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
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNYSE:CXO
Previous Symbol
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.24
Current Ratio0.55
Quick Ratio0.53
Price-To-Earnings
Trailing P/E Ratio57.01
Forward P/E Ratio24.09
P/E Growth0.85
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales9.29
Cash Flow$9.6423 per share
Price / Cash Flow12.44
Book Value$59.96 per share
Price / Book2.00
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins26.92%
Return on Equity6.13%
Return on Assets4.12%
Miscellaneous
Employees1,203
Outstanding Shares200,250,000
Market Cap$24.40 billion
OptionableOptionable
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) issued its quarterly earnings results on Tuesday, October, 30th. The oil and natural gas company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.27. The oil and natural gas company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. Concho Resources had a return on equity of 6.13% and a net margin of 26.92%. The company's revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
26 analysts have issued twelve-month target prices for Concho Resources' stock. Their predictions range from $150.00 to $209.00. On average, they expect Concho Resources' stock price to reach $179.4167 in the next twelve months. This suggests a possible upside of 50.6% from the stock's current price. View Analyst Price Targets for Concho Resources.
What is the consensus analysts' recommendation for Concho Resources?
26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings and 20 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?
Headlines about CXO stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR) and Rwe Ag Sp (RWEOY).
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)
Who are Concho Resources' major shareholders?
Concho Resources' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Capital World Investors (10.98%), Vanguard Group Inc. (10.46%), Capital Research Global Investors (9.38%), BlackRock Inc. (6.63%), Capital International Investors (2.70%) and Jennison Associates LLC (2.66%). Company insiders that own Concho Resources stock include Adam Robert Travis, E Joseph Wright, Erick Nelson, J Steve Guthrie, Lawrence J Nagy, Lee Price Moncrief, Mark B Puckett, 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 Point72 Asset Management L.P., Deutsche Bank AG, Korea Investment CORP, AXA, Mitsubishi UFJ Trust & Banking Corp, Jennison Associates LLC, Dodge & Cox and Dodge & Cox. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Erick Nelson, Lee Price Moncrief, Ray M Poage, Steven L Beal and Timothy A Leach. View Insider Buying and Selling 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 Vanguard Group Inc., Capital International Investors, Capital World Investors, BlackRock Inc., Capital Research Global Investors, JPMorgan Chase & Co., Neuberger Berman Group LLC and FIL Ltd. Company insiders that have bought Concho Resources stock in the last two years include Adam Robert Travis and Mark B Puckett. 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 $119.15.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $24.40 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.
What is Concho Resources' official website?
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)
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.
