Concho Resources Company Profile (NYSE:CXO)

About Concho Resources (NYSE:CXO)

Concho Resources logoConcho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:CXO
  • CUSIP: 20605P10
  • Web:
  • Market Cap: $19.31 billion
  • Outstanding Shares: 147,107,000
Average Prices:
  • 50 Day Moving Avg: $130.07
  • 200 Day Moving Avg: $133.77
  • 52 Week Range: $114.33 - $147.55
  • Trailing P/E Ratio: 90.35
  • Foreward P/E Ratio: 56.83
  • P/E Growth: 4.04
Sales & Book Value:
  • Annual Revenue: $1.94 billion
  • Price / Sales: 9.95
  • Book Value: $58.00 per share
  • Price / Book: 2.26
  • EBIDTA: $1.08 billion
  • Net Margins: -89.23%
  • Return on Equity: 0.93%
  • Return on Assets: 0.53%
  • Debt-to-Equity Ratio: 0.38%
  • Current Ratio: 3.00%
  • Quick Ratio: 3.00%
  • Average Volume: 1.27 million shs.
  • Beta: 1.16
  • Short Ratio: 3.61

Frequently Asked Questions for Concho Resources (NYSE:CXO)

What is Concho Resources' stock symbol?

Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO."

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) released its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.49 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.18. The company had revenue of $612 million for the quarter, compared to analysts' expectations of $607.71 million. Concho Resources had a positive return on equity of 0.93% and a negative net margin of 89.23%. The business's revenue for the quarter was up 115.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share. View Concho Resources' Earnings History.

When will Concho Resources make its next earnings announcement?

Concho Resources is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Concho Resources.

Where is Concho Resources' stock going? Where will Concho Resources' stock price be in 2017?

22 equities research analysts have issued 1-year price objectives for Concho Resources' shares. Their forecasts range from $135.00 to $206.00. On average, they expect Concho Resources' share price to reach $162.72 in the next year. View Analyst Ratings for Concho Resources.

What are analysts saying about Concho Resources stock?

Here are some recent quotes from research analysts about Concho Resources stock:

  • 1. According to Zacks Investment Research, "We are upgrading our investment thesis on Concho Resources to a 'Buy. CXO shares have gained +23% over the last one year, handily outperforming the Zacks Oil & Gas-U.S. Exploration & Production industry, which rose just +13% over the same time period. The company's core operations are focused in the prolific Permian basin, providing this large-cap E&P with an enviable acreage of low-risk top-tier assets and a multi-year drilling inventory. While Concho's track record of production growth remains strong, it has been achieved at a competitive cost structure. CXO also maintains a robust balance sheet, while following a prudent investment approach. Consequently, we think CXO offers substantial upside potential from the current price levels and view it as an attractive investment.  " (3/27/2017)
  • 2. KLR Group analysts commented, "We are increasing our CXO target price $13 to $189 per share due to slightly lower capital intensity, approximately 3% higher oil composition and higher gas price realizations partially offset by higher operating/overhead expense. Our '17 production growth forecast of ~22% is at the midpoint of company guidance (20%-24% growth)." (2/22/2017)
  • 3. Stifel Nicolaus analysts commented, "4Q16 EPS/CFPS of $0.20/$2.43 compared to our estimate of ($0.24)/$2.51 and Street consensus of ($0.07)/$2.41. EPS beat our forecast on realized price (1%) and most costs/unit including LOE (-10%) partially offset by production (-2%) and cash G&A (3%) (Figure 1). Production of 164.3 MBoe/d was 1% short of both Street/SF estimates but inline with guidance (164-167 MBoe/d). Volumes increased 7% from 3Q16 and 14% y/y." (2/22/2017)

Who are some of Concho Resources' key competitors?

Who owns Concho Resources stock?

Concho Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.13%), BlackRock Inc. (6.66%), State Street Corp (5.35%), Jennison Associates LLC (4.02%), JPMorgan Chase & Co. (3.58%) and TIAA CREF Investment Management LLC (2.68%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, C William Giraud, Darin G Holderness, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Matthew Glover Hyde, Ray M Poage, Steven L Beal, Timothy A Leach and Tucker S Bridwell. View Institutional Ownership Trends for Concho Resources.

Who sold Concho Resources stock? Who is selling Concho Resources stock?

