NYSE:CXOConcho Resources Stock Price, Forecast & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CXO shares have increased by 10.7% and is now trading at $51.27.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Concho Resources Inc (NYSE:CXO) released its earnings results on Wednesday, July, 29th. The oil and natural gas company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.80. The oil and natural gas company had revenue of $474 million for the quarter, compared to analyst estimates of $892.65 million. Concho Resources had a negative net margin of 256.19% and a positive return on equity of 5.27%. The company's revenue for the quarter was down 57.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share.
View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, August 6th.
View Concho Resources' dividend history.

23 equities research analysts have issued 1 year target prices for Concho Resources' shares. Their forecasts range from $53.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $80.61 in the next year. This suggests a possible upside of 57.2% from the stock's current price.
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Headlines about CXO stock have trended extremely negative on Sunday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a media sentiment score of -4.8 on InfoTrie's scale. They also gave press coverage about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Concho Resources.

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), Apache (APA), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN).
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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).

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

Concho Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Manning & Napier Group LLC (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Swiss National Bank (0.40%), Victory Capital Management Inc. (0.20%), Retirement Systems of Alabama (0.20%) and New York State Common Retirement Fund (0.19%). 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.

CXO stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Edmond DE Rothschild Holding S.A., Whittier Trust Co., Garner Asset Management Corp, New York State Common Retirement Fund, Whittier Trust Co. of Nevada Inc., First Trust Advisors LP, and Seven Eight Capital LP.
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CXO stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Victory Capital Management Inc., Trexquant Investment LP, NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., Virtu Financial LLC, NN Investment Partners Holdings N.V., and Rafferty Asset Management LLC. 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.

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.

One share of CXO stock can currently be purchased for approximately $51.27.

Concho Resources has a market capitalization of $10.09 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.

The official website for Concho Resources is www.concho.com.

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]