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, 2018, its estimated proved reserves totaled 1.2 billion barrels of oil equivalent. The company 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$4.15 billion
Profitability
Miscellaneous
Employees1,503
Next Earnings Date5/7/2019 (Estimated)
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 often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?
Concho Resources announced a special dividend on Wednesday, February 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.125 per share on Friday, March 29th. The ex-dividend date is Thursday, February 28th. View Concho Resources' Dividend History.
How were Concho Resources' earnings last quarter?
Concho Resources Inc (NYSE:CXO) announced its earnings results on Tuesday, February, 19th. The oil and natural gas company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.16. The oil and natural gas company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Concho Resources had a return on equity of 5.69% and a net margin of 55.07%. Concho Resources's revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
25 equities research analysts have issued twelve-month price objectives for Concho Resources' stock. Their forecasts range from $120.00 to $209.00. On average, they anticipate Concho Resources' share price to reach $167.00 in the next twelve months. This suggests a possible upside of 59.8% from the stock's current price. View Analyst Price Targets for Concho Resources.
What is the consensus analysts' recommendation for Concho Resources?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings, 22 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 coverage about CXO stock has been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Concho Resources earned a news impact score of 2.1 on InfoTrie's scale. They also gave news articles about the oil and natural gas company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
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), Diamondback Energy (FANG), Rwe Ag Sp (RWEOY), Continental Resources (CLR) and Marathon Oil (MRO).
What other stocks do shareholders of Concho Resources own?
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 (Age 47)
- Mr. C. William Giraud IV, Exec. VP & COO (Age 39)
- Mr. J. Steve Guthrie, Special Advisor (Age 57)
- Ms. Brenda R. Schroer, Sr. VP, CFO & Treasurer (Age 42)
Who are Concho Resources' major shareholders?
Concho Resources' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.81%), FMR LLC (1.70%), Jennison Associates LLC (1.46%), Geode Capital Management LLC (1.27%), Northern Trust Corp (1.15%) and Dimensional Fund Advisors LP (1.02%). Company insiders that own Concho Resources stock include E Joseph Wright, Erick Nelson, Gary A Merriman, Lawrence J Nagy, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Scott Kidwell, 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 Jennison Associates LLC, Carmignac Gestion, FMR LLC, Los Angeles Capital Management & Equity Research Inc., Van ECK Associates Corp, American Century Companies Inc., Hodges Capital Management Inc. and Lord Abbett & CO. LLC. Company insiders that have sold Concho Resources company stock in the last year include Erick Nelson, Lee Price Moncrief, Scott Kidwell and Steven L Beal. View Insider Buying and Selling for Concho Resources.
Which institutional investors are buying Concho Resources stock?
CXO stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., SailingStone Capital Partners LLC, Perella Weinberg Partners Capital Management LP, APG Asset Management N.V., CI Investments Inc., Geode Capital Management LLC and Weiss Multi Strategy Advisers LLC. Company insiders that have bought Concho Resources stock in the last two years include Gary A Merriman and Mark B Puckett. 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 $104.51.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $20.96 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $2.29 billion in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,503 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.
