About Concho Resources (NYSE:CXO)
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
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.30%
Current Ratio0.51%
Quick Ratio0.50%
Price-To-Earnings
Trailing P/E Ratio73.97
Forward P/E Ratio40.65
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales8.90
Cash Flow$9.9780 per share
Price / Cash15.48
Book Value$59.96 per share
Price / Book2.58
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins36.97%
Return on Equity3.61%
Return on Assets2.32%
Miscellaneous
Employees1,203
Outstanding Shares149,070,000
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 (NYSE:CXO) issued its quarterly earnings data on Tuesday, February, 20th. The oil and natural gas company reported $0.66 EPS for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.20. The oil and natural gas company had revenue of $780 million for the quarter, compared to analysts' expectations of $720.51 million. Concho Resources had a net margin of 36.97% and a return on equity of 3.61%. The firm's revenue was up 48.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
21 brokers have issued 12-month price objectives for Concho Resources' stock. Their predictions range from $100.00 to $217.00. On average, they expect Concho Resources' stock price to reach $171.15 in the next year. View Analyst Ratings for Concho Resources.
Are investors shorting Concho Resources?
Concho Resources saw a increase in short interest in April. As of April 13th, there was short interest totalling 11,873,452 shares, an increase of 128.8% from the March 30th total of 5,189,272 shares. Based on an average trading volume of 2,948,736 shares, the days-to-cover ratio is currently 4.0 days. Currently, 8.1% of the company's stock are sold short.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include Petroleo Brasileiro SA Petrobras (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY), Devon Energy (DVN) and Noble Energy (NBL).
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, J.D., Exec. VP (Age 38)
- Mr. J. Steve Guthrie, Sr. VP of Bus. Operations and Engineering (Age 56)
Has Concho Resources been receiving favorable news coverage?
Media coverage about CXO stock has trended somewhat negative recently, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Concho Resources earned a coverage optimism score of -0.10 on Accern's scale. They also gave news headlines about the oil and natural gas company an impact score of 47.60 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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 $154.46.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $22.62 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.
How can I contact Concho Resources?
Concho Resources' mailing address is ONE CONCHO CENTER 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 (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.
Concho Resources (NYSE:CXO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
21 Wall Street analysts have issued ratings and price targets for Concho Resources in the last 12 months. Their average twelve-month price target is $171.15, suggesting that the stock has a possible upside of 10.81%. The high price target for CXO is $217.00 and the low price target for CXO is $100.00. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.71 | 2.71 | 2.71 | 2.65 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $171.15 | $170.40 | $163.2353 | $151.2222 |
| Price Target Upside: | 10.81% upside | 16.77% upside | 1.69% upside | 12.76% upside |
Concho Resources (NYSE:CXO) Consensus Price Target History
Concho Resources (NYSE:CXO) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Concho Resources (NYSE:CXO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 95.78%
Concho Resources (NYSE CXO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/6/2018 | E Joseph Wright | VP | Sell | 83,759 | $148.27 | $12,418,946.93 | 159,268 |  |
