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NYSE:CXOConcho Resources Stock Price, Forecast & News

$70.25
+5.92 (+9.20 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$67.53
Now: $70.25
$71.43
50-Day Range
$46.00
MA: $55.46
$64.33
52-Week Range
$33.13
Now: $70.25
$107.69
Volume3.84 million shs
Average Volume2.09 million shs
Market Capitalization$13.82 billion
P/E RatioN/A
Dividend Yield1.24%
Beta1.84
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$15.51 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00
Net Margins-210.59%

Miscellaneous

Employees1,453
Market Cap$13.82 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Concho Resources (NYSE:CXO) Frequently Asked Questions

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

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CXO shares have increased by 51.7% and is now trading at $70.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Concho Resources?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 4 hold ratings and 21 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, July 29th 2020. View our earnings forecast for Concho Resources.

How were Concho Resources' earnings last quarter?

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, meeting 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 firm's revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. 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, 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 1.14%. The ex-dividend date of this dividend is Thursday, May 7th. View Concho Resources' dividend history.

What price target have analysts set for CXO?

25 brokers have issued 1 year target prices for Concho Resources' shares. Their forecasts range from $53.00 to $188.00. On average, they anticipate Concho Resources' stock price to reach $87.33 in the next year. This suggests a possible upside of 24.3% from the stock's current price. View analysts' price targets for Concho Resources.

Has Concho Resources been receiving favorable news coverage?

Headlines about CXO stock have been trending somewhat positive this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutConcho Resources.

Are investors shorting Concho Resources?

Concho Resources saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,880,000 shares, an increase of 12.4% from the April 15th total of 7,900,000 shares. Based on an average daily trading volume, of 2,900,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.6% of the company's stock are short sold. View Concho Resources' Current Options Chain.

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), 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).

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 institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (11.79%), BlackRock Inc. (7.30%), Capital International Investors (5.78%), State Street Corp (5.68%), Wellington Management Group LLP (2.58%) and Geode Capital Management LLC (1.65%). Company insiders that own Concho Resources stock include Brenda R Schroer, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, 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 institutional investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, JPMorgan Chase & Co., Capital Research Global Investors, Capital World Investors, Franklin Resources Inc., Invesco Ltd., Van ECK Associates Corp, and Alyeska Investment Group L.P.. View insider buying and selling activity for Concho Resources.

Which institutional investors are buying Concho Resources stock?

CXO stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Wellington Management Group LLP, Bank of New York Mellon Corp, Two Sigma Advisers LP, Balyasny Asset Management LLC, BlackRock Inc., Swiss National Bank, and APG Asset Management N.V.. 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 $70.25.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $13.82 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 W. 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 6/6/2020 by MarketBeat.com Staff

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