NYSE:CXO - Concho Resources Stock Price, News, & Analysis

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$115.58 +3.40 (+3.03 %)
(As of 05/21/2019 12:29 PM ET)
Previous Close$112.18
Today's Range$112.75 - $116.92
52-Week Range$93.31 - $160.81
Volume597,671 shs
Average Volume2.05 million shs
Market Capitalization$23.18 billion
P/E Ratio25.18
Dividend Yield0.44%
Beta1.11
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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP20605P10
Phone(432) 683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.15 billion
Cash Flow$11.5812 per share
Book Value$90.03 per share

Profitability

Net Income$2.29 billion

Miscellaneous

Employees1,503
Market Cap$23.18 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Wednesday, May 1st. Investors of record on Friday, May 10th will be given a dividend of $0.125 per share on Friday, June 28th. This represents a $0.50 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 9th. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) posted its quarterly earnings data on Tuesday, April, 30th. The oil and natural gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.01. The oil and natural gas company earned $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. Concho Resources had a net margin of 17.55% and a return on equity of 4.92%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Concho Resources.

What price target have analysts set for CXO?

26 brokers have issued 1-year target prices for Concho Resources' stock. Their forecasts range from $112.00 to $209.00. On average, they expect Concho Resources' share price to reach $165.1667 in the next year. This suggests a possible upside of 42.7% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation for Concho Resources?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

What are Wall Street analysts saying about Concho Resources stock?

Here are some recent quotes from research analysts about Concho Resources stock:
  • 1. According to Zacks Investment Research, "Concho Resources' core operations are focused in the prolific Permian basin, providing this large-cap E&P with an enviable acreage of low-risk top-tier assets and a multiyear drilling inventory. With the $9.5 billion RSP Permian acquisition, the company has been able to further bolster its scale and leadership position in the region. Moreover, the company decided to initiate a regular quarterly dividend payment of 12.5 cents, which will commence from the first quarter of 2019. Despite all the above-mentioned positives, service cost inflation and lack of geographical diversification keep us on the sidelines. Thus, Concho Resources is expected to have limited upside from current levels and warrants a cautious stance." (11/28/2018)
  • 2. Williams Capital analysts commented, "We reaffirm our Buy and CXO remains one of our Top Picks on the expectaon of connued execuon, large free cash flow generaon and further differenaon from peers." (10/31/2018)

Has Concho Resources been receiving favorable news coverage?

Media headlines about CXO stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. 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 -1.1 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future.

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), Boeing (BA), Micron Technology (MU), Netflix (NFLX), EOG Resources (EOG), Gilead Sciences (GILD), NVIDIA (NVDA), Chevron (CVX), Diamondback Energy (fang) and JPMorgan Chase & Co. (JPM).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.71%), Wellington Management Group LLP (3.01%), Geode Capital Management LLC (1.36%), American Century Companies Inc. (1.23%), Northern Trust Corp (1.16%) and Wells Fargo & Company MN (1.09%). Company insiders that own Concho Resources stock include E Joseph Wright, Erick Nelson, Gary A Merriman, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Scott Kidwell, Steven D Gray, Steven L Beal 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 FMR LLC, Jennison Associates LLC, Wellington Management Group LLP, Renaissance Technologies LLC, Neuberger Berman Group LLC, BlackRock Inc., Morgan Stanley and Wells Fargo & Company MN. Company insiders that have sold Concho Resources company stock in the last year include Erick Nelson, Lee Price Moncrief, 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 Boston Partners, State of Tennessee Treasury Department, American Century Companies Inc., Toronto Dominion Bank, FIL Ltd, Geode Capital Management LLC, Hexavest Inc. and Frontier Capital Management Co. LLC. Company insiders that have bought Concho Resources stock in the last two years include Gary A Merriman and Mark B Puckett. 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, Scottrade, Fidelity and Charles Schwab.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $115.77.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $23.22 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.

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:  979 (Vote Outperform)
Underperform Votes:  636 (Vote Underperform)
Total Votes:  1,615
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 5/21/2019 by MarketBeat.com Staff

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