NYSE:CXO - Concho Resources Stock Price, News, & Analysis

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$135.05 +1.47 (+1.10 %)
(As of 08/20/2018 06:38 AM ET)
Previous Close$133.58
Today's Range$133.30 - $136.21
52-Week Range$106.73 - $163.11
Volume2.44 million shs
Average Volume2.04 million shs
Market Capitalization$27.58 billion
P/E Ratio64.62
Dividend YieldN/A
Beta0.95
Concho Resources logoConcho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443

Debt

Debt-to-Equity Ratio0.24
Current Ratio0.76
Quick Ratio0.75

Price-To-Earnings

Trailing P/E Ratio64.62
Forward P/E Ratio30.83
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.59 billion
Price / Sales10.46
Cash Flow$9.6053 per share
Price / Cash14.06
Book Value$59.96 per share
Price / Book2.25

Profitability

EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins34.13%
Return on Equity5.37%
Return on Assets3.54%

Miscellaneous

Employees1,203
Outstanding Shares200,260,000
Market Cap$27.58 billion

Concho Resources (NYSE:CXO) Frequently Asked Questions

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) posted its quarterly earnings results on Wednesday, August, 1st. The oil and natural gas company reported $1.24 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.92 by $0.32. The oil and natural gas company earned $945 million during the quarter, compared to the consensus estimate of $906.82 million. Concho Resources had a net margin of 34.13% and a return on equity of 5.37%. Concho Resources's revenue for the quarter was up 66.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October, 30th 2018. View Earnings Estimates for Concho Resources.

What price target have analysts set for CXO?

24 Wall Street analysts have issued 1-year price objectives for Concho Resources' shares. Their forecasts range from $130.00 to $220.00. On average, they expect Concho Resources' stock price to reach $177.0909 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation for Concho Resources?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 7 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

Are investors shorting Concho Resources?

Concho Resources saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,317,614 shares, a drop of 58.9% from the July 13th total of 15,359,708 shares. Based on an average daily trading volume, of 3,391,419 shares, the short-interest ratio is currently 1.9 days. Currently, 4.3% of the shares of the company are sold short. View Concho Resources' Current Options Chain.

Who are some of Concho Resources' key competitors?

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing people:
  • Mr. Timothy A. Leach, Chairman & CEO (Age 58)
  • Mr. Jack F. Harper, Pres & CFO (Age 46)
  • Mr. E. Joseph Wright, Exec. VP, COO & Director (Age 58)
  • Mr. C. William Giraud IV, Exec. VP (Age 38)
  • Mr. J. Steve Guthrie, Sr. VP of Bus. Operations & Engineering (Age 56)

Has Concho Resources been receiving favorable news coverage?

News articles about CXO stock have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concho Resources earned a media and rumor sentiment score of 0.06 on Accern's scale. They also gave press coverage about the oil and natural gas company an impact score of 47.38 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Concho Resources.

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.69%), Jennison Associates LLC (3.65%), FMR LLC (3.21%), JPMORGAN CHASE & COMPANY (2.30%), Artisan Partners Limited Partnership (1.31%) and American Century Companies Inc. (1.12%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Mark B Puckett, Ray M Poage and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

Which major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including AGF Investments Inc., Victory Capital Management Inc., Jennison Associates LLC, Van ECK Associates Corp, OppenheimerFunds Inc., Commonwealth Bank of Australia, Standard Life Aberdeen plc and Zurich Insurance Group Ltd FI. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Ray M Poage and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

Which major investors are buying Concho Resources stock?

CXO stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, FMR LLC, Los Angeles Capital Management & Equity Research Inc., Strs Ohio, Voya Investment Management LLC, American Century Companies Inc., PointState Capital LP and Renaissance Technologies LLC. Company insiders that have bought Concho Resources stock in the last two years include Adam Robert Travis and Mark B Puckett. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $135.05.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $27.58 billion and generates $2.59 billion in revenue each year. The oil and natural gas company earns $956 million in net income (profit) each year or $2.09 on an earnings per share basis. Concho Resources employs 1,203 workers across the globe.

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]


MarketBeat Community Rating for Concho Resources (NYSE CXO)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  825 (Vote Outperform)
Underperform Votes:  560 (Vote Underperform)
Total Votes:  1,385
MarketBeat's community ratings are surveys of what our community members think about Concho Resources and other stocks. Vote "Outperform" if you believe CXO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CXO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2018 by MarketBeat.com Staff

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