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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone432-683-7443
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.59 billion
Profitability
Miscellaneous
Employees1,203
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 were Concho Resources' earnings last quarter?
Concho Resources Inc (NYSE:CXO) announced its quarterly earnings results on Tuesday, February, 19th. The oil and natural gas company reported $0.94 EPS for the quarter, missing the Zacks' consensus estimate 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 26.92% and a return on equity of 6.13%. The firm's quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
27 equities research analysts have issued 1 year price objectives for Concho Resources' stock. Their predictions range from $118.00 to $209.00. On average, they expect Concho Resources' share price to reach $175.0833 in the next twelve months. This suggests a possible upside of 52.9% from the stock's current price. View Analyst Price Targets for Concho Resources.
What is the consensus analysts' recommendation for Concho Resources?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings, 24 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?
News headlines about CXO stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Concho Resources earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned news stories about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include CNOOC (CEO), ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Anadarko Petroleum (APC), Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY), Marathon Oil (MRO) and Devon Energy (DVN).
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 a variety of 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 $114.48.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $22.92 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.
What is Concho Resources' official website?
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)
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.
