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

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have decreased by 7.5% and is now trading at $42.85. View which stocks have been mosted impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Concho Resources.

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Concho Resources.

Concho Resources Inc (NYSE:CXO) posted its quarterly earnings data on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.24. The oil and natural gas company earned $1.25 billion during the quarter, compared to analyst estimates of $1.17 billion. Concho Resources had a negative net margin of 15.35% and a positive return on equity of 3.38%. The firm's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, February 18th. Investors of record on Friday, February 28th will be paid a dividend of $0.20 per share on Friday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' dividend history.

22 analysts have issued 12 month price targets for Concho Resources' stock. Their forecasts range from $38.00 to $188.00. On average, they expect Concho Resources' share price to reach $95.86 in the next twelve months. This suggests a possible upside of 123.7% from the stock's current price. View analysts' price targets for Concho Resources.

News coverage about CXO stock has been trending positive on Tuesday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring 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 daily sentiment score of 3.0 on InfoTrie's scale. They also gave news stories about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutConcho Resources.

Concho Resources saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,687,500 shares, an increase of 18.6% from the February 27th total of 6,480,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the short-interest ratio is currently 3.6 days. Approximately 4.0% of the company's shares are short sold. View Concho Resources' Current Options Chain.

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), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), Apache (APA), EQT (EQT), Cimarex Energy (XEC), WPX Energy (WPX), SRC Energy (SRCI) and Comstock Resources (CRK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), Micron Technology (MU), NVIDIA (NVDA), EOG Resources (EOG), Pioneer Natural Resources (PXD), Baidu (BIDU), Chevron (CVX) and Cisco Systems (CSCO).

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

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 $42.85.

Concho Resources has a market capitalization of $8.43 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. View additional information about Concho Resources.

The official website for Concho Resources is http://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]