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NYSE:CXO

Concho Resources Stock Forecast, Price & News

$65.60
0.00 (0.00 %)
(As of 01/27/2021 12:00 AM ET)
Add
Compare
Today's Range
$64.60
Now: $65.60
$69.12
50-Day Range
$56.77
MA: $62.43
$69.80
52-Week Range
$33.13
Now: $65.60
$91.06
Volume7.16 million shs
Average Volume3.61 million shs
Market Capitalization$12.88 billion
P/E RatioN/A
Dividend Yield1.22%
Beta1.98
As of January 15, 2021, Concho Resources Inc. was acquired by ConocoPhillips. 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 West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.
Concho Resources logo

MarketRank

Overall MarketRank

1.85 out of 5 stars

Oils/Energy Sector

73rd out of 669 stocks

Crude Petroleum & Natural Gas Industry

25th out of 247 stocks

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP20605P10
Phone432-683-7443
Employees1,453
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$14.20 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00
Net Margins-294.71%

Miscellaneous

Market Cap$12.88 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$65.60
0.00 (0.00 %)
(As of 01/27/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 increased by 41.6% and is now trading at $65.60.
View which stocks have been most impacted by COVID-19
.

Is Concho Resources a buy right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 9 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Concho Resources stock.
View analyst ratings for Concho Resources
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Concho Resources?

Wall Street analysts have given Concho Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Concho Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Timothy A. Leach's approval rating as Concho Resources' CEO?

45 employees have rated Concho Resources CEO Timothy A. Leach on Glassdoor.com. Timothy A. Leach has an approval rating of 82% among Concho Resources' employees.

When is Concho Resources' next earnings date?

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

How were Concho Resources' earnings last quarter?

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

How often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?

Concho Resources announced a quarterly dividend on Tuesday, October 27th. Investors 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 1.22%. The ex-dividend date of this dividend is Thursday, November 5th.
View Concho Resources' dividend history
.

Is Concho Resources a good dividend stock?

Concho Resources pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.22%. The dividend payout ratio of Concho Resources is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Concho Resources will have a dividend payout ratio of 18.26% next year. This indicates that Concho Resources will be able to sustain or increase its dividend.
View Concho Resources' dividend history.

What price target have analysts set for CXO?

24 Wall Street analysts have issued 12 month price objectives for Concho Resources' stock. Their forecasts range from $50.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $69.99 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts' price targets for Concho Resources
or view Wall Street analyst' top-rated stocks.

Who are some of Concho Resources' key 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), Intel (INTC), Micron Technology (MU), The Boeing (BA), Cisco Systems (CSCO), Netflix (NFLX), NVIDIA (NVDA), Devon Energy (DVN), Chevron (CVX) and EOG Resources (EOG).

Who are Concho Resources' key executives?

Concho Resources' management team includes the following people:
  • Mr. Timothy A. Leach, Chairman & CEO (Age 61, Pay $2.47M)
  • Mr. Jack F. Harper, Pres (Age 49, Pay $1.38M)
  • Ms. Brenda R. Schroer, Sr. VP, CFO & Treasurer (Age 45, Pay $831.87k)
  • Mr. C. William Giraud IV, Exec. VP & COO (Age 41, Pay $1.22M)
  • Mr. Travis L. Counts, Sr. VP, Gen. Counsel & Corp. Sec. (Age 43, Pay $870.76k)
  • Mr. Jacob P. Gobar, VP & Chief Accounting Officer (Age 40)
  • Mr. Kang Chen, VP & Chief Information Officer
  • Mr. Scott Kidwell, Sr. VP of Admin. (Age 53)
  • Ms. Megan P. Hays, VP of Investor Relations & Public Affairs
  • Ms. Gayle L. Burleson, Sr. VP of Bus. Devel. & Land (Age 55)

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 investors include Manning & Napier Group LLC (0.85%), Retirement Systems of Alabama (0.21%), New York State Teachers Retirement System (0.12%), Candriam Luxembourg S.C.A. (0.06%), Nisa Investment Advisors LLC (0.04%) and State of Alaska Department of Revenue (0.04%). 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 major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Manning & Napier Group LLC, Robeco Institutional Asset Management B.V., Crossmark Global Holdings Inc., Miller Howard Investments Inc. NY, Polianta Ltd, State of Alaska Department of Revenue, and Sippican Capital Advisors. 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
or view top insider-selling stocks.

Which major investors are buying Concho Resources stock?

CXO stock was purchased by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Tuttle Tactical Management, Greylin Investment Mangement Inc., New York State Teachers Retirement System, Usca Ria LLC, IFM Investors Pty Ltd, LexAurum Advisors LLC, and Louisiana State Employees Retirement System. 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
or or view top insider-buying stocks.

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 WeBull, 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 $65.60.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $12.88 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 1/28/2021 by MarketBeat.com Staff

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