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NYSE:CXOConcho Resources Stock Price, Forecast & News

$51.78
+2.95 (+6.04 %)
(As of 04/8/2020 02:39 PM ET)
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Compare
Today's Range
$49.20
Now: $51.78
$52.04
50-Day Range
$36.00
MA: $55.62
$82.45
52-Week Range
$33.13
Now: $51.78
$124.53
Volume882,287 shs
Average Volume2.79 million shs
Market Capitalization$10.19 billion
P/E RatioN/A
Dividend Yield1.67%
Beta1.74
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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Concho Resources logo

Beat the Market (BTM) Rank

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

2.30 out of 5 stars


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$4.59 billion
Cash Flow$15.41 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00

Miscellaneous

Employees1,453
Market Cap$10.19 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CXO shares have increased by 9.5% and is now trading at $50.71. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Concho Resources?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings and 16 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 Tuesday, May 5th 2020. View our earnings forecast for Concho Resources.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) released its earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. The oil and natural gas company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.17 billion. Concho Resources had a positive return on equity of 3.38% and a negative net margin of 15.35%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 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 declared a quarterly dividend on Tuesday, February 18th. Investors of record on Friday, February 28th will be paid a dividend of $0.20 per share on Friday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, February 27th. This is an increase from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' dividend history.

What price target have analysts set for CXO?

22 analysts have issued 1-year price targets for Concho Resources' shares. Their forecasts range from $38.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $94.05 in the next year. This suggests a possible upside of 85.5% from the stock's current price. View analysts' price targets for Concho Resources.

Has Concho Resources been receiving favorable news coverage?

Headlines about CXO stock have trended very negative this week, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely 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 during the month of March. As of March 13th, there was short interest totaling 7,687,500 shares, an increase of 18.6% from the February 27th total of 6,480,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the short-interest ratio is currently 3.6 days. Approximately 4.0% of the shares of the 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), Netflix (NFLX), Boeing (BA), EOG Resources (EOG), NVIDIA (NVDA), Chevron (CVX), Gilead Sciences (GILD), Occidental Petroleum (OXY), Pioneer Natural Resources (PXD) and Cisco Systems (CSCO).

Who are Concho Resources' key executives?

Concho Resources' management team includes the following 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

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 number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%) and IBM Retirement Fund (0.00%). 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 buying Concho Resources stock?

CXO stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and IBM Retirement Fund. 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 $50.71.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $9.98 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. 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]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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