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About Concho Resources (NYSE:CXO)
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.24
Current Ratio0.65
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio68.24
Forward P/E Ratio29.87
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales8.30
Cash Flow$9.1649 per share
Price / Cash15.71
Book Value$65.32 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins39.06%
Return on Equity4.34%
Return on Assets2.83%
Miscellaneous
Employees1,203
Outstanding Shares149,070,000
Concho Resources (NYSE:CXO) Frequently Asked Questions
What is Concho Resources' stock symbol?
Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO."
How were Concho Resources' earnings last quarter?
Concho Resources Inc (NYSE:CXO) posted its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 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 return on equity of 4.34% and a net margin of 39.06%. The company's revenue for the quarter was up 54.7% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
22 brokerages have issued 12 month price objectives for Concho Resources' shares. Their predictions range from $100.00 to $217.00. On average, they expect Concho Resources' share price to reach $172.00 in the next twelve months. View Analyst Ratings for Concho Resources.
Are investors shorting Concho Resources?
Concho Resources saw a increase in short interest in April. As of April 13th, there was short interest totalling 11,873,452 shares, an increase of 128.8% from the March 30th total of 5,189,272 shares. Based on an average daily trading volume, of 2,948,736 shares, the days-to-cover ratio is presently 4.0 days. Currently, 8.1% of the shares of the company are short sold.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include Petroleo Brasileiro SA Petrobras (PBR.A), CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Canadian Natural Resources (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY), Devon Energy (DVN) and Marathon Oil (MRO).
Who are Concho Resources' key executives?
Concho Resources' management team includes the folowing people:
- Mr. Timothy A. Leach, Chairman & CEO (Age 58)
- Mr. Jack F. Harper, Pres & CFO (Age 46)
- Mr. E. Joseph Wright, Exec. VP, COO & Director (Age 58)
- Mr. C. William Giraud IV, Exec. VP (Age 38)
- Mr. J. Steve Guthrie, Sr. VP of Bus. Operations & Engineering (Age 56)
Has Concho Resources been receiving favorable news coverage?
News headlines about CXO stock have trended somewhat positive this week, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concho Resources earned a media sentiment score of 0.06 on Accern's scale. They also gave news coverage about the oil and natural gas company an impact score of 46.30 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Concho Resources' major shareholders?
Concho Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.64%), JPMorgan Chase & Co. (3.03%), Artisan Partners Limited Partnership (1.27%), Northern Trust Corp (1.17%), Dimensional Fund Advisors LP (0.96%) and American Century Companies Inc. (0.95%). 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, Steven L Beal 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 JPMorgan Chase & Co., Artisan Partners Limited Partnership, State of Wisconsin Investment Board, State of Tennessee Treasury Department, Amundi Pioneer Asset Management Inc., OppenheimerFunds Inc., Swiss National Bank and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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.
Which institutional investors are buying Concho Resources stock?
CXO stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, BlackRock Inc., DekaBank Deutsche Girozentrale, Royal Bank of Canada, Highland Capital Management LP, Franklin Resources Inc. and Banque Pictet & Cie SA. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Concho Resources' stock price today?
One share of CXO stock can currently be purchased for approximately $144.44.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $22.94 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.
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]
MarketBeat Community Rating for Concho Resources (CXO)
MarketBeat's community ratings are surveys of what our community members think about Concho Resources and other stocks. Vote "Outperform" if you believe CXO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CXO will underperform the S&P 500 over the long term. You may vote once every thirty days.
