Concho Resources Company Profile (NYSE:CXO)

About Concho Resources

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 operations are focused in the Permian Basin of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. Its three core operating areas include New Mexico Shelf, where it targets the Yeso formation with horizontal drilling; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation and the Wolfcamp shale formation, and Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal drilling. The Company has reserves of approximately 623.5 million barrels of oil equivalent (MMBoe) that are located in its core operating areas. The Company's core operations are focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSE
  • Symbol: CXO
  • CUSIP: 20605P10
Key Metrics:
  • Previous Close: $137.35
  • 50 Day Moving Average: $130.24
  • 200 Day Moving Average: $119.59
  • 52-Week Range: $69.94 - $137.83
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -858.44
  • P/E Growth: 154.20
  • Market Cap: $17.94B
  • Outstanding Shares: 130,609,000
  • Beta: 1.57
Profitability:
  • Net Margins: -72.25%
  • Return on Equity: 0.90%
  • Return on Assets: 0.48%
Debt:
  • Debt-to-Equity Ratio: 0.56%
  • Current Ratio: 1.93%
  • Quick Ratio: 1.93%
Additional Links:
Companies Related to Concho Resources:

Analyst Ratings

Consensus Ratings for Concho Resources (NYSE:CXO) (?)
Ratings Breakdown: 6 Hold Ratings, 13 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $137.63 (0.21% upside)

Analysts' Ratings History for Concho Resources (NYSE:CXO)
Show:
DateFirmActionRatingPrice TargetDetails
9/12/2016Credit Suisse Group AGReiterated RatingBuy$154.00View Rating Details
9/12/2016Stifel NicolausBoost Price TargetBuy$141.00 -> $160.00View Rating Details
8/26/2016Citigroup Inc.Boost Price TargetBuy$150.00 -> $162.00View Rating Details
8/22/2016SimmonsReiterated RatingBuyView Rating Details
8/22/2016Piper Jaffray Cos.Boost Price TargetOverweight$159.00 -> $161.00View Rating Details
8/18/2016Canaccord GenuityReiterated RatingHold$104.00 -> $120.00View Rating Details
8/16/2016Morgan StanleyReiterated RatingBuy$187.00View Rating Details
8/15/2016JPMorgan Chase & Co.Boost Price TargetOverweight$127.00 -> $138.00View Rating Details
8/11/2016Jefferies GroupReiterated RatingHoldView Rating Details
8/10/2016Deutsche Bank AGBoost Price TargetBuy$140.00 -> $150.00View Rating Details
8/4/2016SunTrust Banks Inc.Boost Price TargetBuy$140.00 -> $155.00View Rating Details
8/3/2016BMO Capital MarketsReiterated RatingBuy$130.00View Rating Details
8/3/2016KLR GroupBoost Price TargetAccumulate$138.00 -> $153.00View Rating Details
6/7/2016Seaport Global SecuritiesUpgradeNeutral -> Accumulate$140.00View Rating Details
4/18/2016Cowen and CompanyDowngradeOutperform -> Market Perform$109.00 -> $114.00View Rating Details
2/29/2016Barclays PLCBoost Price TargetOverweight$95.00 -> $97.00View Rating Details
1/21/2016NomuraLower Price TargetBuy$131.00 -> $109.00View Rating Details
12/22/2015KeyCorpLower Price Target$110.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group Inc.Reiterated RatingNeutralView Rating Details
12/1/2015Raymond James Financial Inc.UpgradeOutperform -> Strong-Buy$137.00 -> $146.00View Rating Details
10/8/2015Royal Bank Of CanadaBoost Price TargetOutperform$138.00 -> $140.00View Rating Details
9/11/2015Goldman Sachs Group Inc.DowngradeBuy -> Neutral$145.00 -> $123.00View Rating Details
8/24/2015Bank of America Corp.Lower Price TargetBuy$143.00 -> $135.00View Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageBuy$150.00View Rating Details
6/1/2015Evercore ISIInitiated CoverageBuy$150.00View Rating Details
5/22/2015GMP SecuritiesInitiated CoverageBuy$148.00View Rating Details
4/15/2015MacquarieDowngradeOutperform -> NeutralView Rating Details
2/17/2015Wolfe ResearchInitiated CoverageOutperform$130.00View Rating Details
2/2/2015Howard WeilLower Price TargetSector Outperform$122.00 -> $121.00View Rating Details
1/6/2015WunderlichBoost Price TargetHold$81.00 -> $89.00View Rating Details
(Data available from 9/30/2014 forward)

Earnings

Earnings History for Concho Resources (NYSE:CXO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
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$0.21$0.33$574.86 million$463.50 millionViewN/AView Earnings Details
7/29/2015Q2$0.29$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$0.86$0.88$681.47 millionViewListenView Earnings Details
11/6/2014Q314$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)

