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?
24 brokerages have issued 12 month target prices for Concho Resources' shares. Their forecasts range from $114.00 to $190.00. On average, they anticipate Concho Resources' share price to reach $157.25 in the next twelve months.
When will Concho Resources announce their earnings?
Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Concho Resources stock?
Here are some recent quotes from research analysts about Concho Resources stock:
- KLR Group analysts commented, "We are increasing our CXO target price $13 to $189 per share due to slightly lower capital intensity, approximately 3% higher oil composition and higher gas price realizations partially offset by higher operating/overhead expense. Our '17 production growth forecast of ~22% is at the midpoint of company guidance (20%-24% growth)." (2/22/2017)
- Stifel Nicolaus analysts commented, "4Q16 EPS/CFPS of $0.20/$2.43 compared to our estimate of ($0.24)/$2.51 and Street consensus of ($0.07)/$2.41. EPS beat our forecast on realized price (1%) and most costs/unit including LOE (-10%) partially offset by production (-2%) and cash G&A (3%) (Figure 1). Production of 164.3 MBoe/d was 1% short of both Street/SF estimates but inline with guidance (164-167 MBoe/d). Volumes increased 7% from 3Q16 and 14% y/y." (2/22/2017)
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 number of of retail and institutional investors. Top institutional shareholders 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., I.G. Investment Management LTD., Telemark Asset Management LLC, Raymond James Financial Services Advisors Inc., Thrivent Financial for Lutherans, Dimensional Fund Advisors LP and Clough Capital Partners L P. 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 purchased 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 $133.28.