NYSE:CXOConcho Resources Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Concho Resources Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $64.25 +4.72 (+7.93 %) (As of 06/3/2020 04:00 PM ET) Add Compare Share Today's Range$60.43Now: $64.25▼$64.3750-Day Range$46.00MA: $54.95▼$59.5352-Week Range$33.13Now: $64.25▼$107.69Volume3.76 million shsAverage Volume2.63 million shsMarket Capitalization$12.64 billionP/E RatioN/ADividend Yield1.34%Beta1.84 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingConcho Resources has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 20 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $88.17, Concho Resources has a potential upside of 37.2% from its current price of $64.25.Amount of Analyst CoverageConcho Resources has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesConcho Resources has received 1,072 “outperform” votes. (Add your “outperform” vote.)Underperform VotesConcho Resources has received 725 “underperform” votes. (Add your “underperform” vote.)Community SentimentConcho Resources has received 59.65% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipConcho Resources is a leading dividend payer. It pays a dividend yield of 1.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthConcho Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Concho Resources is 26.23 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Concho Resources will have a dividend payout ratio of 86.02 % in the coming year. This indicates that Concho Resources may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Concho Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,202,370.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of Concho Resources is held by insiders.Percentage Held by Institutions93.76% of the stock of Concho Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Concho Resources are expected to decrease by -61.25% in the coming year, from $2.40 to $0.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Concho Resources is -1.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Concho Resources is -1.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioConcho Resources has a PEG Ratio of 5.39. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioConcho Resources has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.31 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:CXO Previous Symbol CUSIP20605P10 CIK1358071 Webwww.concho.com Phone432-683-7443Debt Debt-to-Equity Ratio0.47 Current Ratio2.16 Quick Ratio2.14Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio26.77 P/E Growth5.39 Sales & Book Value Annual Sales$4.59 billion Price / Sales2.75 Cash Flow$16.14 per share Price / Cash Flow3.98 Book Value$88.46 per share Price / Book0.73Profitability EPS (Most Recent Fiscal Year)$3.05 Net Income$-705,000,000.00 Net Margins-210.59% Return on Equity3.89% Return on Assets2.71%Miscellaneous Employees1,453 Outstanding Shares196,702,000Market Cap$12.64 billion Next Earnings Date7/29/2020 (Estimated) OptionableOptionable CXO Rates by TradingView Receive CXO News and Ratings via Email Sign-up to receive the latest news and ratings for CXO and its competitors with MarketBeat's FREE daily newsletter. Concho Resources (NYSE:CXO) Frequently Asked Questions How has Concho Resources' stock been impacted by COVID-19 (Coronavirus)? Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CXO stock has increased by 38.7% and is now trading at $64.25. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Concho Resources? 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Concho Resources. When is Concho Resources' next earnings date? Concho Resources is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Concho Resources. How were Concho Resources' earnings last quarter? Concho Resources Inc (NYSE:CXO) announced its earnings results on Thursday, April, 30th. The oil and natural gas company reported $0.72 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.72. The oil and natural gas company earned $922 million during the quarter, compared to the consensus estimate of $1.06 billion. Concho Resources had a positive return on equity of 3.89% and a negative net margin of 210.59%. The firm's quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. View Concho Resources' earnings history. How often does Concho Resources pay dividends? What is the dividend yield for Concho Resources? Concho Resources announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.20 per share on Friday, June 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 7th. View Concho Resources' dividend history. What price target have analysts set for CXO? 24 brokerages have issued 1 year price objectives for Concho Resources' shares. Their forecasts range from $53.00 to $188.00. On average, they anticipate Concho Resources' stock price to reach $88.17 in the next year. This suggests a possible upside of 37.2% from the stock's current price. View analysts' price targets for Concho Resources. Has Concho Resources been receiving favorable news coverage? Media headlines about CXO stock have been trending somewhat positive on Wednesday, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Concho Resources earned a news impact score of 1.8 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutConcho Resources. Are investors shorting Concho Resources? Concho Resources saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,880,000 shares, an increase of 12.4% from the April 15th total of 7,900,000 shares. Based on an average trading volume of 2,900,000 shares, the short-interest ratio is presently 3.1 days. Approximately 4.6% of the shares of the stock are short sold. View Concho Resources' Current Options Chain. Who are some of Concho Resources' key competitors? Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). View all 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), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Pioneer Natural Resources (PXD), EOG Resources (EOG), Micron Technology (MU), Chevron (CVX), Occidental Petroleum (OXY) and Exxon Mobil (XOM). Who are Concho Resources' key executives? Concho Resources' management team includes the following people: Tim Leach, Chairman & Chief Executive OfficerJack F. Harper, PresidentWill Giraud, Chief Operating Officer & Executive Vice PresidentBrenda R. Schroer, Chief Financial Officer, Treasurer & Senior VPKang Chen, Chief Information Officer & Vice President What is Concho Resources' stock symbol? Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO." Who are Concho Resources' major shareholders? Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital Research Global Investors (11.79%), BlackRock Inc. (7.30%), Capital International Investors (5.78%), State Street Corp (5.68%), Wellington Management Group LLP (2.58%) and Geode Capital Management LLC (1.65%). Company insiders that own Concho Resources stock include Brenda R Schroer, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, 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 Nuveen Asset Management LLC, JPMorgan Chase & Co., Capital Research Global Investors, Capital World Investors, Franklin Resources Inc., Invesco Ltd., Van ECK Associates Corp, and Alyeska Investment Group L.P.. View insider buying and selling activity for Concho Resources. Which institutional investors are buying Concho Resources stock? CXO stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Wellington Management Group LLP, Bank of New York Mellon Corp, Two Sigma Advisers LP, Balyasny Asset Management LLC, BlackRock Inc., Swiss National Bank, and APG Asset Management N.V.. 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 activity 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 $64.25. How big of a company is Concho Resources? Concho Resources has a market capitalization of $12.64 billion and generates $4.59 billion in revenue each year. The oil and natural gas company earns $-705,000,000.00 in net income (profit) each year or $3.05 on an earnings per share basis. Concho Resources employs 1,453 workers across the globe. What is Concho Resources' official website? The official website for Concho Resources is www.concho.com. How can I contact Concho Resources? Concho Resources' mailing address is 600 W. 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] This page was last updated on 6/3/2020 by MarketBeat.com Staff