Concho Resources' stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, FMR LLC, Wells Fargo & Company MN, Wellington Management Group LLP, OppenheimerFunds Inc., Credit Suisse AG, British Airways Pensions Investment Management Ltd and Alliancebernstein L.P.. Company insiders that have sold Concho Resources stock in the last year include Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

Who bought Concho Resources stock? Who is buying Concho Resources stock?

Concho Resources' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Lime Rock Management LP, Vanguard Group Inc., State Street Corp, TCW Group Inc., William Blair Investment Management LLC, Geode Capital Management LLC and FIL Ltd. View Insider Buying and Selling for Concho Resources.

How do I buy Concho Resources stock?

Shares of Concho Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Concho Resources stock cost?

One share of Concho Resources stock can currently be purchased for approximately $131.28.

Analyst Ratings

Consensus Ratings for Concho Resources (NYSE:CXO) (?)
Ratings Breakdown: 5 Hold Ratings, 17 Buy Ratings
Consensus Rating:Buy (Score: 2.77)
Consensus Price Target: $162.72 (23.95% upside)

Analysts' Ratings History for Concho Resources (NYSE:CXO)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Jefferies Group LLCSet Price TargetHold$140.00HighView Rating Details
5/17/2017Piper Jaffray CompaniesReiterated RatingOverweight -> Overweight$171.00 -> $172.00MediumView Rating Details
5/15/2017BMO Capital MarketsReiterated RatingBuy$180.00LowView Rating Details
5/12/2017Royal Bank of CanadaReiterated RatingBuy$178.00LowView Rating Details
5/6/2017Credit Suisse Group AGSet Price TargetBuy$158.00LowView Rating Details
5/4/2017ScotiabankSet Price TargetBuy$156.00MediumView Rating Details
4/22/2017Citigroup IncReiterated RatingBuy$172.00 -> $173.00MediumView Rating Details
4/12/2017Stifel NicolausInitiated CoverageTop Pick -> Buy$206.00MediumView Rating Details
2/23/2017Barclays PLCSet Price TargetBuy$152.00N/AView Rating Details
2/22/2017KLR GroupReiterated RatingBuy$176.00 -> $189.00N/AView Rating Details
2/22/2017Goldman Sachs Group IncBoost Price TargetNeutral$165.00 -> $169.00N/AView Rating Details
1/19/2017Mitsubishi UFJ Financial GroupUpgradeNeutral -> OverweightN/AView Rating Details
12/16/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
12/9/2016Seaport Global SecuritiesUpgradeAccumulate -> BuyN/AView Rating Details
11/21/2016Canaccord GenuityReiterated RatingHold$135.00N/AView Rating Details
11/8/2016Bank of America CorpSet Price TargetBuy$151.00N/AView Rating Details
10/4/2016Johnson RiceInitiated CoverageAccumulateN/AView Rating Details
8/22/2016SimmonsReiterated RatingBuyN/AView Rating Details
8/16/2016Morgan StanleyReiterated RatingBuy$187.00N/AView Rating Details
8/15/2016JPMorgan Chase & Co.Boost Price TargetOverweight$127.00 -> $138.00N/AView Rating Details
8/10/2016Deutsche Bank AGBoost Price TargetBuy$140.00 -> $150.00N/AView Rating Details
8/4/2016SunTrust Banks, Inc.Boost Price TargetBuy$140.00 -> $155.00N/AView Rating Details
