Are Ampio Pharmaceuticals Inc(AMPE), RSP Permian Inc (RSPP) and Concho Resources Inc(CXO) Worth Taking A Chance On?
New York, NY – GDP INSIDER – 03/16/2015.
This article discusses three companies: Ampio Pharmaceuticals Inc(NYSEMKT:AMPE), RSP Permian Inc(NYSE:RSPP) and Concho Resources Inc(NYSE:CXO)
Ampio Pharmaceuticals Inc(NYSEMKT:AMPE) continued to post strong gains on Friday closing up 14.33% or $1.00 at $7.98, on very heavy trading of 4.015 million shares compared to its three month average trading volume of 0.729 million. The stock has been vastly outperforming the S&P 500 so far this year, posting a gain of 132.65% year to date compared to the S&P 500 which is currently down 0.27% for the same period. With RSI now at 83.70 the stock may be slightly overvalued and could correct downwards making it a hold rather than buy for now.
RSP Permian Inc(NYSE:RSPP) dropped slightly on Friday closing down 1.45% or $0.42 at $28.63 with more than 1.235 million shares changing hands, compared to its three month average trading volume of 1.028 million. The independent oil and natural gas producer specialized in unconventional oil reserves has been bucking the trend of most companies in the oil and natural gas sector, with the stock up 13.88% so far this year. With a one year target estimate of $30.06 there is still some further upside potential, making it a hold until oil prices rise again.
Concho Resources Inc(NYSE:CXO) continued to decline on Friday with the stock closing down 1.19% or $1.27 at $105.49 on subdued trading volume of 1.805 million shares, compared to its three month average trading volume of 2.005 million. The oil and gas developer’s share price has been trending downwards for the last month, but is still up 5.75% so far this year. With quarterly revenue growth falling 6% year on year, the company still has strong quarterly earnings growth of 22.80% and a diluted EPS of $4.88, but with oil prices still falling, it is better to hold.
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