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: $138.00
  • 50 Day Moving Average: $132.92
  • 200 Day Moving Average: $123.56
  • 52-Week Range: $130,609,000.00 - $69.94
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -418.18
  • P/E Growth: 162.44
  • Market Cap: $18.02B
  • Outstanding Shares: 130,609,000
  • Beta: 1.47
  • Net Margins: -72.25%
  • Return on Equity: 0.90%
  • Return on Assets: 0.48%
  • 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: 7 Hold Ratings, 12 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $139.39 (1.01% upside)

Analysts' Ratings History for Concho Resources (NYSE:CXO)
DateFirmActionRatingPrice TargetDetails
10/18/2016Jefferies GroupSet Price TargetHold$123.00View Rating Details
10/4/2016Johnson RiceInitiated CoverageAccumulateView Rating Details
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
8/10/2016Deutsche 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 10/23/2014 forward)


Earnings History for Concho Resources (NYSE:CXO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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: $0.31 EPS
Next Year EPS Consensus Estimate: $-0.33 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)$0.23$0.14
Q4 20166($0.15)$0.01($0.09)
Q1 20175($0.29)($0.02)($0.15)
Q2 20175($0.28)($0.01)($0.13)
Q3 20175($0.25)$0.02($0.09)
Q4 20175($0.20)$0.12($0.02)
(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: 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)