Estimates

Earnings Estimates for Concho Resources (NYSE:CXO)
Current Year EPS Consensus Estimate: $0.22 EPS
Next Year EPS Consensus Estimate: $-0.16 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169($0.15)$0.18$0.04
Q2 20166($0.07)$0.06($0.01)
Q3 20166($0.12)$0.41$0.12
Q4 20166($0.37)$0.00($0.18)
Q1 20175($0.34)($0.08)($0.21)
Q2 20175($0.35)($0.05)($0.20)
Q3 20175($0.34)$0.01($0.16)
Q4 20175($0.32)$0.08($0.12)
(Data provided by Zacks Investment Research)

Dividends

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

Insider Trades

Insider Trading History for Concho Resources (NYSE:CXO)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 91.12%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Concho Resources (NYSE:CXO)
DateHeadline
investornewswire.com logoCan Shares Of Concho Resources Inc. (NYSE:CXO) Hit $187? - Investor Newswire (NYSE:CXO)
www.investornewswire.com - September 30 at 4:54 PM
realistinvestor.com logoConcho Resources Inc. (NYSE:CXO): Price Target Stands At $148.263 - RealistInvestor.com (NYSE:CXO)
www.realistinvestor.com - September 30 at 4:54 PM
News IconConcho Resources, Inc. (NYSE: CXO) – Is this large market cap stock undervalued? - The Daily Leicester (NYSE:CXO)
thedailyleicester.com - September 29 at 4:28 PM
marketrealist.com logoAnalyzing Trends in Hess’s Total Debt (NYSE:CXO)
marketrealist.com - September 29 at 4:27 PM
News IconShares Slipping Lower Over the Past Month: Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO)
www.kentuckypostnews.com - September 29 at 9:30 AM
capitalcube.com logoConcho Resources, Inc. breached its 50 day moving average in a Bullish Manner : CXO-US : September 29, 2016 (NYSE:CXO)
www.capitalcube.com - September 29 at 9:30 AM
News IconAnalysts Valuations For Two Stocks: Concho Resources (NYSE ... - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - September 28 at 4:23 PM
stocksdaily.net logoCan Concho Resources Inc. (NYSE:CXO) Outdo Yearly EPS Estimate Of $-0.23? - Stocks Daily (NYSE:CXO)
www.stocksdaily.net - September 28 at 4:23 PM
marketrealist.com logoWhat Are Analysts’ Targets for Apache for the Next 12 Months? (NYSE:CXO)
marketrealist.com - September 28 at 4:23 PM
247wallst.com logoDeutsche Bank Says Permian Basin Oil Stocks Still Best Buys - 24/7 Wall St. (NYSE:CXO)
247wallst.com - September 26 at 4:43 PM
News IconIs Concho Resources, Inc.(NYSE: CXO), a large market cap stock a smart buy? - The Daily Leicester (NYSE:CXO)
thedailyleicester.com - September 26 at 4:43 PM
realistinvestor.com logoConcho Resources Inc. (NYSE:CXO)’s Accounts Payable Is $20.172 (NYSE:CXO)
www.realistinvestor.com - September 26 at 9:16 AM
News IconThe Key Numbers To Watch From Concho Resources, Inc. (NYSE ... - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - September 24 at 9:14 AM
News IconStock Seen Gapping Up Pre-Bell: Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO)
www.kentuckypostnews.com - September 22 at 4:40 PM
News IconAnalysts Valuations For Two Stocks: Concho Resources Inc (NYSE:CXO), Micron Technology, Inc. (NASDAQ:MU) - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - September 22 at 4:40 PM
News IconEnergy Sector Earnings Review for Cimarex Energy, Diamond Offshore Drilling, Mcdermott Intl, and Concho Resources (NYSE:CXO)
news.investornetwork.com - September 22 at 10:05 AM
News IconHigh Market Cap Stock of the Day – Concho Resources, Inc. (NYSE:CXO) (NYSE:CXO)
twincountynews.com - September 20 at 8:10 AM
investornewswire.com logoConcho Resources Inc. (NYSE:CXO)'s Expectation Of $3108.623 In Sales - Investor Newswire (NYSE:CXO)
www.investornewswire.com - September 19 at 3:24 PM
investornewswire.com logoConcho Resources Inc. (NYSE:CXO): Stock Rating Update - Investor Newswire (NYSE:CXO)
www.investornewswire.com - September 19 at 3:24 PM
News IconHow has Concho Resources, Inc.:(NYSE:CXO) performed recently ... - The Daily Leicester (NYSE:CXO)
thedailyleicester.com - September 17 at 4:24 PM
realistinvestor.com logoResearch Analysts Set Concho Resources Inc. (NYSE:CXO)’s Price Target At $147.842 (NYSE:CXO)
www.realistinvestor.com - September 16 at 4:24 PM
News IconAnalyst Predictions Are In For Tesla Motors, Inc. (NASDAQ:TSLA), Concho Resources Inc. (NYSE:CXO) - Yankee Analysts (NYSE:CXO)
yankeeanalysts.com - September 16 at 8:14 AM
