NYSE:CXOConcho Resources Stock Price, Forecast & News

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 11.1% and is now trading at $51.47. View which stocks have been most impacted by Coronavirus.

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.

Concho Resources is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Concho Resources.

Concho Resources will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Concho Resources Inc (NYSE:CXO) released its earnings results on Thursday, April, 30th. The oil and natural gas company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The oil and natural gas company had revenue of $922 million for the quarter, compared to analyst estimates of $1.06 billion. Concho Resources had a positive return on equity of 3.89% and a negative net margin of 210.59%. The business's quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. View Concho Resources' earnings history.

Concho Resources declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.20 per share on Friday, June 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 7th. View Concho Resources' dividend history.

24 analysts have issued twelve-month price objectives for Concho Resources' shares. Their forecasts range from $53.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $86.17 in the next year. This suggests a possible upside of 67.4% from the stock's current price. View analysts' price targets for Concho Resources.

Headlines about CXO stock have trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing 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 closest to five being the most favorable. Concho Resources earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news about Concho Resources.

Concho Resources saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,680,000 shares, a decline of 14.2% from the May 31st total of 7,790,000 shares. Based on an average daily volume of 2,980,000 shares, the short-interest ratio is currently 2.2 days. Approximately 3.4% of the company's stock are sold short. View Concho Resources' Current Options Chain.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Cabot Oil & Gas (COG), Continental Resources (CLR), Diamondback Energy (FANG), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN). View all competitors.

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).

Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO."

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.

One share of CXO stock can currently be purchased for approximately $51.47.

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.

The official website for Concho Resources is www.concho.com.

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]