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: $129.20
  • 50 Day Moving Average: $127.10
  • 200 Day Moving Average: $114.81
  • 52-Week Range: $69.94 - $137.40
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -496.92
  • P/E Growth: 152.60
  • Market Cap: $16.87B
  • Outstanding Shares: 130,609,000
  • Beta: 1.56
Additional Links:
Companies Related to Concho Resources:

Analyst Ratings

Consensus Ratings for Concho Resources (NYSE:CXO) (?)
Ratings Breakdown: 7 Hold Ratings, 13 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $134.90 (4.41% upside)

Analysts' Ratings History for Concho Resources (NYSE:CXO)
Show:
DateFirmActionRatingPrice TargetDetails
8/26/2016Citigroup Inc.Boost Price TargetBuy$150.00 -> $162.00View Rating Details
8/24/2016Credit Suisse Group AGBoost Price TargetOutperform$145.00 -> $154.00View 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
3/31/2016Stifel NicolausReiterated RatingBuy$109.00 -> $120.00View 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 8/31/2014 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: $-0.26 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$0.11
Q4 20166($0.37)$0.00($0.19)
Q1 20175($0.34)($0.08)($0.23)
Q2 20175($0.35)($0.05)($0.22)
Q3 20175($0.34)$0.01($0.18)
Q4 20175($0.32)$0.08($0.14)
(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)
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
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
News IconConcho Resources Inc. (NYSE: CXO) Hold Rating Reiterated at Canaccord Genuity - BNB Daily (blog) (NYSE:CXO)
www.baseball-news-blog.com - August 19 at 3:37 PM
News IconAnalysts Valuations For Two Stocks: Concho Resources Inc (NYSE:CXO), Newmont Mining Corp (NYSE:NEM) - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - August 18 at 8:58 AM
biz.yahoo.com logoCONCHO RESOURCES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit (NYSE:CXO)
biz.yahoo.com - August 18 at 8:58 AM
forbes.com logoThe Booming Permian Helps The Texas Budget Picture (NYSE:CXO)
www.forbes.com - August 18 at 8:58 AM
4-traders.com logoConcho Resources Inc. : Announces Public Offering of Common Stock (NYSE:CXO)
www.4-traders.com - August 17 at 4:44 PM
finance.yahoo.com logoConcho Resources (CXO) Prices Offering of 0.9 Million Shares (NYSE:CXO)
finance.yahoo.com - August 17 at 8:59 AM
News IconWatchful Active Movers- Xylem Inc. (NYSE:XYL), Concho Resources (NYSE:CXO), Parsley Energy (NYSE:PE) - Seneca Globe (NYSE:CXO)
www.senecaglobe.com - August 16 at 9:47 PM
News IconShares Seen Gapping Down Before the Bell: Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO)
www.kentuckypostnews.com - August 16 at 4:35 PM
rttnews.com logoConcho Resources Inc. (CXO) Is Pulling Back After Stock Offering - RTT News (NYSE:CXO)
www.rttnews.com - August 16 at 7:17 AM
finance.yahoo.com logo1:56 am Concho Resources prices 9 mln shares of common stock for total gross proceeds of ~$1.18 bln (NYSE:CXO)
finance.yahoo.com - August 16 at 7:17 AM
biz.yahoo.com logoCONCHO RESOURCES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Secu (NYSE:CXO)
biz.yahoo.com - August 16 at 7:17 AM
streetinsider.com logoConcho Resources (CXO) Acquires Midland Assets for $1.63B (NYSE:CXO)
www.streetinsider.com - August 15 at 10:01 PM
rttnews.com logoConcho Resources Inc. (CXO) Is Pulling Back After Stock Offering (NYSE:CXO)
www.rttnews.com - August 15 at 10:01 PM
publicnow.com logoConcho Resources Inc. Announces Pricing of Common Stock Offering (NYSE:CXO)
www.publicnow.com - August 15 at 10:01 PM
