Concho Resources Stock Forecast, Price & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have increased by 29.0% and is now trading at $59.73.
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25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 9 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Concho Resources or view MarketBeat's top 5 stock picks.

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Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Concho Resources.

Concho Resources Inc. (NYSE:CXO) released its quarterly earnings data on Tuesday, October, 27th. The oil and natural gas company reported $1.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.29. The oil and natural gas company earned $834 million during the quarter, compared to analysts' expectations of $926.73 million. Concho Resources had a positive return on equity of 8.15% and a negative net margin of 294.71%.
View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.20 per share on Friday, December 18th. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, November 5th.
View Concho Resources' dividend history.

25 brokerages have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $50.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $71.27 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts' price targets for Concho Resources.

Concho Resources saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 7,000,000 shares, an increase of 32.3% from the October 31st total of 5,290,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the short-interest ratio is currently 2.3 days. Currently, 3.6% of the company's stock are short sold.
View Concho Resources' Short Interest.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Oasis Petroleum (OAS), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Devon Energy (DVN), Continental Resources (CLR), Apache (APA), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), EQT (EQT), Range Resources (RRC) and Southwestern Energy (SWN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), The Boeing (BA), Cisco Systems (CSCO), Netflix (NFLX), NVIDIA (NVDA), Devon Energy (DVN), Chevron (CVX) and EOG Resources (EOG).

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

Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.36%), State Street Corp (6.19%), Manning & Napier Group LLC (0.89%), Charles Schwab Investment Management Inc. (0.81%), UBS Asset Management Americas Inc. (0.51%) and Point72 Asset Management L.P. (0.51%). 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.

CXO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Morgan Stanley, Arrowstreet Capital Limited Partnership, Squarepoint Ops LLC, First Trust Advisors LP, Paloma Partners Management Co, and New York State Common Retirement Fund. 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.

CXO stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Great West Life Assurance Co. Can, UBS Asset Management Americas Inc., Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., Carlson Capital L P, JPMorgan Chase & Co., and SIR Capital Management 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.

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 $59.73.

Concho Resources has a market capitalization of $11.73 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]