4/18/2016Cowen and CompanyDowngradeOutperform -> Market Perform$109.00 -> $114.00N/AView Rating Details
1/21/2016NomuraLower Price TargetBuy$131.00 -> $109.00N/AView Rating Details
12/22/2015KeyCorpLower Price Target$110.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingNeutralN/AView Rating Details
12/1/2015Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$137.00 -> $146.00N/AView Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageBuy$150.00N/AView Rating Details
6/1/2015Evercore ISIInitiated CoverageBuy$150.00N/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Concho Resources (NYSE:CXO)
Earnings by Quarter for Concho Resources (NYSE:CXO)
Earnings History by Quarter for Concho Resources (NYSE:CXO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017Q1 2017$0.31$0.49$607.71 million$612.00 millionViewListenView Earnings Details
2/21/2017Q416($0.07)$0.20$546.19 million$524.60 millionViewN/AView Earnings Details
11/8/2016Q316$0.20$0.32$69.10 million$430.55 millionViewListenView Earnings Details
8/2/2016Q216($0.01)$0.26$482.50 million$396.30 millionViewN/AView Earnings Details
5/4/2016Q116$0.03($0.05)$459.60 million$283.60 millionViewN/AView Earnings Details
2/24/2016Q415$0.04($0.07)$529.27 million$389.15 millionViewListenView Earnings Details
11/4/2015Q315$0.18$0.33$574.86 million$463.50 millionViewN/AView Earnings Details
7/29/2015Q2$0.26$0.38$590.79 million$537.40 millionViewListenView Earnings Details
5/4/2015Q115$0.24$0.36$527.21 million$413.50 millionViewN/AView Earnings Details
2/25/2015Q414$0.85$0.88$682.56 million$594.22 millionViewListenView Earnings Details
11/5/2014Q314$0.92$1.09$708.20 million$700.30 millionViewListenView Earnings Details
8/6/2014Q214$0.97$1.04$676.71 million$704.70 millionViewListenView Earnings Details
5/12/2014Q114$0.97$1.01$629.78 million$660.96 millionViewListenView Earnings Details
2/19/2014Q413$1.07$0.91$628.49 million$632.09 millionViewListenView Earnings Details
11/7/2013Q313$1.05$1.06$597.77 billion$652.92 billionViewListenView Earnings Details
8/7/2013Q2 2013$1.00$0.98$559.40 million$562.79 millionViewListenView Earnings Details
5/1/2013Q1 2013$0.81$0.58$504.75 million$472.13 millionViewListenView Earnings Details
2/20/2013Q4 2012$1.01$0.72$526.42 million$477.53 millionViewListenView Earnings Details
11/7/2012Q312$1.04$0.96$509.68 million$497.55 millionViewN/AView Earnings Details
8/6/2012$1.00$0.78ViewN/AView Earnings Details
5/2/2012$1.16$1.05ViewN/AView Earnings Details
2/22/2012$1.17$4.15ViewN/AView Earnings Details
11/2/2011$1.05$1.14ViewN/AView Earnings Details
8/3/2011$0.94$1.09ViewN/AView Earnings Details
5/5/2011$0.77$0.79ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Concho Resources (NYSE:CXO)
2017 EPS Consensus Estimate: $1.33
2018 EPS Consensus Estimate: $3.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20176$0.11$0.42$0.29
Q2 20176$0.18$0.45$0.36
Q3 20176$0.08$0.40$0.30
Q4 20176$0.13$0.52$0.38
Q1 20182$0.53$0.66$0.60
Q2 20182$0.68$0.77$0.73
Q3 20182$0.83$0.90$0.87
Q4 20182$0.98$0.99$0.99
(Data provided by Zacks Investment Research)


