Concho Resources Stock Price, Forecast & Analysis (NYSE:CXO)

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

Concho Resources declared a quarterly dividend on Tuesday, October 29th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.125 per share on Friday, December 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, November 7th. View Concho Resources' Dividend History.

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings results on Tuesday, October, 29th. The oil and natural gas company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.05. The oil and natural gas company earned $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Concho Resources had a net margin of 28.98% and a return on equity of 3.24%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Concho Resources.

25 brokerages have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $62.00 to $196.00. On average, they anticipate Concho Resources' share price to reach $122.96 in the next twelve months. This suggests a possible upside of 70.3% from the stock's current price. View Analyst Price Targets for Concho Resources.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 1 sell rating, 5 hold ratings, 17 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

Press coverage about CXO stock has trended somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Concho Resources.

Concho Resources saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 6,820,000 shares, an increase of 7.1% from the September 15th total of 6,370,000 shares. Based on an average daily volume of 2,790,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.4% of the shares of the company are sold short. View Concho Resources' Current Options Chain.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), Kosmos Energy (KOS), EQT (EQT) and Matador Resources (MTDR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Micron Technology (MU), NVIDIA (NVDA), Boeing (BA), Netflix (NFLX), Baidu (BIDU), EOG Resources (EOG), Chevron (CVX), Diamondback Energy (fang) and Gilead Sciences (GILD).

Concho Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.42%), California Public Employees Retirement System (0.22%), Hexavest Inc. (0.19%), Rhumbline Advisers (0.16%), Retirement Systems of Alabama (0.14%) and New York State Teachers Retirement System (0.13%). Company insiders that own Concho Resources stock include Brenda R Schroer, E Joseph Wright, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Scott Kidwell, Steven D Gray, Steven L Beal, Susan J Helms and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

CXO stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Russell Investments Group Ltd., First Trust Advisors LP, Great West Life Assurance Co. Can, Tower Research Capital LLC TRC , CIBC Asset Management Inc, Nisa Investment Advisors LLC and Brinker Capital Inc.. Company insiders that have sold Concho Resources company stock in the last year include Scott Kidwell, Steven D Gray, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

CXO stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Caymus Capital Partners L.P., Garner Asset Management Corp, State of Alaska Department of Revenue, Virginia Retirement Systems ET AL, Viking Fund Management LLC and Stoneridge Investment Partners LLC. Company insiders that have bought Concho Resources stock in the last two years include Brenda R Schroer, Gary A Merriman, Jack F Harper, Mark B Puckett and Susan J Helms. View Insider Buying and Selling for Concho Resources.

Shares of CXO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $72.19.

Concho Resources has a market capitalization of $14.51 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $2.29 billion in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,503 workers across the globe.View Additional Information About Concho Resources.

The official website for Concho Resources is http://www.concho.com/.

Concho Resources' mailing address is 600 WEST ILLINOIS AVENUE, MIDLAND TX, 79701. The oil and natural gas company can be reached via phone at 432-683-7443 or via email at [email protected]