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NYSE:CXO

Concho Resources Stock Forecast, Price & News

$48.09
-0.65 (-1.33 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$47.36
Now: $48.09
$49.06
50-Day Range
$45.31
MA: $50.33
$53.23
52-Week Range
$33.13
Now: $48.09
$93.34
Volume2.11 million shs
Average Volume1.68 million shs
Market Capitalization$9.46 billion
P/E RatioN/A
Dividend Yield1.70%
Beta1.86
Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP20605P10
Phone432-683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$14.53 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00
Net Margins-256.19%

Miscellaneous

Employees1,453
Market Cap$9.46 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$48.09
-0.65 (-1.33 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Concho Resources (NYSE:CXO) Frequently Asked Questions

How has Concho Resources' stock price been impacted by Coronavirus?

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CXO stock has increased by 3.8% and is now trading at $48.09.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Concho Resources?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Concho Resources
.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Concho Resources
.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) posted its quarterly earnings results on Wednesday, July, 29th. The oil and natural gas company reported $1.13 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.80. The oil and natural gas company earned $474 million during the quarter, compared to the consensus estimate of $892.65 million. Concho Resources had a positive return on equity of 5.27% and a negative net margin of 256.19%. The business's revenue for the quarter was down 57.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS.
View Concho Resources' earnings history
.

How often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?

Concho Resources declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, August 6th.
View Concho Resources' dividend history
.

What price target have analysts set for CXO?

22 brokers have issued 12 month target prices for Concho Resources' stock. Their forecasts range from $53.00 to $118.00. On average, they expect Concho Resources' share price to reach $78.05 in the next year. This suggests a possible upside of 62.3% from the stock's current price.
View analysts' price targets for Concho Resources
.

Who are some of Concho Resources' key competitors?

What other stocks do shareholders of Concho Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Boeing (BA), Micron Technology (MU), Netflix (NFLX), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), EOG Resources (EOG), QUALCOMM (QCOM) and Devon Energy (DVN).

Who are Concho Resources' key executives?

Concho Resources' management team includes the following people:
  • Tim Leach, Chairman & Chief Executive Officer
  • Jack F. Harper, President
  • Will Giraud, Chief Operating Officer & Executive Vice President
  • Brenda R. Schroer, Chief Financial Officer, Treasurer & Senior VP
  • Kang Chen, Chief Information Officer & Vice President

What is Concho Resources' stock symbol?

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

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.41%), Nuveen Asset Management LLC (1.25%), Point72 Asset Management L.P. (1.13%), Bank of New York Mellon Corp (0.87%), Manning & Napier Group LLC (0.83%) and Charles Schwab Investment Management Inc. (0.62%). Company insiders that own Concho Resources stock include Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, Mark B Puckett, Scott Kidwell, Steven D Gray, Steven L Beal, Susan J Helms and Timothy A Leach.
View institutional ownership trends for Concho Resources
.

Which institutional investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of New York Mellon Corp, FMR LLC, Balyasny Asset Management LLC, Prudential Financial Inc., TD Asset Management Inc., Candriam Luxembourg S.C.A., and Edmond DE Rothschild Holding S.A.. Company insiders that have sold Concho Resources company stock in the last year include Jacob Gobar, and Steven L Beal.
View insider buying and selling activity for Concho Resources
.

Which institutional investors are buying Concho Resources stock?

CXO stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Manning & Napier Group LLC, Nuveen Asset Management LLC, Holocene Advisors LP, Marshall Wace North America L.P., Two Sigma Advisers LP, Encompass Capital Advisors LLC, and Alyeska Investment Group L.P.. Company insiders that have bought Concho Resources stock in the last two years include Brenda R Schroer, Gary A Merriman, Jack F Harper, Mark B Puckett, and Susan J Helms.
View insider buying and selling activity for Concho Resources
.

How do I buy shares of Concho Resources?

Shares of CXO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $48.09.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $9.46 billion and generates $4.59 billion in revenue each year. The oil and natural gas company earns $-705,000,000.00 in net income (profit) each year or $3.05 on an earnings per share basis. Concho Resources employs 1,453 workers across the globe.

What is Concho Resources' official website?

The official website for Concho Resources is www.concho.com.

How can I contact Concho Resources?

Concho Resources' mailing address is 600 WEST ILLINOIS AVENUE, MIDLAND TX, 79701. The oil and natural gas company can be reached via phone at 432-683-7443 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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