Dividend History for Concho Resources (NYSE:CXO)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for Concho Resources (NYSE:CXO)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 97.00%
Insider Trades by Quarter for Concho Resources (NYSE:CXO)
Institutional Ownership by Quarter for Concho Resources (NYSE:CXO)
Insider Trades by Quarter for Concho Resources (NYSE:CXO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Lawrence J NagyDirectorSell120,000$0.27$32,400.00
3/13/2017J Steve GuthrieSVPSell6,000$128.00$768,000.00View SEC Filing  
1/17/2017E Joseph WrightVPSell28,000$135.15$3,784,200.00View SEC Filing  
1/13/2017Adam Robert TravisDirectorBuy8,000$0.26$2,080.00
1/3/2017Timothy A LeachCEOSell46,150$135.28$6,243,172.00View SEC Filing  
11/23/2016Brenda R SchroerCAOSell1,800$138.04$248,472.00View SEC Filing  
6/6/2016Steven L BealDirectorSell16,250$119.75$1,945,937.50View SEC Filing  
3/16/2016Darin G HoldernessCFOSell16,813$105.14$1,767,718.82View SEC Filing  
3/15/2016C William GiraudVPSell10,000$101.56$1,015,600.00View SEC Filing  
3/15/2016Ray M PoageDirectorSell1,000$100.70$100,700.00View SEC Filing  
3/10/2016J Steve GuthrieSVPSell5,000$96.35$481,750.00View SEC Filing  
2/17/2016E Joseph WrightVPSell36,800$95.01$3,496,368.00View SEC Filing  
2/17/2016Timothy A LeachCEOSell64,209$95.16$6,110,128.44View SEC Filing  
1/29/2016Timothy A LeachCEOSell24,791$95.04$2,356,136.64View SEC Filing  
12/16/2015Matthew Glover HydeVPSell1,000$106.70$106,700.00View SEC Filing  
9/3/2015Tucker S BridwellDirectorSell2,000$107.29$214,580.00View SEC Filing  
7/2/2015Adam Robert TravisDirectorBuy8,000$0.06$480.00
5/27/2015Steven L BealDirectorSell20,000$118.85$2,377,000.00View SEC Filing  
3/30/2015Adam Robert TravisDirectorBuy10,000$0.12$1,200.00
3/27/2015Adam Robert TravisDirectorBuy8,000$0.12$960.00
9/4/2014E Joseph WrightVPSell36,863$134.86$4,971,344.18View SEC Filing  
9/3/2014Matthew Glover HydeVPSell37,302$140.57$5,243,542.14View SEC Filing  
9/2/2014Timothy A LeachCEOSell109,330$139.23$15,222,015.90View SEC Filing  
8/29/2014Darin G HoldernessCFOSell15,000$140.00$2,100,000.00View SEC Filing  
8/21/2014John P SurmaDirectorBuy2,000$130.00$260,000.00View SEC Filing  
8/20/2014Gary A MerrimanDirectorBuy2,000$129.15$258,300.00View SEC Filing  
7/14/2014C William GiraudVPSell5,000$147.65$738,250.00View SEC Filing  
3/4/2014Timothy LeachCEOSell50,000$122.55$6,127,500.00View SEC Filing  
2/26/2014Darin HoldernessCFOSell5,000$119.42$597,100.00View SEC Filing  
12/3/2013Steven BealDirectorSell20,000$104.00$2,080,000.00View SEC Filing  
5/23/2013A Wellford TaborDirectorBuy2,000$80.35$160,700.00View SEC Filing  
8/23/2012Timothy A LeachCEOSell89,269$94.02$8,393,071.38View SEC Filing  
8/22/2012Steven L BealDirectorSell100,000$94.29$9,429,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Concho Resources (NYSE:CXO)
Latest Headlines for Concho Resources (NYSE:CXO)
DateHeadline logoConcho Resources, Inc. breached its 50 day moving average in a Bearish Manner : CXO-US : May 26, 2017 - May 26 at 5:10 PM logoAgree To Purchase Concho Resources At $90, Earn 2.1% Annualized Using Options - Nasdaq - May 24 at 4:26 PM logoBrokers Offer Predictions for Concho Resources Inc's Q2 2017 Earnings (CXO) - May 24 at 8:08 AM logoConcho Resources Inc (CXO) Receives Consensus Rating of "Buy" from Brokerages - May 22 at 7:44 AM logoBrokers Offer Predictions for Concho Resources Inc's Q3 2017 Earnings (CXO) - May 22 at 7:18 AM logoInsider Selling: Concho Resources Inc (CXO) Director Sells 120,000 Shares of Stock - May 19 at 4:25 PM logoConcho Resources Inc. Announces Appointment to the Board of ... - Business Wire (press release) - May 19 at 8:24 AM logoConcho Resources Inc. Announces Appointment to the Board of Directors and Executive Management Changes - May 19 at 8:24 AM logoQ2 2017 EPS Estimates for Concho Resources Inc (CXO) Boosted by Analyst - May 19 at 7:26 AM logoJefferies Group Weighs in on Concho Resources Inc's Q1 2018 Earnings (CXO) - May 18 at 12:52 PM logoConcho Resources Inc (CXO) Given