Concho Resources Stock Forecast, Price & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have decreased by 1.6% and is now trading at $45.60.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Concho Resources.

Concho Resources Inc (NYSE:CXO) issued its earnings results on Wednesday, July, 29th. The oil and natural gas company reported $1.13 EPS for the quarter, topping the Zacks' 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%. Concho Resources's revenue was down 57.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share.
View Concho Resources' earnings history.

Concho Resources declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, August 6th.
View Concho Resources' dividend history.

22 Wall Street analysts have issued 12-month target prices for Concho Resources' stock. Their forecasts range from $53.00 to $118.00. On average, they expect Concho Resources' stock price to reach $78.05 in the next twelve months. This suggests a possible upside of 71.2% from the stock's current price.
View analysts' price targets for Concho Resources.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Boeing (BA), Micron Technology (MU), Intel (INTC), Netflix (NFLX), NVIDIA (NVDA), Cisco Systems (CSCO), EOG Resources (EOG), QUALCOMM (QCOM) and Broadcom (AVGO).

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

Concho Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.41%), Nuveen Asset Management LLC (1.25%), Point72 Asset Management L.P. (1.13%), Bank of New York Mellon Corp (0.87%), Manning & Napier Group LLC (0.83%) and Charles Schwab Investment Management Inc. (0.62%). 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.

CXO stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of New York Mellon Corp, FMR LLC, Balyasny Asset Management LLC, Prudential Financial Inc., TD Asset Management Inc., Candriam Luxembourg S.C.A., and Edmond DE Rothschild Holding S.A.. 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.

CXO stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Manning & Napier Group LLC, Nuveen Asset Management LLC, Holocene Advisors LP, Marshall Wace North America L.P., Two Sigma Advisers LP, Encompass Capital Advisors LLC, and Alyeska Investment Group L.P.. 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.

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 $45.60.

Concho Resources has a market capitalization of $8.97 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]