Log in
NYSE:CXO

Concho Resources Stock Forecast, Price & News

$46.97
+0.93 (+2.02 %)
(As of 10/23/2020 12:00 AM ET)
Add
Compare
Today's Range
$46.19
Now: $46.97
$47.95
50-Day Range
$42.35
MA: $46.21
$50.65
52-Week Range
$33.13
Now: $46.97
$93.34
Volume5.82 million shs
Average Volume2.61 million shs
Market Capitalization$9.24 billion
P/E RatioN/A
Dividend Yield1.74%
Beta1.87
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.
Read More
Concho Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP20605P10
Phone432-683-7443
Employees1,453

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$14.11 per share
Book Value$88.46 per share

Profitability

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

Miscellaneous

Market Cap$9.24 billion
Next Earnings Date10/28/2020 (Confirmed)
OptionableOptionable
$46.97
+0.93 (+2.02 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive CXO News and Ratings via Email

Sign-up to receive the latest news and ratings for CXO and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Concho Resources (NYSE:CXO) Frequently Asked Questions

How has Concho Resources' stock price been impacted by COVID-19 (Coronavirus)?

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CXO shares have increased by 1.4% and is now trading at $46.97.
View which stocks have been most impacted by COVID-19
.

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 5 hold ratings and 19 buy ratings 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 Wednesday, October 28th 2020.
View our earnings forecast for Concho Resources
.

How can I listen to Concho Resources' earnings call?

Concho Resources will be holding an earnings conference call on Wednesday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) released its quarterly earnings data on Wednesday, July, 29th. The oil and natural gas company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.80. The oil and natural gas company had revenue of $474 million for 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 quarterly revenue was down 57.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS.
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. Stockholders 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 1.70%. The ex-dividend date is Thursday, August 6th.
View Concho Resources' dividend history
.

What price target have analysts set for CXO?

24 analysts have issued 12-month target prices for Concho Resources' stock. Their forecasts range from $50.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $74.83 in the next twelve months. This suggests a possible upside of 59.3% from the stock's current price.
View analysts' price targets for Concho Resources
.

Has Concho Resources been receiving favorable news coverage?

News articles about CXO stock have trended very negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Concho Resources earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned media coverage about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Concho Resources
.

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), Intel (INTC), Micron Technology (MU), The Boeing (BA), Cisco Systems (CSCO), Netflix (NFLX), NVIDIA (NVDA), Devon Energy (DVN), Chevron (CVX) and EOG Resources (EOG).

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 retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.21%), Standard Life Aberdeen plc (0.05%), Nisa Investment Advisors LLC (0.04%), Adams Natural Resources Fund Inc. (0.04%), State of Alaska Department of Revenue (0.04%) and Polianta Ltd (0.01%). Company insiders that own Concho Resources stock include Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, 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 major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Viking Fund Management LLC, Standard Life Aberdeen plc, Adams Natural Resources Fund Inc., Candriam Luxembourg S.C.A., Pacer Advisors Inc., PFG Advisors, and Nisa Investment Advisors LLC. Company insiders that have sold Concho Resources company stock in the last year include Jacob Gobar, and Steven L Beal.
View insider buying and selling activity for Concho Resources
.

Which major investors are buying Concho Resources stock?

CXO stock was bought by a variety of institutional investors in the last quarter, including Fortem Financial Group LLC, Wakefield Asset Management LLLP, Retirement Systems of Alabama, Polianta Ltd, Envestnet Asset Management Inc., Sippican Capital Advisors, IBM Retirement Fund, and IFM Investors Pty 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 $46.97.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $9.24 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 10/24/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.