a $140.00 Price Target by Jefferies Group LLC Analysts - May 17 at 8:32 PM logoConcho Resources Inc (CXO) Earns Overweight Rating from Analysts at Piper Jaffray Companies - May 17 at 10:21 AM logoConcho Resources Looks Set to Rally - May 15 at 4:29 PM logoConcho Resources Inc (CXO) Earns "Buy" Rating from BMO Capital Markets - May 15 at 9:50 AM logoConcho Resources Inc (CXO) Stock Rating Reaffirmed by Royal Bank of Canada - May 13 at 12:10 PM logoBank of America Corp Reaffirms Buy Rating for Concho Resources Inc (CXO) - May 11 at 5:58 PM logoOil & Gas Stock Roundup: Shell, Concho Resources Reports Strong Q1, Apache Misses - May 9 at 4:35 PM logoEdited Transcript of CXO earnings conference call or presentation 4-May-17 1:00pm GMT - May 8 at 4:27 PM logoBrokers Issue Forecasts for Concho Resources Inc's FY2019 Earnings (CXO) - May 8 at 12:12 PM logoConcho Resources, Inc. breached its 50 day moving average in a Bullish Manner : CXO-US : May 8, 2017 - May 8 at 9:35 AM logoConcho Resources Inc (CXO) to Post Q3 2017 Earnings of $0.26 Per Share, Capital One Financial Corp. Forecasts - May 8 at 9:02 AM logoConcho Resources Inc (CXO) Given a $156.00 Price Target by Scotiabank Analysts - May 7 at 8:50 AM logoConcho Resources (CXO) Routs Q1 Earnings Estimates - Yahoo Finance - May 5 at 9:53 PM logoSomewhat Favorable News Coverage Very Likely to Affect Concho Resources (CXO) Stock Price - May 4 at 6:30 PM logoConcho Resources (CXO) Routs Q1 Earnings Estimates - May 4 at 4:49 PM logoConcho Resources Inc (CXO) Expected to Earn Q1 2017 Earnings of $0.30 Per Share - May 4 at 8:04 AM logoConcho Resources Inc. Reports First Quarter 2017 Results - Yahoo Finance - May 4 at 8:02 AM logoConcho Resources Inc (CXO) Releases Earnings Results, Beats Estimates By $0.19 EPS - May 4 at 1:34 AM logoConcho Resources Inc (CXO) Posts Earnings Results, Beats Expectations By $0.19 EPS - May 4 at 1:07 AM logoFY2018 Earnings Forecast for Concho Resources Inc Issued By SunTrust Banks (CXO) - May 3 at 5:16 PM logoConcho Resources Inc. Reports First Quarter 2017 Results - May 3 at 4:33 PM logoConcho Resources tops 1Q profit forecasts - May 3 at 4:33 PM logoConcho Resources Inc (CXO) Expected to Announce Quarterly Sales of $617.37 Million - May 3 at 3:10 PM logoConcho Resources (CXO) Earns Daily News Sentiment Score of 0.27 - May 1 at 6:30 PM logoWhat's in Store for Concho Resources (CXO) in Q1 Earnings? - May 1 at 4:31 PM logoWhat's in Store for Concho Resources (CXO) in Q1 Earnings? - May 1 at 4:31 PM logoConcho Resources Inc (CXO) Expected to Announce Earnings of $0.31 Per Share - May 1 at 3:58 PM logoSomewhat Favorable Media Coverage Unlikely to Affect Concho Resources (CXO) Share Price - April 28 at 11:44 PM logoConcho Resources, Inc. – Value Analysis (NYSE:CXO) : April 28, 2017 - April 28 at 5:38 PM logoConcho Resources, Inc. breached its 50 day moving average in a Bearish Manner : CXO-US : April 27, 2017 - April 27 at 5:11 PM logoConcho Resources Inc (CXO) Expected to Earn Q1 2017 Earnings of $0.29 Per Share - April 27 at 7:40 AM logoConcho Resources Inc (CXO) Given a $171.00 Price Target at Royal Bank of Canada - April 25 at 6:58 PM logoSomewhat Negative Media Coverage Very Likely to Affect Concho Resources (CXO) Share Price - April 25 at 6:42 PM logoConcho Resources Inc (CXO) Receives Average Rating of "Buy" from Brokerages - April 25 at 10:58 AM logoEquities Analysts Issue Forecasts for Concho Resources Inc's FY2017 Earnings (CXO) - April 24 at 9:16 AM logoConcho Resources' (CXO) Buy Rating Reiterated at Citigroup Inc - April 22 at 2:11 PM logoKeyCorp Analysts Lower Earnings Estimates for Concho Resources Inc (CXO) - April 21 at 8:33 AM logoEquities Analysts Offer Predictions for Concho Resources Inc's Q1 2017 Earnings (CXO) - April 21 at 8:33 AM logo4 Large Cap Energy Stocks to Lead Earnings Higher - April 20 at 4:46 PM logoJefferies Group Weighs in on Concho Resources Inc's Q4 2018 Earnings (CXO) - April 20 at 4:28 PM



Concho Resources (CXO) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff