Concho Resources Company Profile (NYSE:CXO)

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

Concho Resources Inc. (NYSE:CXO) released its earnings results on Wednesday, August, 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.09. The company had revenue of $567 million for the quarter, compared to the consensus estimate of $626.09 million. Concho Resources had a net margin of 29.32% and a return on equity of 2.76%. Concho Resources's quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Concho Resources.

18 brokers have issued 1-year price objectives for Concho Resources' stock. Their forecasts range from $100.00 to $192.00. On average, they anticipate Concho Resources' stock price to reach $147.27 in the next year. View Analyst Ratings for Concho Resources.

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

• 1. According to Zacks Investment Research, "Considering Concho Resources' service cost inflation and the negative sentiment surrounding oil prices, we remain bearish on the Permian pure play. With rig prices rising on the back of stronger demand and stiff competition putting upward pressure on service costs, the company's margins are set to suffer. As it is, land prices in the Permian are surging, which will again make drilling costly. Crude's renewed decline will hamper Concho Resources' earnings and cash flows. Lack of geographical diversification also keep us worried. Therefore, despite its comprehensive second-quarter earnings beat, we see the company as a risky bet that is best avoided at the moment." (8/9/2017)
• 2. 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)
• 3. 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)

Some companies that are related to Concho Resources include Williams Partners LP (WPZ), Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Devon Energy Corporation (DVN), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Encana Corporation (ECA), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE) and Newfield Exploration Company (NFX).

Concho Resources' management team includes the folowing people:

• Timothy A. Leach, Chairman of the Board, President, Chief Executive Officer
• Jack F. Harper, President, Chief Financial Officer
• Edwin Joseph Wright, Chief Operating Officer, Executive Vice President, Director
• C. William William Giraud, Executive Vice President, Chief Commercial Officer and Corporate Secretary
• Brenda R. Schroer, Senior Vice President, Chief Accounting Officer, Treasurer
• Travis Counts, Senior Vice President, General Counsel, Corporate Secretary
• Price Moncrief, Senior Vice President of Finance and Strategy
• Gayle Burleson, Senior Vice President - Business Development
• J.Steve Guthrie, Senior Vice President - Business Operations and Engineering
• Erick Nelson, Senior Vice President - Operations and Production

Concho Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.18%), Capital Research Global Investors (8.56%), Capital World Investors (7.31%), BlackRock Inc. (6.41%), State Street Corp (5.35%) and JPMorgan Chase & Co. (4.57%). 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, Lawrence J Nagy, Matthew Glover Hyde, Ray M Poage, Steven L Beal and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

Concho Resources' stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, FMR LLC, American Century Companies Inc., Caymus Capital Partners L.P., BlackRock Inc., Teacher Retirement System of Texas, Bank of New York Mellon Corp and Victory Capital Management Inc.. Company insiders that have sold Concho Resources stock in the last year include Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

Concho Resources' stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Capital World Investors, Vanguard Group Inc., TimesSquare Capital Management LLC, Carmignac Gestion, State of Tennessee Treasury Department, Jennison Associates LLC and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Concho Resources.

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.

One share of Concho Resources stock can currently be purchased for approximately $127.06.