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
Current Ratio0.55
Quick Ratio0.53
Price-To-Earnings
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales9.48
Price / Cash Flow12.40
Price / Book2.04
Profitability
Net Income$956 million
Net Margins26.92%
Return on Assets4.12%
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) released its earnings results on Tuesday, October, 30th. The oil and natural gas company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.27. The oil and natural gas company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Concho Resources had a return on equity of 6.13% and a net margin of 26.92%. The company's revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
How can I listen to Concho Resources' earnings call?
Concho Resources will be holding an earnings conference call on Wednesday, February 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8442638298.
What price target have analysts set for CXO?
26 equities research analysts have issued 1 year price targets for Concho Resources' shares. Their forecasts range from $118.00 to $209.00. On average, they expect Concho Resources' share price to reach $175.9583 in the next twelve months. This suggests a possible upside of 43.7% 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 4 hold ratings and 22 buy ratings 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?
Press coverage about CXO stock has been trending positive on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive press 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 negative five to five, with scores nearest to five being the most favorable. Concho Resources earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned news stories about the oil and natural gas company a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an effect on the company's share price in the next few days.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Anadarko Petroleum (APC), WOODSIDE PET LT/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY) and Marathon Oil (MRO).
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 Retirement Systems of Alabama (0.11%), Gateway Investment Advisers LLC (0.11%), Gulf International Bank UK Ltd (0.02%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.01%) and Louisiana State Employees Retirement System (0.01%). 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 institutional investors are selling Concho Resources stock?
CXO stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, Louisiana State Employees Retirement System, Sanders Morris Harris LLC and CENTRAL TRUST Co. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Erick Nelson, Lee Price Moncrief, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.
Which institutional investors are buying Concho Resources stock?
CXO stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, QUANTRES ASSET MANAGEMENT Ltd, State of Alaska Department of Revenue, Private Trust Co. NA, Fox Run Management L.L.C., Cerebellum GP LLC, DNB Asset Management AS and Gateway Investment Advisers LLC. 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 $122.43.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $24.34 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.
