NYSE:CXOConcho Resources Stock Price, Forecast & News

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 9.5% and is now trading at $50.72. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 5 hold ratings and 19 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 Wednesday, July 29th 2020. View our earnings forecast for Concho Resources.

Concho Resources will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Concho Resources Inc (NYSE:CXO) released its quarterly earnings data on Thursday, April, 30th. The oil and natural gas company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The oil and natural gas company earned $922 million during the quarter, compared to the consensus estimate of $1.06 billion. Concho Resources had a negative net margin of 210.59% and a positive return on equity of 3.89%. The firm's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.20 per share on Friday, June 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, May 7th. View Concho Resources' dividend history.

24 brokerages have issued twelve-month price objectives for Concho Resources' shares. Their forecasts range from $53.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $86.35 in the next twelve months. This suggests a possible upside of 70.2% from the stock's current price. View analysts' price targets for Concho Resources.

Media coverage about CXO stock has trended somewhat negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave news articles about the oil and natural gas company a news buzz of 0.0 out of 10, indicating 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 about Concho Resources.

Concho Resources saw a decline in short interest in June. As of June 30th, there was short interest totaling 6,080,000 shares, a decline of 9.0% from the June 15th total of 6,680,000 shares. Based on an average daily trading volume, of 2,790,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.1% of the shares of the company are sold short. 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), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN). View all competitors.

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).

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

Concho Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.83%), State of Alaska Department of Revenue (0.05%), DNB Asset Management AS (0.01%), Boenning & Scattergood Inc. (0.01%), Envestnet Asset Management Inc. (0.01%) and Polianta Ltd (0.01%). 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.

CXO stock was sold by a variety of institutional investors in the last quarter, including Whittier Trust Co., Whittier Trust Co. of Nevada Inc., and IFM Investors Pty Ltd. View insider buying and selling activity for Concho Resources.

CXO stock was bought by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, State of Alaska Department of Revenue, Polianta Ltd, Sanders Morris Harris LLC, Envestnet Asset Management Inc., NuWave Investment Management LLC, Harel Insurance Investments & Financial Services Ltd., and Gradient Investments LLC. 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.

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 $50.72.

Concho Resources has a market capitalization of $9.98 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.

The official website for Concho Resources is 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]