NYSE:CXO - Concho Resources Stock Price, Price Target & More

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

Concho Resources Inc (NYSE:CXO) released its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.19. The oil and natural gas company earned $947 million during the quarter, compared to the consensus estimate of $808.60 million. Concho Resources had a net margin of 39.06% and a return on equity of 4.34%. Concho Resources's revenue was up 54.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Concho Resources.

25 equities research analysts have issued 1 year price objectives for Concho Resources' stock. Their forecasts range from $130.00 to $220.00. On average, they anticipate Concho Resources' stock price to reach $174.4783 in the next year. This suggests a possible upside of 20.9% from the stock's current price. View Analyst Ratings for Concho Resources.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 7 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Concho Resources include EOG Resources (EOG), CNOOC (CEO), PETROLEO BRASIL/ADR (PBR), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/RED PFD sh (PBR.A), Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR) and Devon Energy (DVN).

Media headlines about CXO stock have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Concho Resources earned a daily sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the oil and natural gas company an impact score of 45.43 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Concho Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include JPMORGAN CHASE & COMPANY (2.30%), Gateway Investment Advisers LLC (0.14%), Retirement Systems of Alabama (0.13%), Nikko Asset Management Americas Inc. (0.04%), Calamos Advisors LLC (0.04%) and Bank of Montreal Can (0.04%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Ray M Poage 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 Bank of Montreal Can, Nisa Investment Advisors LLC, Channing Capital Management LLC, Hartford Investment Management Co., Fjarde AP Fonden Fourth Swedish National Pension Fund, Gateway Investment Advisers LLC, Xact Kapitalforvaltning AB and Municipal Employees Retirement System of Michigan. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Ray M Poage and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

CXO stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Cornerstone Wealth Management LLC, Calamos Advisors LLC, SG Capital Management LLC, Nikko Asset Management Americas Inc., State of Alaska Department of Revenue, IFM Investors Pty Ltd and DnB Asset Management AS. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $144.29.

Concho Resources has a market capitalization of $22.31 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.

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]