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

$70.60
-0.32 (-0.45 %)
(As of 11/20/2019 10:15 AM ET)
Today's Range
$70.39
Now: $70.60
$71.40
50-Day Range
$61.91
MA: $67.39
$73.16
52-Week Range
$61.37
Now: $70.60
$138.01
Volume95,702 shs
Average Volume1.91 million shs
Market Capitalization$14.19 billion
P/E Ratio15.38
Dividend Yield0.68%
Beta1.23
Concho Resources, Inc engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP20605P10
Phone432-683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.15 billion
Cash Flow$10.91 per share
Book Value$93.56 per share

Profitability

Net Income$2.29 billion

Miscellaneous

Employees1,503
Market Cap$14.19 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

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Concho Resources (NYSE:CXO) Frequently Asked Questions

What is Concho Resources' stock symbol?

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

How often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?

Concho Resources announced a quarterly dividend on Tuesday, October 29th. Investors 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 7th. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings data on Tuesday, October, 29th. The oil and natural gas company reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by $0.05. The oil and natural gas company had revenue of $1.12 billion for 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%. Concho Resources's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 EPS. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

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

What price target have analysts set for CXO?

25 Wall Street analysts have issued twelve-month target prices for Concho Resources' stock. Their forecasts range from $62.00 to $196.00. On average, they expect Concho Resources' share price to reach $122.96 in the next twelve months. This suggests a possible upside of 74.2% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation 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.

Has Concho Resources been receiving favorable news coverage?

News coverage about CXO stock has trended very positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Concho Resources earned a daily sentiment score of 3.6 on InfoTrie's scale. They also gave media headlines 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 stock's share price in the near future. View News Stories for Concho Resources.

Are investors shorting Concho Resources?

Concho Resources saw a increase in short interest in 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 trading volume, of 2,790,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.4% of the company's stock are sold short. View Concho Resources' Current Options Chain.

Who are some of Concho Resources' key competitors?

What other stocks do shareholders of Concho Resources own?

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

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing people:
  • Tim Leach, Chairman & Chief Executive Officer
  • Jack F. Harper, President
  • Will Giraud, Chief Operating Officer & Executive Vice President
  • Brenda R. Schroer, Chief Financial Officer, Treasurer & Senior VP
  • Kang Chen, Chief Information Officer & Vice President

Who are Concho Resources' major shareholders?

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.

Which institutional investors are selling Concho Resources stock?

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.

Which institutional investors are buying Concho Resources stock?

CXO stock was acquired 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.

How do I buy shares of 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.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $70.60.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $14.19 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.

What is Concho Resources' official website?

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

How can I contact Concho Resources?

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]


MarketBeat Community Rating for Concho Resources (NYSE CXO)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,023 (Vote Outperform)
Underperform Votes:  677 (Vote Underperform)
Total Votes:  1,700
MarketBeat's community ratings are surveys of what our community members think about Concho Resources and other stocks. Vote "Outperform" if you believe CXO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CXO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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