Latest Headlines for Concho Resources (NYSE:CXO)
DateHeadline logoWhat Does Newfield Exploration’s Revenue Growth Trend Indicate? (NYSE:CXO) - October 21 at 4:34 PM
News IconPumping the Brakes, Stock Gapping Downward: Concho Resources, Inc. (NYSE:CXO) - CSZ News (NYSE:CXO) - October 21 at 8:18 AM
News IconOil & Gas Drilling & Exploration: Concho Resources, Inc. (NYSE ... - Twin County News (NYSE:CXO) - October 20 at 9:58 PM
News IconConcho Resources Inc. (NYSE:CXO) Updated Broker Price Targets - The De Soto Edge (NYSE:CXO) - October 20 at 9:58 PM
News IconWhich Way Are Analysts Leaning on Concho Resources Inc. (NYSE:CXO)? - Yankee Analysts (NYSE:CXO) - October 20 at 9:59 AM logoWhy Concho Resources (CXO) Could Be Positioned for a Surge (NYSE:CXO) - October 19 at 4:56 PM
News IconUpdate on Concho Resources, Inc. (NYSE:CXO) for the day (NYSE:CXO) - October 18 at 9:34 AM logo3 Top Oil Stocks to Buy Now (NYSE:CXO) - October 18 at 9:34 AM logoHess Enjoyed Pluses in 3Q16: Could It Beat Estimates? (NYSE:CXO) - October 17 at 4:31 PM logoConcho Resources Inc. (NYSE:CXO) Deferred Tax Assets At $30.069 - (NYSE:CXO) - October 17 at 9:31 AM logoIs Concho Resources (CXO) Stock a Solid Choice Right Now? (NYSE:CXO) - October 17 at 9:31 AM logoConcho Resources Inc. (NYSE:CXO) Deferred Tax Assets At $30.069 (NYSE:CXO) - October 16 at 4:27 PM logoConcho Resources Inc. (NYSE:CXO) Top Yearly EPS Estimate Of $-0.21? - Stocks Daily (NYSE:CXO) - October 15 at 9:23 AM
News IconEarnings Preview: Concho Resources, Inc. (NYSE:CXO) moved down 16 times out of last 27 quarters - The Independent Republic (NYSE:CXO) - October 14 at 8:56 AM logoThe Biggest Stock Gainers in the S&P 500 This Year (NYSE:CXO) - October 14 at 8:56 AM
News IconLatest Analyst Ratings For Concho Resources Inc. (NYSE:CXO) (NYSE:CXO) - October 10 at 4:23 PM
News IconIs Concho Resources, Inc.(NYSE: CXO), a large market cap stock a ... - The Daily Leicester (NYSE:CXO) - October 8 at 9:14 AM logoCan Concho Resources Inc. (NYSE:CXO) Exceed Annual EPS Estimate Of $-0.23? - Stocks Daily (NYSE:CXO) - October 7 at 9:29 AM
News IconNoteworthy Analyst Ratings of Two Stocks TD Ameritrade Holding Corp. (NASDAQ:AMTD), Concho Resources Inc ... - The Voice Registrar (NYSE:CXO) - October 6 at 4:29 PM logoI'm Drawn to Come-Hither Allure of Natural Gas (NYSE:CXO) - October 6 at 4:29 PM logoDrawn to Come-Hither Allure of Natural Gas (NYSE:CXO) - October 6 at 4:29 PM
News IconActive Stocks on Frontline- Concho Resources, Inc. (NYSE:CXO), Navient (NASDAQ:NAVI), The WhiteWave Foods ... - Seneca Globe (NYSE:CXO) - October 6 at 10:04 AM
News Icon2 Stocks Attracting Analyst Attention: Mylan NV (NASDAQ:MYL), Concho Resources Inc (NYSE:CXO) - The Voice Registrar (NYSE:CXO) - October 6 at 10:04 AM logoConcho Resources completes acquisition of Midland Basin assets (NYSE:CXO) - October 5 at 4:46 PM logoConcho Resources Inc. Schedules Third Quarter 2016 … (NYSE:CXO) - October 5 at 4:46 PM logoHow Is Apache’s Short Interest Trending? (NYSE:CXO) - October 5 at 4:46 PM logoConcho Resources Inc. Completes Acquisition of Midland Basin Assets (NYSE:CXO) - October 5 at 9:43 AM
News IconConcho Resources, Inc. (NYSE:CXO) Upcoming Earnings: What matter for investors? - The Voice Registrar (NYSE:CXO) - October 4 at 4:27 PM logoConcho Resources: Worth More Than Resolute Energy? (NYSE:CXO) - October 3 at 4:23 PM logoCan Shares Of Concho Resources Inc. (NYSE:CXO) Hit $187? - Investor Newswire (NYSE:CXO) - September 30 at 4:54 PM logoConcho Resources Inc. (NYSE:CXO): Price Target Stands At $148.263 - (NYSE:CXO) - September 30 at 4:54 PM
News IconConcho Resources, Inc. (NYSE: CXO) – Is this large market cap stock undervalued? - The Daily Leicester (NYSE:CXO) - September 29 at 4:28 PM logoAnalyzing Trends in Hess’s Total Debt (NYSE:CXO) - September 29 at 4:27 PM
News IconShares Slipping Lower Over the Past Month: Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO) - September 29 at 9:30 AM logoConcho Resources, Inc. breached its 50 day moving average in a Bullish Manner : CXO-US : September 29, 2016 (NYSE:CXO) - September 29 at 9:30 AM
News IconAnalysts Valuations For Two Stocks: Concho Resources (NYSE ... - The Voice Registrar (NYSE:CXO) - September 28 at 4:23 PM logoCan Concho Resources Inc. (NYSE:CXO) Outdo Yearly EPS Estimate Of $-0.23? - Stocks Daily (NYSE:CXO) - September 28 at 4:23 PM logoWhat Are Analysts’ Targets for Apache for the Next 12 Months? (NYSE:CXO) - September 28 at 4:23 PM logoDeutsche Bank Says Permian Basin Oil Stocks Still Best Buys - 24/7 Wall St. (NYSE:CXO) - 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) - September 26 at 4:43 PM logoConcho Resources Inc. (NYSE:CXO)’s Accounts Payable Is $20.172 (NYSE:CXO) - September 26 at 9:16 AM
News IconThe Key Numbers To Watch From Concho Resources, Inc. (NYSE ... - The Voice Registrar (NYSE:CXO) - September 24 at 9:14 AM
News IconStock Seen Gapping Up Pre-Bell: Concho Resources, Inc. (NYSE:CXO) - Post News (NYSE:CXO) - 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) - September 22 at 4:40 PM
News IconEnergy Sector Earnings Review for Cimarex Energy, Diamond Offshore Drilling, Mcdermott Intl, and Concho Resources (NYSE:CXO) - September 22 at 10:05 AM
News IconHigh Market Cap Stock of the Day – Concho Resources, Inc. (NYSE:CXO) (NYSE:CXO) - September 20 at 8:10 AM logoConcho Resources Inc. (NYSE:CXO)'s Expectation Of $3108.623 In Sales - Investor Newswire (NYSE:CXO) - September 19 at 3:24 PM logoConcho Resources Inc. (NYSE:CXO): Stock Rating Update - Investor Newswire (NYSE:CXO) - September 19 at 3:24 PM
News IconHow has Concho Resources, Inc.:(NYSE:CXO) performed recently ... - The Daily Leicester (NYSE:CXO) - September 17 at 4:24 PM logoResearch Analysts Set Concho Resources Inc. (NYSE:CXO)’s Price Target At $147.842 (NYSE:CXO) - September 16 at 4:24 PM


Concho Resources (NYSE:CXO) Chart for Sunday, October, 23, 2016

Last Updated on 10/23/2016 by Staff