New Highs at NYSE: Concho Resources (NYSE:CXO), Penn Virginia Corporation (NYSE:PVA), Precision Drilling (NYSE:PDS), Ultra Petroleum (NYSE:UPL)

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Concho Resources Inc. (NYSE:CXO) reports that John Surma has been appointed to the company’s board of directors and that Jack Harper has rejoined the company as executive vice president.
On last trading day Concho Resources Inc. (NYSE:CXO) ended up 3.26%higher to close at $122.19 while trading in the range of $118.29 – $124.85. Its return on assets (ROA) is 4.20% while return on investment (ROI) is 6.30%.Concho Resources Inc. (NYSE:CXO) monthly performance is 3.71%.

Shares of Penn Virginia (NYSE:PVA) have earned an average recommendation of “Buy” from the fourteen brokerages that are covering the company, AnalystRatings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.60. Penn Virginia Corporation (NYSE:PVA) in last trading activity ended up at $16.91 with day range of $16.35 – $17.35. Company weekly performance is 2.05% while its quarterly performance stands at 69.10%.Penn Virginia Corporation (NYSE:PVA) is -1.57% away from its 52 week high.

Equities research analysts at Jefferies Group raised their price objective on shares of Precision Drilling (NYSE:PDS) from C$13.00 to C$14.00 in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 19.05% from the company’s current price. Precision Drilling Corp (USA) (NYSE:PDS) belongs to Basic Materials sector with market capitalization of 3.27 billion and has 3.45% insider ownership. In last trading activity company’s stock closed at $11.67 while opening price was $11.43.

Shares of Ultra Petroleum Corp. (NYSE:UPL) saw some unusual options trading on Thursday. Stock investors bought 25,688 put options on the stock, Analyst Ratings News reports. This is an increase of 831% compared to the average volume of 2,758 put options. On Thursday shares of Ultra Petroleum Corp. (NYSE:UPL) opened at $25.57 and closed at $26.74. This Year Company’s Earnings per Share (EPS) growth is 1.54 and next year’s estimated EPS growth is 31.54%. Analysts mean target price for Ultra Petroleum Corp. (NYSE:UPL) is $24.22.

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