorox to buy it.
The correlation of Clorox 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 Clorox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clorox 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 Clorox 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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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