NYSE:CXO Concho Resources Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Concho Resources Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $45.60 -0.65 (-1.41 %) (As of 09/22/2020 12:00 AM ET) Add Compare Share Today's Range$45.44Now: $45.60▼$47.1950-Day Range$45.31MA: $49.97▼$53.2352-Week Range$33.13Now: $45.60▼$93.34Volume1.76 million shsAverage Volume2.50 million shsMarket Capitalization$8.97 billionP/E RatioN/ADividend Yield1.73%Beta1.86 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.5 Analyst's Opinion Consensus RatingConcho Resources has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 20 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.05, Concho Resources has a forecasted upside of 71.2% from its current price of $45.60.Amount of Analyst CoverageConcho Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesConcho Resources has received 1,086 “outperform” votes. (Add your “outperform” vote.)Underperform VotesConcho Resources has received 731 “underperform” votes. (Add your “underperform” vote.)Community SentimentConcho Resources has received 59.77% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldConcho Resources pays a meaningful dividend of 1.73%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConcho Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Concho Resources is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Concho Resources will have a dividend payout ratio of 25.00% next year. This indicates that Concho Resources will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Concho Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $104,701.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of Concho Resources is held by insiders.Percentage Held by Institutions90.60% of the stock of Concho Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Concho Resources are expected to decrease by -21.95% in the coming year, from $4.10 to $3.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Concho Resources is -0.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Concho Resources is -0.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioConcho Resources has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioConcho Resources has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.5Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.44 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:CXO Previous Symbol CUSIP20605P10 CIK1358071 Webwww.concho.com Phone432-683-7443Debt Debt-to-Equity Ratio0.50 Current Ratio1.80 Quick Ratio1.76Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio11.12 P/E Growth0.96 Sales & Book Value Annual Sales$4.59 billion Price / Sales1.95 Cash Flow$13.78 per share Price / Cash Flow3.31 Book Value$88.46 per share Price / Book0.52Profitability EPS (Most Recent Fiscal Year)$3.05 Net Income$-705,000,000.00 Net Margins-256.19% Return on Equity5.27% Return on Assets3.59%Miscellaneous Employees1,453 Outstanding Shares196,707,000Market Cap$8.97 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $45.60 -0.65 (-1.41 %) (As of 09/22/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CXO News and Ratings via Email Sign-up to receive the latest news and ratings for CXO and its competitors with MarketBeat's FREE daily newsletter. Concho Resources (NYSE:CXO) Frequently Asked Questions How has Concho Resources' stock price been impacted by COVID-19? Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CXO stock has decreased by 1.6% and is now trading at $45.60. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Concho Resources? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 2 hold ratings and 20 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 Tuesday, November 3rd 2020. View our earnings forecast for Concho Resources. How were Concho Resources' earnings last quarter? Concho Resources Inc (NYSE:CXO) posted its quarterly earnings results on Wednesday, July, 29th. The oil and natural gas company reported $1.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.33 by $0.80. The oil and natural gas company had revenue of $474 million for the quarter, compared to analysts' expectations of $892.65 million. Concho Resources had a positive return on equity of 5.27% and a negative net margin of 256.19%. Concho Resources's quarterly revenue was down 57.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 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, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, August 6th. View Concho Resources' dividend history. What price target have analysts set for CXO? 22 analysts have issued twelve-month price objectives for Concho Resources' stock. Their forecasts range from $53.00 to $118.00. On average, they expect Concho Resources' share price to reach $78.05 in the next year. This suggests a possible upside of 71.2% from the stock's current price. View analysts' price targets for Concho Resources. Who are some of Concho Resources' key competitors? 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), Apache (APA), Noble Energy (NBL), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL). View all 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), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), EOG Resources (EOG), QUALCOMM (QCOM) and Broadcom (AVGO). Who are Concho Resources' key executives? Concho Resources' management team includes the following people: Tim Leach, Chairman & Chief Executive OfficerJack F. Harper, PresidentWill Giraud, Chief Operating Officer & Executive Vice PresidentBrenda R. Schroer, Chief Financial Officer, Treasurer & Senior VPKang 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.41%), Nuveen Asset Management LLC (1.25%), Point72 Asset Management L.P. (1.13%), Bank of New York Mellon Corp (0.87%), Manning & Napier Group LLC (0.83%) and Charles Schwab Investment Management Inc. (0.62%). Company insiders that own Concho Resources stock include Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, 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 Vanguard Group Inc., Bank of New York Mellon Corp, FMR LLC, Balyasny Asset Management LLC, Prudential Financial Inc., TD Asset Management Inc., Candriam Luxembourg S.C.A., and Edmond DE Rothschild Holding S.A.. Company insiders that have sold Concho Resources company stock in the last year include Jacob Gobar, and Steven L Beal. View insider buying and selling activity for Concho Resources. Which institutional investors are buying Concho Resources stock? CXO stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Manning & Napier Group LLC, Nuveen Asset Management LLC, Holocene Advisors LP, Marshall Wace North America L.P., Two Sigma Advisers LP, Encompass Capital Advisors LLC, and Alyeska Investment Group L.P.. 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 $45.60. How big of a company is Concho Resources? Concho Resources has a market capitalization of $8.97 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 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] This page was last updated on 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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