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

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$103.70 -8.75 (-7.78 %)
(As of 02/22/2019 04:47 AM ET)
Previous Close$112.45
Today's Range$103.32 - $112.70
52-Week Range$93.31 - $163.11
Volume5.79 million shs
Average Volume2.03 million shs
Market Capitalization$20.77 billion
P/E Ratio22.59
Dividend YieldN/A
Beta1.26
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

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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$4.15 billion
Cash Flow$8.3968 per share
Book Value$59.96 per share

Profitability

Net Income$956 million

Miscellaneous

Employees1,203
Market Cap$20.77 billion
Next Earnings Date5/7/2019 (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 special dividend on Wednesday, February 20th. Investors of record on Friday, March 1st will be paid a dividend of $0.125 per share on Friday, March 29th. The ex-dividend date of this dividend is Thursday, February 28th. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) released its earnings results on Tuesday, February, 19th. The oil and natural gas company reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.16. The oil and natural gas company earned $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Concho Resources had a net margin of 55.07% and a return on equity of 6.45%. The company's quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 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 Tuesday, May 7th 2019. View Earnings Estimates for Concho Resources.

What price target have analysts set for CXO?

26 Wall Street analysts have issued 1-year price objectives for Concho Resources' stock. Their forecasts range from $118.00 to $209.00. On average, they expect Concho Resources' share price to reach $171.2917 in the next twelve months. This suggests a possible upside of 65.2% 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 coverage about CXO stock has been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of 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 2.3 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the next few days.

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), Netflix (NFLX), EOG Resources (EOG), Gilead Sciences (GILD), NVIDIA (NVDA), Chevron (CVX), Micron Technology (MU), Celgene (CELG) and Pioneer Natural Resources (PXD).

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing people:
  • Mr. Timothy A. Leach, Chairman & CEO (Age 59)
  • Mr. Jack F. Harper, Pres & CFO (Age 47)
  • Mr. E. Joseph Wright, Exec. VP, COO & Director (Age 59)
  • Mr. C. William Giraud IV, Exec. VP & COO (Age 39)
  • Mr. J. Steve Guthrie, Special Advisor (Age 57)

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.81%), Jennison Associates LLC (1.46%), Geode Capital Management LLC (1.27%), Northern Trust Corp (1.15%), Dimensional Fund Advisors LP (1.03%) and Bank of New York Mellon Corp (0.68%). Company insiders that own Concho Resources stock include E Joseph Wright, Erick Nelson, J Steve Guthrie, Lawrence J Nagy, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Steven L Beal and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

Which major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Carmignac Gestion, Los Angeles Capital Management & Equity Research Inc., Van ECK Associates Corp, Hodges Capital Management Inc., Lord Abbett & CO. LLC, Fiera Capital Corp and Millennium Management LLC. Company insiders that have sold Concho Resources company stock in the last year include Erick Nelson, Lee Price Moncrief and Steven L Beal. View Insider Buying and Selling for Concho Resources.

Which major investors are buying Concho Resources stock?

CXO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., SailingStone Capital Partners LLC, Perella Weinberg Partners Capital Management LP, APG Asset Management N.V., CI Investments Inc., Geode Capital Management LLC, Weiss Multi Strategy Advisers LLC and Jefferies Financial Group Inc.. 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 $103.70.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $20.77 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $956 million in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,203 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:  952 (Vote Outperform)
Underperform Votes:  612 (Vote Underperform)
Total Votes:  1,564
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 2/22/2019 by MarketBeat.com Staff

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