About Concho Resources (NYSE:CXO)
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
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.30%
Current Ratio0.51%
Quick Ratio0.50%
Price-To-Earnings
Trailing P/E Ratio72.59
Forward P/E Ratio40.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales8.78
Cash Flow$9.4925 per share
Price / Cash16.04
Book Value$59.96 per share
Price / Book2.54
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins36.97%
Return on Equity3.61%
Return on Assets2.32%
Miscellaneous
Employees1,203
Outstanding Shares149,070,000
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 (NYSE:CXO) announced its quarterly earnings data on Tuesday, February, 20th. The oil and natural gas company reported $0.66 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.20. The oil and natural gas company earned $780 million during the quarter, compared to analyst estimates of $720.51 million. Concho Resources had a net margin of 36.97% and a return on equity of 3.61%. Concho Resources's revenue was up 48.6% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
21 brokers have issued twelve-month price targets for Concho Resources' shares. Their forecasts range from $100.00 to $217.00. On average, they anticipate Concho Resources' share price to reach $171.15 in the next year. View Analyst Ratings for Concho Resources.
Are investors shorting Concho Resources?
Concho Resources saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 11,873,452 shares, an increase of 128.8% from the March 30th total of 5,189,272 shares. Based on an average daily trading volume, of 2,948,736 shares, the short-interest ratio is currently 4.0 days. Approximately 8.1% of the shares of the company are short sold.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include Petrobras (PBR), Petroleo Brasileiro SA Petrobras (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY) 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 58)
- Mr. Jack F. Harper, Pres & CFO (Age 46)
- Mr. E. Joseph Wright, Exec. VP, COO & Director (Age 58)
- Mr. C. William Giraud IV, J.D., Exec. VP (Age 38)
- Mr. J. Steve Guthrie, Sr. VP of Bus. Operations and Engineering (Age 56)
Has Concho Resources been receiving favorable news coverage?
News stories about CXO stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Concho Resources earned a coverage optimism score of 0.12 on Accern's scale. They also gave news headlines about the oil and natural gas company an impact score of 44.97 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 $151.71.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $23.43 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.
How can I contact Concho Resources?
Concho Resources' mailing address is ONE CONCHO CENTER 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 (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.
Concho Resources (NYSE:CXO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
21 Wall Street analysts have issued ratings and price targets for Concho Resources in the last 12 months. Their average twelve-month price target is $171.15, suggesting that the stock has a possible upside of 12.41%. The high price target for CXO is $217.00 and the low price target for CXO is $100.00. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.71 | 2.71 | 2.67 | 2.65 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $171.15 | $170.40 | $162.2222 | $151.2222 |
| Price Target Upside: | 12.41% upside | 16.77% upside | 1.05% upside | 12.76% upside |
Concho Resources (NYSE:CXO) Consensus Price Target History
Concho Resources (NYSE:CXO) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Concho Resources (NYSE:CXO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 95.78%