realistinvestor.com logoResearch Analysts Set Concho Resources Inc. (NYSE:CXO)'s Price Target At $147.842 - RealistInvestor.com (NYSE:CXO)
www.realistinvestor.com - September 16 at 8:14 AM
marketrealist.com logoDetails about Oasis Petroleum’s Recent Debt Offering (NYSE:CXO)
marketrealist.com - September 16 at 8:14 AM
News IconIs Concho Resources, Inc. (NYSE:CXO), a large market cap stock a smart buy? (NYSE:CXO)
twincountynews.com - September 14 at 4:34 PM
News IconConcho Resources Inc 23% Potential Upside Now Implied by Stifel - Cosumnes Connection (subscription) (NYSE:CXO)
crcconnection.com - September 14 at 8:13 AM
investors.com logoChevron Seen Pouring Up To $3 Billion In Permian Basin (NYSE:CXO)
www.investors.com - September 14 at 8:12 AM
News IconConcho Resources Inc. reiterated as Buy By Stifel Nicolaus (NYSE:CXO)
magseriesusa.net - September 13 at 9:23 AM
investornewswire.com logoExpected For Concho Resources Inc. (NYSE:CXO) Sales Of $3108.623 - Investor Newswire (NYSE:CXO)
www.investornewswire.com - September 12 at 4:19 PM
News IconConcho Resources, Inc. (NYSE:CXO) from Oil & Gas Drilling & Exploration – Todays Top Gains - Twin County News (NYSE:CXO)
twincountynews.com - September 12 at 4:19 PM
News IconL S Advisors Inc adds Concho Resources Inc (CXO) to its portfolio (NYSE:CXO)
www.nationaldailypress.com - September 11 at 4:20 PM
News IconInstitutional Investors Have Decreased Positions in Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO)
www.kentuckypostnews.com - September 9 at 9:20 AM
marketrealist.com logoDoes WLL’s Revenue Growth Trend Suggest More Gains? (NYSE:CXO)
marketrealist.com - September 8 at 8:18 AM
News IconThe Key Numbers To Watch From Concho Resources, Inc. (NYSE:CXO)'s Earnings - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - September 7 at 4:37 PM
stocksdaily.net logoConcho Resources Inc. (NYSE:CXO) Boasts Rating Of 1.57 - Stocks Daily (NYSE:CXO)
www.stocksdaily.net - September 6 at 9:30 PM
investornewswire.com logoConcho Resources Inc. (NYSE:CXO) Expects Sales Of $3108.623 - Investor Newswire (NYSE:CXO)
www.investornewswire.com - September 5 at 4:14 PM
News IconConcho Resources, Inc. (NYSE:CXO) – Top Stock from Basic Materials Sector - The Daily Leicester (NYSE:CXO)
thedailyleicester.com - September 5 at 4:14 PM
News IconInstitutions Have Decreased Positions in Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO)
www.kentuckypostnews.com - September 2 at 9:21 AM
finance.yahoo.com logoWhy Wall Street Is Throwing Billions At The Permian (NYSE:CXO)
finance.yahoo.com - August 29 at 9:46 PM
News IconToday's Top Gainers in the Market Concho Resources, Inc. (NYSE ... - The Daily Leicester (NYSE:CXO)
thedailyleicester.com - August 29 at 9:13 AM
News IconLeading stocks in today's market: Concho Resources, Inc. (NYSE ... - Twin County News (NYSE:CXO)
twincountynews.com - August 26 at 9:11 AM
News IconAnalysts Valuations For Two Stocks: Concho Resources Inc (NYSE:CXO), Palo Alto Networks Inc (NYSE:PANW) - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - August 26 at 9:11 AM
News IconConcho Resources Inc. (NYSE: CXO) Price Target Raised at Credit Suisse Group AG - BNB Daily (blog) (NYSE:CXO)
www.baseball-news-blog.com - August 25 at 9:28 AM
fool.com logoThis Oil Play Is Scorching Hot Right Now (NYSE:CXO)
www.fool.com - August 24 at 4:28 PM
thestreet.com logoPDC picks up Kimmeridge-backed Arris, 299 Resources for $1.5B (NYSE:CXO)
www.thestreet.com - August 24 at 4:28 PM
News IconConcho Resources, Inc.'s (CXO): Running Mover to Focus - Hot Stocks Point (NYSE:CXO)
www.hotstockspoint.com - August 23 at 4:39 PM
thestreet.com logoCramer: Face It, It's Tough to Buck Oil (NYSE:CXO)
realmoney.thestreet.com - August 23 at 8:46 AM
streetinsider.com logoS&P Lifts Outlook on Concho Resources (CXO) to Positive; Ratings Affirmed - StreetInsider.com (NYSE:CXO)
www.streetinsider.com - August 20 at 5:43 AM
investornewswire.com logoWill Concho Resources Inc. (NYSE:CXO) Hit $187 Price Target? - Investor Newswire (NYSE:CXO)
www.investornewswire.com - August 19 at 8:38 PM
seekingalpha.com logoConcho Resources: High-Grading By Issuing Equity - Seeking Alpha (NYSE:CXO)
seekingalpha.com - August 19 at 3:37 PM

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Concho Resources (NYSE:CXO) Chart for Friday, September, 30, 2016


Last Updated on 9/30/2016 by MarketBeat.com Staff