NYSE:CXO - Concho Resources Stock Price, News & Analysis

$76.15
+2.59 (+3.52 %)
(As of 09/16/2019 04:00 PM ET)
Today's Range
$73.95
Now: $76.15
$78.93
50-Day Range
$66.49
MA: $73.77
$98.25
52-Week Range
$63.92
Now: $76.15
$160.81
Volume4.81 million shs
Average Volume2.23 million shs
Market Capitalization$15.31 billion
P/E Ratio16.59
Dividend Yield0.68%
Beta1.24
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.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.15 billion
Cash Flow$11.8984 per share
Book Value$93.56 per share

Profitability

Net Income$2.29 billion

Miscellaneous

Employees1,503
Market Cap$15.31 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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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 often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?

Concho Resources announced a quarterly dividend on Tuesday, July 30th. Stockholders of record on Friday, August 9th will be given a dividend of $0.125 per share on Monday, September 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 8th. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) posted its quarterly earnings data on Wednesday, July, 31st. The oil and natural gas company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by $0.05. The oil and natural gas company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Concho Resources had a return on equity of 4.12% and a net margin of 11.63%. The business's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Concho Resources.

What price target have analysts set for CXO?

27 brokerages have issued 12-month price targets for Concho Resources' shares. Their forecasts range from $68.00 to $209.00. On average, they anticipate Concho Resources' stock price to reach $140.56 in the next year. This suggests a possible upside of 84.6% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation for Concho Resources?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 1 sell rating, 3 hold ratings, 21 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

What are Wall Street analysts saying about Concho Resources stock?

Here are some recent quotes from research analysts about Concho Resources stock:
  • 1. According to Zacks Investment Research, "Concho Resources' core operations are focused in the prolific Permian basin, providing this large-cap E&P with an enviable acreage of low-risk top-tier assets and a multiyear drilling inventory. With the $9.5 billion RSP Permian acquisition, the company has been able to further bolster its scale and leadership position in the region. Moreover, the company decided to initiate a regular quarterly dividend payment of 12.5 cents, which will commence from the first quarter of 2019. Despite all the above-mentioned positives, service cost inflation and lack of geographical diversification keep us on the sidelines. Thus, Concho Resources is expected to have limited upside from current levels and warrants a cautious stance." (11/28/2018)
  • 2. Williams Capital analysts commented, "We reaffirm our Buy and CXO remains one of our Top Picks on the expectaon of connued execuon, large free cash flow generaon and further differenaon from peers." (10/31/2018)

Has Concho Resources been receiving favorable news coverage?

Media coverage about CXO stock has been trending somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing 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 impact score of 0.9 on InfoTrie's scale. They also gave press coverage about the oil and natural gas company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Concho Resources.

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), Boeing (BA), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), Baidu (BIDU), Diamondback Energy (fang), Chevron (CVX), EOG Resources (EOG) and Gilead Sciences (GILD).

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing 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

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.92%), Price T Rowe Associates Inc. MD (10.31%), BlackRock Inc. (6.79%), BlackRock Inc. (6.79%), JPMorgan Chase & Co. (2.46%) and Nuveen Asset Management LLC (1.91%). Company insiders that own Concho Resources stock include Brenda R Schroer, E Joseph Wright, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Scott Kidwell, Steven D Gray, Steven L Beal, Susan J Helms and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.

Which major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Boston Partners, Gateway Investment Advisers LLC, Van ECK Associates Corp, Toronto Dominion Bank, Toronto Dominion Bank, DekaBank Deutsche Girozentrale and Jennison Associates LLC. Company insiders that have sold Concho Resources company stock in the last year include Scott Kidwell, Steven D Gray, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

Which major investors are buying Concho Resources stock?

CXO stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Vanguard Group Inc., Hexavest Inc., Amundi Pioneer Asset Management Inc. and BlackRock Inc.. 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 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 $76.15.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $15.31 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $2.29 billion in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,503 workers across the globe.View Additional Information About Concho Resources.

What is Concho Resources' official website?

The official website for Concho Resources is http://www.concho.com/.

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 (NYSE CXO)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,011 (Vote Outperform)
Underperform Votes:  659 (Vote Underperform)
Total Votes:  1,670
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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