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: $140.06
  • 50 Day Moving Average: $137.42
  • 200 Day Moving Average: $133.91
  • 52-Week Range: $86.63 - $147.55
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 560.24
  • P/E Growth: 17.74
  • Market Cap: $19.74B
  • Outstanding Shares: 140,974,000
  • Beta: 1.16
  • 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%
Additional Links:
Companies Related to Concho Resources:

Analyst Ratings

Consensus Ratings for Concho Resources (NYSE:CXO) (?)
Ratings Breakdown: 5 Hold Ratings, 16 Buy Ratings
Consensus Rating:Buy (Score: 2.76)
Consensus Price Target: $151.41 (8.10% upside)

Analysts' Ratings History for Concho Resources (NYSE:CXO)
DateFirmActionRatingPrice TargetDetails
1/27/2017Barclays PLCReiterated RatingBuyView Rating Details
1/19/2017Mitsubishi UFJ Financial GroupUpgradeNeutral -> OverweightView Rating Details
1/20/2017KLR GroupUpgradeAccumulate -> Buy$176.00View Rating Details
1/18/2017Jefferies Group LLCReiterated RatingHold$149.00View Rating Details
1/4/2017RBC Capital MarketsReiterated RatingBuy$165.00View Rating Details
12/16/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformView Rating Details
12/9/2016Seaport Global SecuritiesUpgradeAccumulate -> BuyView Rating Details
11/21/2016Canaccord GenuityReiterated RatingHold$135.00View Rating Details
11/8/2016Bank of America CorpSet Price TargetBuy$151.00View Rating Details
10/4/2016Johnson RiceInitiated CoverageAccumulateView Rating Details
9/12/2016Credit Suisse GroupReiterated 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 CompaniesBoost Price TargetOverweight$159.00 -> $161.00View Rating Details
8/16/2016Morgan StanleyReiterated RatingBuy$187.00View Rating Details
8/15/2016J P Morgan Chase & CoBoost Price TargetOverweight$127.00 -> $138.00View 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
4/18/2016Cowen and CompanyDowngradeOutperform -> Market Perform$109.00 -> $114.00View 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 IncReiterated 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. (The)DowngradeBuy -> Neutral$145.00 -> $123.00View 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
(Data available from 2/20/2015 forward)


Earnings History for Concho Resources (NYSE:CXO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/21/2017Q416($0.08)$546.19 millionN/AView Earnings Details
11/8/2016Q316$0.19$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$0.21$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)