wsj.com logo[$$] Concho to Expand Midland Basin Presence With $1.625 Billion Deal (NYSE:CXO)
www.wsj.com - August 15 at 10:01 PM
feeds.reuters.com logoBRIEF-Concho Resources buys Midland Basin assets for $1.625 bln (NYSE:CXO)
feeds.reuters.com - August 15 at 5:01 PM
seekingalpha.com logoConcho Resources to buy Midland Basin assets in $1.625B deal (NYSE:CXO)
seekingalpha.com - August 15 at 5:01 PM
publicnow.com logoConcho Resources Inc. Announces Acquisition of Midland Basin Assets (NYSE:CXO)
www.publicnow.com - August 15 at 4:41 PM
publicnow.com logoConcho Resources Inc. Announces Public Offering of Common Stock (NYSE:CXO)
www.publicnow.com - August 15 at 4:41 PM
seekingalpha.com logoPioneer Natural Resources: Overtaking Concho Resources In Concho's Home Base (NYSE:CXO)
seekingalpha.com - August 14 at 9:15 AM
News IconAnalysts At Deutsche Bank Maintained Concho Resources Inc. (NYSE:CXO) As Buy (NYSE:CXO)
myhealthbowl.com - August 14 at 9:15 AM
finance.yahoo.com logoIs Concho Resources (CXO) Stock a Solid Choice Right Now? (NYSE:CXO)
finance.yahoo.com - August 12 at 9:18 AM
finance.yahoo.com logoIs Concho Resources (CXO) Stock a Solid Choice Right Now? - Yahoo Finance (NYSE:CXO)
finance.yahoo.com - August 11 at 4:40 PM
finance.yahoo.com logoCONCHO RESOURCES INC Financials (NYSE:CXO)
finance.yahoo.com - August 10 at 4:40 PM
investornewswire.com logoConcho Resources Inc. (NYSE:CXO) Records An Estimated Annual Sales Mean Of $2818.91 - Investor Newswire (NYSE:CXO)
www.investornewswire.com - August 9 at 9:36 AM
marketrealist.com logoConcho Resources Increased Its 2016 Production Guidance (NYSE:CXO)
marketrealist.com - August 9 at 9:35 AM
News IconIs Concho Resources, Inc. (NYSE:CXO), a large market cap stock a smart buy? (NYSE:CXO)
twincountynews.com - August 8 at 4:37 PM
capitalcube.com logoETF’s with exposure to Concho Resources, Inc. : August 8, 2016 (NYSE:CXO)
www.capitalcube.com - August 8 at 4:37 PM
marketrealist.com logoWhat Are Concho Resources’s Profit Margin and Revenue Trends? (NYSE:CXO)
marketrealist.com - August 8 at 9:20 AM
finance.yahoo.com logoJunk energy firms still have market access (NYSE:CXO)
finance.yahoo.com - August 5 at 4:33 PM
News IconUpdate on Concho Resources, Inc. (NYSE:CXO) for the day (NYSE:CXO)
twincountynews.com - August 5 at 10:21 AM
fortune.com logoNotable Research Reports: Carnival Corp (NYSE:CCL), Concho Resources Inc (NYSE:CXO) - Review Fortune (NYSE:CXO)
reviewfortune.com - August 4 at 10:13 PM
seekingalpha.com logoConcho Resources (CXO) Timothy A. Leach on Q2 2016 Results ... - Seeking Alpha (NYSE:CXO)
seekingalpha.com - August 4 at 4:44 PM
News IconConcho Resources Inc (NYSE:CXO)Under The Radar Analyst Recommendations - The Voice Registrar (NYSE:CXO)
voiceregistrar.com - August 4 at 4:44 PM
capitalcube.com logoConcho Resources, Inc. :CXO-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:CXO)
www.capitalcube.com - August 4 at 4:44 PM
nasdaq.com logoEarnings Reaction History: Concho Resources, Inc., 66.7% Follow-Through Indicator, 2.9% Sensitive - Nasdaq (NYSE:CXO)
www.nasdaq.com - August 3 at 10:09 PM
biz.yahoo.com logoCONCHO RESOURCES INC Files SEC form 10-Q, Quarterly Report (NYSE:CXO)
biz.yahoo.com - August 3 at 10:09 PM
finance.yahoo.com logoEdited Transcript of CXO earnings conference call or presentation 3-Aug-16 1:30pm GMT (NYSE:CXO)
finance.yahoo.com - August 3 at 10:09 PM

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Concho Resources (NYSE:CXO) Chart for Wednesday, August, 31, 2016


Last Updated on 8/31/2016 by MarketBeat.com Staff