Concho Resources (NYSE:CXO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for Concho Resources in the last 12 months. Their average twelve-month price target is $172.00, suggesting that the stock has a possible upside of 19.46%. The high price target for CXO is $217.00 and the low price target for CXO is $100.00. There are currently 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.73 | 2.71 | 2.65 | 2.70 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $172.00 | $171.25 | $167.8947 | $152.4444 |
| Price Target Upside: | 19.46% upside | 9.52% upside | 12.55% upside | 9.95% upside |
Concho Resources (NYSE:CXO) Consensus Price Target History
Concho Resources (NYSE:CXO) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Concho Resources (NYSE:CXO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 97.16%
Concho Resources (NYSE CXO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/6/2018 | E Joseph Wright | VP | Sell | 83,759 | $148.27 | $12,418,946.93 | 159,268 |  |
| 2/6/2018 | Timothy A Leach | Chairman | Sell | 40,000 | $148.14 | $5,925,600.00 | 737,837 | |
| 1/2/2018 | Ray M Poage | Director | Sell | 4,000 | $150.87 | $603,480.00 | 24,799 | |
| 8/11/2017 | E Joseph Wright | VP | Sell | 16,696 | $114.84 | $1,917,368.64 | 132,388 | |
| 5/17/2017 | Lawrence J Nagy | Director | Sell | 120,000 | $0.27 | $32,400.00 | | |
| 3/13/2017 | J Steve Guthrie | SVP | Sell | 6,000 | $128.00 | $768,000.00 | 39,810 | |
| 1/17/2017 | E Joseph Wright | VP | Sell | 28,000 | $135.15 | $3,784,200.00 | 164,381 | |
| 1/13/2017 | Adam Robert Travis | Director | Buy | 8,000 | $0.26 | $2,080.00 | | |
| 1/3/2017 | Timothy A Leach | CEO | Sell | 46,150 | $135.28 | $6,243,172.00 | 656,263 | |
| 11/23/2016 | Brenda R Schroer | CAO | Sell | 1,800 | $138.04 | $248,472.00 | 8,060 | |
| 6/6/2016 | Steven L Beal | Director | Sell | 16,250 | $119.75 | $1,945,937.50 | 73,652 | |
| 3/16/2016 | Darin G Holderness | CFO | Sell | 16,813 | $105.14 | $1,767,718.82 | 45,551 | |
| 3/15/2016 | C William Giraud | VP | Sell | 10,000 | $101.56 | $1,015,600.00 | 62,709 | |
| 3/15/2016 | Ray M Poage | Director | Sell | 1,000 | $100.70 | $100,700.00 | 22,053 | |
| 3/10/2016 | J Steve Guthrie | SVP | Sell | 5,000 | $96.35 | $481,750.00 | 38,144 | |
| 2/17/2016 | E Joseph Wright | VP | Sell | 36,800 | $95.01 | $3,496,368.00 | 155,397 | |
| 2/17/2016 | Timothy A Leach | CEO | Sell | 64,209 | $95.16 | $6,110,128.44 | 662,542 | |
| 1/29/2016 | Timothy A Leach | CEO | Sell | 24,791 | $95.04 | $2,356,136.64 | 726,751 | |
| 12/16/2015 | Matthew Glover Hyde | VP | Sell | 1,000 | $106.70 | $106,700.00 | 44,814 | |
| 9/3/2015 | Tucker S Bridwell | Director | Sell | 2,000 | $107.29 | $214,580.00 | 17,473 | |
| 7/2/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.06 | $480.00 | | |
| 5/27/2015 | Steven L Beal | Director | Sell | 20,000 | $118.85 | $2,377,000.00 | | |
| 3/30/2015 | Adam Robert Travis | Director | Buy | 10,000 | $0.12 | $1,200.00 | | |
| 3/27/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.12 | $960.00 | | |
| 9/4/2014 | E Joseph Wright | VP | Sell | 36,863 | $134.86 | $4,971,344.18 | | |
| 9/3/2014 | Matthew Glover Hyde | VP | Sell | 37,302 | $140.57 | $5,243,542.14 | | |
| 9/2/2014 | Timothy A Leach | CEO | Sell | 109,330 | $139.23 | $15,222,015.90 | | |
| 8/29/2014 | Darin G Holderness | CFO | Sell | 15,000 | $140.00 | $2,100,000.00 | | |
| 8/21/2014 | John P Surma | Director | Buy | 2,000 | $130.00 | $260,000.00 | | |
| 8/20/2014 | Gary A Merriman | Director | Buy | 2,000 | $129.15 | $258,300.00 | | |
