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NYSE:CXOConcho Resources Stock Price, Forecast & News

$51.47
+0.73 (+1.44 %)
(As of 08/4/2020 04:00 PM ET)
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Today's Range
$50.30
Now: $51.47
$52.24
50-Day Range
$47.56
MA: $52.21
$58.08
52-Week Range
$33.13
Now: $51.47
$93.34
Volume2.56 million shs
Average Volume2.65 million shs
Market Capitalization$10.12 billion
P/E RatioN/A
Dividend Yield1.58%
Beta1.82
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

2.31 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP20605P10
Phone432-683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$13.91 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00
Net Margins-256.19%

Miscellaneous

Employees1,453
Market Cap$10.12 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$51.47
+0.73 (+1.44 %)
(As of 08/4/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have increased by 11.1% and is now trading at $51.47.
View which stocks have been most impacted by Coronavirus
.

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

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 4 hold ratings, 19 buy ratings and 1 strong buy rating 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, November 3rd 2020.
View our earnings forecast for Concho Resources
.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings data on Wednesday, July, 29th. The oil and natural gas company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.33 by $0.80. The oil and natural gas company earned $474 million during the quarter, compared to analysts' expectations 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 was down 57.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 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, July 28th. Investors of record on Friday, August 7th will be given a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, August 6th.
View Concho Resources' dividend history
.

What price target have analysts set for CXO?

24 brokerages have issued 12-month price objectives for Concho Resources' stock. Their forecasts range from $53.00 to $118.00. On average, they expect Concho Resources' share price to reach $80.61 in the next year. This suggests a possible upside of 56.6% 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 been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about Concho Resources
.

Are investors shorting Concho Resources?

Concho Resources saw a decrease in short interest in June. As of June 30th, there was short interest totaling 6,080,000 shares, a decrease of 9.0% from the June 15th total of 6,680,000 shares. Based on an average trading volume of 2,790,000 shares, the short-interest ratio is currently 2.2 days. Currently, 3.1% of the shares of the stock are short sold.
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), NVIDIA (NVDA), Pioneer Natural Resources (PXD), EOG Resources (EOG), Micron Technology (MU), Chevron (CVX), Occidental Petroleum (OXY) and Exxon Mobil (XOM).

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 investors include Manning & Napier Group LLC (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Retirement Systems of Alabama (0.20%), First Trust Advisors LP (0.12%), New York State Teachers Retirement System (0.12%) and Strs Ohio (0.08%). 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 selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Whittier Trust Co., Garner Asset Management Corp, Whittier Trust Co. of Nevada Inc., First Trust Advisors LP, New York State Teachers Retirement System, Raymond James & Associates, and Sumitomo Mitsui Trust Holdings Inc..
View insider buying and selling activity 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 Manning & Napier Group LLC, NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., NN Investment Partners Holdings N.V., SG Americas Securities LLC, Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, and Polianta Ltd. 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 $51.47.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $10.12 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.

What is Concho Resources' official website?

The official website for Concho Resources is 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 8/4/2020 by MarketBeat.com Staff

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