Earnings Estimates for Concho Resources (NYSE:CXO)
Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.25 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$0.16$0.23$0.19
Q4 20166($0.26)$0.03($0.11)
Q1 20175($0.12)$0.11($0.03)
Q2 20175($0.13)$0.18$0.03
Q3 20175($0.12)$0.08$0.00
Q4 20175($0.10)$0.18$0.09
Q1 20182$0.26$0.41$0.34
Q2 20182$0.22$0.60$0.41
Q3 20182$0.34$0.81$0.58
Q4 20182$0.57$1.09$0.83
(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 History for Concho Resources (NYSE:CXO)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 97.00%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Concho Resources (NYSE:CXO)
News IconExpeditors International of Washington, Inc. (EXPD), Concho ... - The USA Commerce (NYSE:CXO) - February 19 at 4:17 PM
News IconExpeditors International of Washington, Inc. (EXPD), Concho Resources Inc. (CXO) Stock Eyes Ahead of Earnings - The USA Commerce (NYSE:CXO) - February 17 at 3:40 PM logoOasis Petroleum’s Production Trends: What to Expect in 4Q16 (NYSE:CXO) - February 17 at 3:39 PM logoConcho Resources Inc. (NYSE:CXO) Mean Rating At $1.42 - (NYSE:CXO) - February 16 at 6:48 PM logoConcho Resources Inc. (NYSE:CXO) Files An 8-K Regulation FD Disclosure (NYSE:CXO) - February 16 at 1:47 PM logoNewfield Exploration (NFX) Q4 Earnings: Is a Beat in Store? (NYSE:CXO) - February 16 at 1:47 PM
News IconStock Trading Focus for Concho Resources Inc. (NYSE:CXO) - Rives Journal (NYSE:CXO) - February 15 at 3:31 AM logoCONCHO RESOURCES INC Files SEC form 8-K, Regulation FD Disclosure (NYSE:CXO) - February 14 at 10:30 PM logoConcho Resources: Analysts’ Stock Price Targets (NYSE:CXO) - February 14 at 5:27 PM
News IconAnalyst Target Update & Review on Concho Resources Inc. (NYSE:CXO) - Rockville Register (NYSE:CXO) - February 14 at 3:23 AM logoConcho Resources Stock: Outlook for Next Week (NYSE:CXO) - February 13 at 10:23 PM logoUpward Movement of Concho Resources Stock This Year (NYSE:CXO) - February 13 at 5:21 PM
News IconWhy Analysts put forward these two stocks: Danaher Corporation (DHR), Concho Resources Inc. (CXO) - The USA Commerce (NYSE:CXO) - February 12 at 2:44 AM
News IconThe Concho Resources Inc (NYSE:CXO) - February 11 at 3:06 AM
News IconBrokers Offer Predictions for Concho Resources Inc.'s FY2016 Earnings (CXO) (NYSE:CXO) - February 10 at 5:01 PM
News IconAnalyst Stock Recommendations For Concho Resources Inc. (CXO), Costco Wholesale Corporation (COST) (NYSE:CXO) - February 10 at 5:01 PM logoStocks in Review: QVC Group (QVCA), Franklin Resources, Inc ... - iStreetWire (NYSE:CXO) - February 9 at 10:05 PM
News IconWatching Stock Levels for Concho Resources Inc. (NYSE:CXO) - The Standard (NYSE:CXO) - February 9 at 10:05 PM logoResearch Analysts Set Concho Resources Inc. (NYSE:CXO) Price Target at $162.894 (NYSE:CXO) - February 9 at 5:05 PM
News IconStock Watch: Tracking the Numbers for Concho Resources Inc. (NYSE:CXO) - The Standard (NYSE:CXO) - February 8 at 10:05 PM
News IconBrokerage Expectations in Spotlight for Concho Resources Inc. (NYSE:CXO) Molson Coors Brewing Company (NYSE ... - The Standard (NYSE:CXO) - February 8 at 10:05 PM
News IconRecommendations in focus for Concho Resources Inc. (NYSE:CXO)? - Midway Monitor (NYSE:CXO) - February 8 at 10:05 PM logoConcho Resources Inc. Announces Expected Closing of Alpha ... - Business Wire (press release) (NYSE:CXO) - February 8 at 10:05 PM logoConcho Resources Inc. Announces Expected Closing of Alpha Crude Connector Sale (NYSE:CXO) - February 8 at 5:02 PM logoWill Concho Resources Stock Continue to Ride High This Year? (NYSE:CXO) - February 8 at 5:02 PM logoConcho Resources Stock in the Next 12 Months (NYSE:CXO) - February 8 at 5:02 PM logoOil Is Going Higher: 3 Red-Hot Permian Basin Stocks to Buy (NYSE:CXO) - February 7 at 5:44 PM logoThis Oil Stock Rose a Stunning 858% in 2016. And, It Might Still Have Fuel Left in the Tank for 2017 (NYSE:CXO) - February 7 at 5:44 PM logoWill Concho Resources’ Revenue Growth Be Positive in 4Q16? (NYSE:CXO) - February 7 at 5:44 PM logoApache Corp’s Stock Price Outlook (NYSE:CXO) - February 7 at 5:44 PM
News IconConcho Resources Inc. (NYSE:CXO) from Oil & Gas Drilling & Exploration – Todays Top Gains (NYSE:CXO) - February 3 at 9:57 PM
News IconConcho Resources Inc. (CXO) PT Lowered to $147.00 at Barclays PLC (NYSE:CXO) - February 2 at 5:01 PM logoKinder Morgan Was the Biggest Energy Beneficiary From the 'Trump Rally' (NYSE:CXO) - February 2 at 5:01 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About Concho Resources Inc. (NYSE:CXO)? - Wall Street Beacon (NYSE:CXO) - February 1 at 3:18 AM
News IconTop Gainers of the Day: Concho Resources Inc. (NYSE:CXO) from Oil & Gas Drilling & Exploration (NYSE:CXO) - January 31 at 5:16 PM
News IconAre Analysts Predicting a Near-Term Upswing For Concho Resources Inc. (NYSE:CXO)? - Wall Street Beacon (NYSE:CXO) - January 30 at 10:33 PM logoTrader Alert: Concho Resources Inc. (CXO), Quintiles IMS Holdings ... - iStreetWire (NYSE:CXO) - January 30 at 10:33 PM logoWhat Are the Short Interest Trends in Hess’s Stock? (NYSE:CXO) - January 30 at 9:51 AM
News IconLooking at the Numbers for Concho Resources Inc. (NYSE:CXO) - Gilbert Daily (NYSE:CXO) - January 29 at 2:54 AM logoMean Rating Of Concho Resources Inc. (NYSE:CXO) At $1.4 (NYSE:CXO) - January 26 at 10:50 PM logoBlog Coverage Plains All American Acquired Permian Basin Gathering System; Sells Assets worth $380 Million (NYSE:CXO) - January 26 at 10:50 PM logoKey Permian Basin Deals in 2016 and 2017 (NYSE:CXO) - January 26 at 10:50 PM
News IconConsensus Estimates on Earnings & Stock Price in Focus for Concho Resources Inc. (NYSE:CXO) Shares - Aiken Advocate (NYSE:CXO) - January 26 at 5:49 PM logoThis Permian Basin Driller's Stock Leapt 47% in 2016. Is There Any Fuel Left for 2017? (NYSE:CXO) - January 26 at 1:27 PM
News IconLooking at the Numbers for Concho Resources Inc. (NYSE:CXO) - The Tribune (NYSE:CXO) - January 26 at 3:50 AM logoNo Stopping Texas Shale Boom, Permian Fever Spreads to Pipes (NYSE:CXO) - January 25 at 10:48 PM logoConcho Resources, Inc. breached its 50 day moving average in a Bullish Manner : CXO-US : January 25, 2017 (NYSE:CXO) - January 25 at 10:48 PM logoProduction Profiles of Key Permian Oil and Gas Companies (NYSE:CXO) - January 25 at 5:47 PM
News IconEarnings in Full Force, Analysts Take Aim at Concho Resources Inc. (NYSE:CXO) - Wall Street Beacon (NYSE:CXO) - January 25 at 3:17 AM logoConcho Resources Inc. Announces Sale of the Alpha Crude Connector System for $1.215 Billion - Business Wire (press release) (NYSE:CXO) - January 25 at 3:17 AM


