NYSE:CXO - Concho Resources Stock Price, Price Target & More

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

Concho Resources Inc (NYSE:CXO) posted its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The oil and natural gas company earned $947 million during the quarter, compared to analysts' expectations of $808.60 million. Concho Resources had a return on equity of 4.34% and a net margin of 39.06%. The firm's revenue was up 54.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Concho Resources.

22 Wall Street analysts have issued 12-month target prices for Concho Resources' shares. Their forecasts range from $100.00 to $217.00. On average, they expect Concho Resources' stock price to reach $172.00 in the next twelve months. View Analyst Ratings for Concho Resources.

Concho Resources saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 11,873,452 shares, an increase of 128.8% from the March 30th total of 5,189,272 shares. Based on an average daily volume of 2,948,736 shares, the days-to-cover ratio is currently 4.0 days. Currently, 8.1% of the company's shares are sold short.

Some companies that are related to Concho Resources include Petrobras (PBR), CNOOC (CEO), Petroleo Brasileiro SA Petrobras (PBR.A), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Canadian Natural Resources (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY) and Devon Energy (DVN).

News stories about CXO stock have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concho Resources earned a media sentiment score of -0.02 on Accern's scale. They also gave headlines about the oil and natural gas company an impact score of 47.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Concho Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.64%), JPMorgan Chase & Co. (3.03%), Artisan Partners Limited Partnership (1.27%), Northern Trust Corp (1.17%), Dimensional Fund Advisors LP (0.96%) and American Century Companies Inc. (0.95%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Ray M Poage, Steven L Beal 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 JPMorgan Chase & Co., Artisan Partners Limited Partnership, State of Wisconsin Investment Board, State of Tennessee Treasury Department, Amundi Pioneer Asset Management Inc., OppenheimerFunds Inc., Swiss National Bank and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Ray M Poage 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 Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, BlackRock Inc., DekaBank Deutsche Girozentrale, Royal Bank of Canada, Highland Capital Management LP, Franklin Resources Inc. and Banque Pictet & Cie SA. 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, Scottrade, Fidelity and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $139.57.

Concho Resources has a market capitalization of $20.81 billion and generates $2.59 billion in revenue each year. The oil and natural gas company earns $956 million in net income (profit) each year or $2.09 on an earnings per share basis. Concho Resources employs 1,203 workers across the globe.

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]