| 7/14/2014 | C William Giraud | VP | Sell | 5,000 | $147.65 | $738,250.00 | | |
| 3/4/2014 | Timothy Leach | CEO | Sell | 50,000 | $122.55 | $6,127,500.00 | 821,841 | |
| 2/26/2014 | Darin Holderness | CFO | Sell | 5,000 | $119.42 | $597,100.00 | 76,164 | |
| 12/3/2013 | Steven Beal | Director | Sell | 20,000 | $104.00 | $2,080,000.00 | 97,939 | |
| 5/23/2013 | A Wellford Tabor | Director | Buy | 2,000 | $80.35 | $160,700.00 | | |
| 8/23/2012 | Timothy A Leach | CEO | Sell | 89,269 | $94.02 | $8,393,071.38 | | |
| 8/22/2012 | Steven L Beal | Director | Sell | 100,000 | $94.29 | $9,429,000.00 | | |
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Piper Jaffray Companies Brokers Cut Earnings Estimates for Concho Resources (CXO)
www.americanbankingnews.com - May 22 at 7:34 AM |
| Concho Resources (CXO) Lowered to Hold at ValuEngine
www.americanbankingnews.com - May 17 at 4:17 PM |
| $848.17 Million in Sales Expected for Concho Resources (CXO) This Quarter
www.americanbankingnews.com - May 17 at 2:18 AM |
 | Trends in Eagle Ford’s Productivity Compared to Other Shale Plays
finance.yahoo.com - May 16 at 5:21 PM |
| Concho Resources (CXO) Expected to Announce Earnings of $0.95 Per Share
www.americanbankingnews.com - May 15 at 7:10 PM |
| Concho Resources (CXO) Price Target Raised to $180.00 at JPMorgan Chase
www.americanbankingnews.com - May 15 at 2:27 PM |
| Concho Resources Forecasted to Post Q2 2018 Earnings of $1.14 Per Share (CXO)
www.americanbankingnews.com - May 10 at 7:04 AM |
| Concho Resources (CXO) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 7 at 10:33 AM |
| Q3 2018 EPS Estimates for Concho Resources Cut by Capital One (CXO)
www.americanbankingnews.com - May 7 at 3:23 AM |
| Concho Resources (CXO) Expected to Post Q2 2018 Earnings of $1.08 Per Share
www.americanbankingnews.com - May 7 at 2:30 AM |
 | Form 425 RSP Permian, Inc. Filed by: CONCHO RESOURCES INC
www.streetinsider.com - May 5 at 5:24 PM |
| KeyCorp Weighs in on Concho Resources' Q2 2018 Earnings (CXO)
www.americanbankingnews.com - May 4 at 9:08 AM |
| Concho Resources (CXO) Forecasted to Earn Q2 2018 Earnings of $0.75 Per Share
www.americanbankingnews.com - May 4 at 9:08 AM |
| Q2 2018 Earnings Forecast for Concho Resources Issued By Seaport Global Securities (CXO)
www.americanbankingnews.com - May 4 at 9:08 AM |
| Concho Resources (CXO) Upgraded to Buy at ValuEngine
www.americanbankingnews.com - May 3 at 7:56 PM |
| Oil Refiners ETF Pumping Strong This Year
finance.yahoo.com - May 3 at 5:11 PM |
| Edited Transcript of CXO earnings conference call or presentation 2-May-18 1:00pm GMT
finance.yahoo.com - May 3 at 8:31 AM |
 | BRIEF-Concho Resources Q1 Earnings Per Share $5.58
www.reuters.com - May 2 at 5:23 PM |
 | Earnings Reaction History: Concho Resources, Inc., 100.0% Follow-Through Indicator, 3.6% Sensitive
www.nasdaq.com - May 2 at 5:23 PM |
 | Concho Resources Inc. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 2 at 5:23 PM |
| Concho Resources +2% after beating on Q1 earnings, revenues
seekingalpha.com - May 2 at 5:23 PM |
| Stock Market News For May 2, 2018
finance.yahoo.com - May 2 at 5:23 PM |
| Credit Suisse Group Raises Concho Resources (CXO) Price Target to $168.00
www.americanbankingnews.com - May 2 at 12:35 PM |
 | Concho (CXO) Q1 Earnings Top on Price & Output, Guidance Up
www.msn.com - May 2 at 8:36 AM |
| Concho Resources (CXO) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 1 at 6:50 PM |
| Concho Resources beats by $0.24, beats on revenue
seekingalpha.com - May 1 at 5:06 PM |
| Is It Too Late To Buy Concho Resources Inc (NYSE:CXO)?