What is Concho Resources' stock symbol?

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

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

21 equities research analysts have issued 12 month price objectives for Concho Resources' shares. Their predictions range from $114.00 to $187.00. On average, they anticipate Concho Resources' share price to reach $151.41 in the next year.

When will Concho Resources announce their earnings?

Concho Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

What are analysts saying about Concho Resources stock?

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

  • According to Zacks Investment Research, "Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. The Company's conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of unconventional emerging resource plays. " (1/25/2017)

  • Canaccord Genuity analysts commented, "We view CXO’s acquisition of ~16K net acres in Lea County positively. The company’s recent Wolfcamp results in the area illustrated the potential of both >1-mile laterals and of the Wolfcamp itself, both of which remain in the relatively early stages of development in New Mexico. The acquisition significantly bolsters CXO’s footprint in that area (Red Hills) and increases its ability to drill >1-mile laterals. Moreover, we believe the company paid a reasonable price. As we wrote last week, however, the valuation premium on CXO holds us back (see page 3 for comps) and we continue to await a better entry point. ~$20K/acre price tag looks quite reasonable While the discount to recent OXY and RSPP Delaware transactions (>$40K/acre) appears massive at first glance, bear in mind that New Mexico acreage prices have not been nearly as lofty as those down in Texas. In our view, that is due both to being in the earlier stages of long lateral development and a permitting regime that does not allow for as fast a D&C pace. While EOG paid <$10K/acre to acquire NM Delaware acreage in September, CXO is acquiring contiguous blocs overlapping its existing southern Lea County leasehold, so a higher per acre valuation makes sense to us. Of the $430M price tag, $150M will be paid in cash while the remainder will be in the form of 2.18M common shares issued to the seller."" (11/21/2016)

Who owns Concho Resources stock?

Concho Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (5.42%), FMR LLC (2.42%), Artisan Partners Limited Partnership (1.69%), Van ECK Associates Corp (0.93%), Dimensional Fund Advisors LP (0.54%) and Janus Capital Management LLC (0.33%). 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, Matthew Glover Hyde, Ray M Poage, Steven L Beal, Timothy A Leach and Tucker S Bridwell.

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 Van ECK Associates Corp, Franklin Resources Inc., Telemark Asset Management LLC, Raymond James Financial Services Advisors Inc., Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, Clough Capital Partners L P and AQR Capital Management LLC. Company insiders that have sold Concho Resources stock in the last year include Brenda R Schroer, C William Giraud, Darin G Holderness, E Joseph Wright, J Steve Guthrie, Ray M Poage, Steven L Beal and Timothy A Leach.

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

Concho Resources' stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Artisan Partners Limited Partnership, Janus Capital Management LLC, Renaissance Technologies LLC, FMR LLC, TCW Group Inc., Axiom International Investors LLC DE and Asset Management One Co. Ltd..

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 $140.06.

Concho Resources (NYSE:CXO) Chart for Monday, February, 20, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Concho Resources (NYSE:CXO)

Earnings History Chart

Earnings by Quarter for Concho Resources (NYSE:CXO)

Dividend History Chart

Dividend Payments by Quarter for Concho Resources (NYSE:CXO)

Last Updated on 2/20/2017 by Staff