Concho Resources (NYSE CXO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/6/2018 | E Joseph Wright | VP | Sell | 83,759 | $148.27 | $12,418,946.93 | 159,268 |  |
| 2/6/2018 | Timothy A Leach | Chairman | Sell | 40,000 | $148.14 | $5,925,600.00 | 737,837 | |
| 1/2/2018 | Ray M Poage | Director | Sell | 4,000 | $150.87 | $603,480.00 | 24,799 | |
| 8/11/2017 | E Joseph Wright | VP | Sell | 16,696 | $114.84 | $1,917,368.64 | 132,388 | |
| 5/17/2017 | Lawrence J Nagy | Director | Sell | 120,000 | $0.27 | $32,400.00 | | |
| 3/13/2017 | J Steve Guthrie | SVP | Sell | 6,000 | $128.00 | $768,000.00 | 39,810 | |
| 1/17/2017 | E Joseph Wright | VP | Sell | 28,000 | $135.15 | $3,784,200.00 | 164,381 | |
| 1/13/2017 | Adam Robert Travis | Director | Buy | 8,000 | $0.26 | $2,080.00 | | |
| 1/3/2017 | Timothy A Leach | CEO | Sell | 46,150 | $135.28 | $6,243,172.00 | 656,263 | |
| 11/23/2016 | Brenda R Schroer | CAO | Sell | 1,800 | $138.04 | $248,472.00 | 8,060 | |
| 6/6/2016 | Steven L Beal | Director | Sell | 16,250 | $119.75 | $1,945,937.50 | 73,652 | |
| 3/16/2016 | Darin G Holderness | CFO | Sell | 16,813 | $105.14 | $1,767,718.82 | 45,551 | |
| 3/15/2016 | C William Giraud | VP | Sell | 10,000 | $101.56 | $1,015,600.00 | 62,709 | |
| 3/15/2016 | Ray M Poage | Director | Sell | 1,000 | $100.70 | $100,700.00 | 22,053 | |
| 3/10/2016 | J Steve Guthrie | SVP | Sell | 5,000 | $96.35 | $481,750.00 | 38,144 | |
| 2/17/2016 | E Joseph Wright | VP | Sell | 36,800 | $95.01 | $3,496,368.00 | 155,397 | |
| 2/17/2016 | Timothy A Leach | CEO | Sell | 64,209 | $95.16 | $6,110,128.44 | 662,542 | |
| 1/29/2016 | Timothy A Leach | CEO | Sell | 24,791 | $95.04 | $2,356,136.64 | 726,751 | |
| 12/16/2015 | Matthew Glover Hyde | VP | Sell | 1,000 | $106.70 | $106,700.00 | 44,814 | |
| 9/3/2015 | Tucker S Bridwell | Director | Sell | 2,000 | $107.29 | $214,580.00 | 17,473 | |
| 7/2/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.06 | $480.00 | | |
| 5/27/2015 | Steven L Beal | Director | Sell | 20,000 | $118.85 | $2,377,000.00 | | |
| 3/30/2015 | Adam Robert Travis | Director | Buy | 10,000 | $0.12 | $1,200.00 | | |
| 3/27/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.12 | $960.00 | | |
| 9/4/2014 | E Joseph Wright | VP | Sell | 36,863 | $134.86 | $4,971,344.18 | | |
| 9/3/2014 | Matthew Glover Hyde | VP | Sell | 37,302 | $140.57 | $5,243,542.14 | | |
| 9/2/2014 | Timothy A Leach | CEO | Sell | 109,330 | $139.23 | $15,222,015.90 | | |
| 8/29/2014 | Darin G Holderness | CFO | Sell | 15,000 | $140.00 | $2,100,000.00 | | |
| 8/21/2014 | John P Surma | Director | Buy | 2,000 | $130.00 | $260,000.00 | | |
| 8/20/2014 | Gary A Merriman | Director | Buy | 2,000 | $129.15 | $258,300.00 | | |
| 7/14/2014 | C William Giraud | VP | Sell | 5,000 | $147.65 | $738,250.00 | | |
| 3/4/2014 | Timothy Leach | CEO | Sell | 50,000 | $122.55 | $6,127,500.00 | 821,841 | |
| 2/26/2014 | Darin Holderness | CFO | Sell | 5,000 | $119.42 | $597,100.00 | 76,164 | |
| 12/3/2013 | Steven Beal | Director | Sell | 20,000 | $104.00 | $2,080,000.00 | 97,939 | |
| 5/23/2013 | A Wellford Tabor | Director | Buy | 2,000 | $80.35 | $160,700.00 | | |
| 8/23/2012 | Timothy A Leach | CEO | Sell | 89,269 | $94.02 | $8,393,071.38 | | |
| 8/22/2012 | Steven L Beal | Director | Sell | 100,000 | $94.29 | $9,429,000.00 | | |
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) News Headlines
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Concho Resources (NYSE:CXO) SEC Filings
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Concho Resources (NYSE:CXO) Income Statement, Balance Sheet and Cash Flow Statement
Concho Resources (NYSE CXO) Stock Chart for Wednesday, April, 25, 2018
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