finance.yahoo.com - May 1 at 5:06 PM |
| Concho Resources Inc. Reports First-Quarter 2018 Results
finance.yahoo.com - May 1 at 5:06 PM |
| Viper Energy, Anadarko, Concho Resources Beat Late After Noble Energy Tops
finance.yahoo.com - May 1 at 5:06 PM |
| Concho Resources: 1Q Earnings Snapshot
finance.yahoo.com - May 1 at 5:06 PM |
 | Why The Permian Is Set For A Shakeout
www.forbes.com - April 30 at 5:03 PM |
 | Why Earnings Season Could Be Great for Concho Resources (CXO)
www.zacks.com - April 30 at 8:39 AM |
| $799.17 Million in Sales Expected for Concho Resources (CXO) This Quarter
www.americanbankingnews.com - April 30 at 4:48 AM |
| Concho Resources (CXO) Sees Significant Increase in Short Interest
www.americanbankingnews.com - April 29 at 2:20 AM |
 | Pump the Permian: Exxon's Effort to Boost Output
www.bloomberg.com - April 28 at 8:50 AM |
| Brokerages Expect Concho Resources (CXO) Will Post Earnings of $0.81 Per Share
www.americanbankingnews.com - April 28 at 7:22 AM |
| Jefferies Group Comments on Concho Resources' Q1 2018 Earnings (CXO)
www.americanbankingnews.com - April 27 at 6:38 AM |
 | Quotidian Technical Highlights on Selected Oil and Gas Stocks -- Antero Resources, Camber Energy, Cenovus Energy ...
www.prnewswire.com - April 26 at 8:30 AM |
| Output & Price Gains to Boost Concho's (CXO) Q1 Earnings
www.nasdaq.com - April 26 at 8:30 AM |
| Output & Price Gains to Boost Concho's (CXO) Q1 Earnings
finance.yahoo.com - April 26 at 8:30 AM |
| Concho Resources (CXO) Expected to Earn Q1 2018 Earnings of $0.72 Per Share
www.americanbankingnews.com - April 25 at 8:12 AM |
| Q1 2018 EPS Estimates for Concho Resources Lifted by Analyst (CXO)
www.americanbankingnews.com - April 25 at 7:01 AM |
| Concho Resources (CXO) Given a $217.00 Price Target by Stephens Analysts
www.americanbankingnews.com - April 24 at 7:30 PM |
| First Week of December 21st Options Trading For Concho Resources (CXO)
www.nasdaq.com - April 24 at 5:24 PM |
| Concho Resources' (CXO) Buy Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - April 24 at 8:02 AM |
| Concho Resources (CXO) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 24 at 6:35 AM |
| KeyCorp Reiterates Buy Rating for Concho Resources (CXO)
www.americanbankingnews.com - April 23 at 8:12 AM |
| Concho Resources (CXO) to Post Q1 2018 Earnings of $0.74 Per Share, Piper Jaffray Forecasts
www.americanbankingnews.com - April 20 at 7:26 AM |
| 5 Companies to Watch as Oil Prices Rebound
www.prnewswire.com - April 19 at 8:32 AM |
| 5 Likely Winners Of The Next Oil Boom
finance.yahoo.com - April 19 at 8:32 AM |
Concho Resources (NYSE:CXO) SEC Filings
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Concho Resources (NYSE:CXO) Income Statement, Balance Sheet and Cash Flow Statement
Concho Resources (NYSE CXO) Stock Chart for Wednesday, May, 23, 2018
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