| 2/6/2018 | Timothy A Leach | Chairman | Sell | 40,000 | $148.14 | $5,925,600.00 | 737,837 | |
| 1/2/2018 | Ray M Poage | Director | Sell | 4,000 | $150.87 | $603,480.00 | 24,799 | |
| 8/11/2017 | E Joseph Wright | VP | Sell | 16,696 | $114.84 | $1,917,368.64 | 132,388 | |
| 5/17/2017 | Lawrence J Nagy | Director | Sell | 120,000 | $0.27 | $32,400.00 | | |
| 3/13/2017 | J Steve Guthrie | SVP | Sell | 6,000 | $128.00 | $768,000.00 | 39,810 | |
| 1/17/2017 | E Joseph Wright | VP | Sell | 28,000 | $135.15 | $3,784,200.00 | 164,381 | |
| 1/13/2017 | Adam Robert Travis | Director | Buy | 8,000 | $0.26 | $2,080.00 | | |
| 1/3/2017 | Timothy A Leach | CEO | Sell | 46,150 | $135.28 | $6,243,172.00 | 656,263 | |
| 11/23/2016 | Brenda R Schroer | CAO | Sell | 1,800 | $138.04 | $248,472.00 | 8,060 | |
| 6/6/2016 | Steven L Beal | Director | Sell | 16,250 | $119.75 | $1,945,937.50 | 73,652 | |
| 3/16/2016 | Darin G Holderness | CFO | Sell | 16,813 | $105.14 | $1,767,718.82 | 45,551 | |
| 3/15/2016 | C William Giraud | VP | Sell | 10,000 | $101.56 | $1,015,600.00 | 62,709 | |
| 3/15/2016 | Ray M Poage | Director | Sell | 1,000 | $100.70 | $100,700.00 | 22,053 | |
| 3/10/2016 | J Steve Guthrie | SVP | Sell | 5,000 | $96.35 | $481,750.00 | 38,144 | |
| 2/17/2016 | E Joseph Wright | VP | Sell | 36,800 | $95.01 | $3,496,368.00 | 155,397 | |
| 2/17/2016 | Timothy A Leach | CEO | Sell | 64,209 | $95.16 | $6,110,128.44 | 662,542 | |
| 1/29/2016 | Timothy A Leach | CEO | Sell | 24,791 | $95.04 | $2,356,136.64 | 726,751 | |
| 12/16/2015 | Matthew Glover Hyde | VP | Sell | 1,000 | $106.70 | $106,700.00 | 44,814 | |
| 9/3/2015 | Tucker S Bridwell | Director | Sell | 2,000 | $107.29 | $214,580.00 | 17,473 | |
| 7/2/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.06 | $480.00 | | |
| 5/27/2015 | Steven L Beal | Director | Sell | 20,000 | $118.85 | $2,377,000.00 | | |
| 3/30/2015 | Adam Robert Travis | Director | Buy | 10,000 | $0.12 | $1,200.00 | | |
| 3/27/2015 | Adam Robert Travis | Director | Buy | 8,000 | $0.12 | $960.00 | | |
| 9/4/2014 | E Joseph Wright | VP | Sell | 36,863 | $134.86 | $4,971,344.18 | | |
| 9/3/2014 | Matthew Glover Hyde | VP | Sell | 37,302 | $140.57 | $5,243,542.14 | | |
| 9/2/2014 | Timothy A Leach | CEO | Sell | 109,330 | $139.23 | $15,222,015.90 | | |
| 8/29/2014 | Darin G Holderness | CFO | Sell | 15,000 | $140.00 | $2,100,000.00 | | |
| 8/21/2014 | John P Surma | Director | Buy | 2,000 | $130.00 | $260,000.00 | | |
| 8/20/2014 | Gary A Merriman | Director | Buy | 2,000 | $129.15 | $258,300.00 | | |
| 7/14/2014 | C William Giraud | VP | Sell | 5,000 | $147.65 | $738,250.00 | | |
| 3/4/2014 | Timothy Leach | CEO | Sell | 50,000 | $122.55 | $6,127,500.00 | 821,841 | |
| 2/26/2014 | Darin Holderness | CFO | Sell | 5,000 | $119.42 | $597,100.00 | 76,164 | |
| 12/3/2013 | Steven Beal | Director | Sell | 20,000 | $104.00 | $2,080,000.00 | 97,939 | |
| 5/23/2013 | A Wellford Tabor | Director | Buy | 2,000 | $80.35 | $160,700.00 | | |
| 8/23/2012 | Timothy A Leach | CEO | Sell | 89,269 | $94.02 | $8,393,071.38 | | |
| 8/22/2012 | Steven L Beal | Director | Sell | 100,000 | $94.29 | $9,429,000.00 | | |
(Data available from 1/1/2013 forward)
Concho Resources (NYSE CXO) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Quotidian Technical Highlights on Selected Oil and Gas Stocks -- Antero Resources, Camber Energy, Cenovus Energy ...
www.prnewswire.com - April 26 at 8:30 AM |
 | Output & Price Gains to Boost Concho's (CXO) Q1 Earnings
www.nasdaq.com - April 26 at 8:30 AM |
 | Output & Price Gains to Boost Concho's (CXO) Q1 Earnings
finance.yahoo.com - April 26 at 8:30 AM |
 | Concho Resources (CXO) Expected to Earn Q1 2018 Earnings of $0.72 Per Share
www.americanbankingnews.com - April 25 at 8:12 AM |
| Q1 2018 EPS Estimates for Concho Resources Lifted by Analyst (CXO)
www.americanbankingnews.com - April 25 at 7:01 AM |
| Concho Resources (CXO) Given a $217.00 Price Target by Stephens Analysts
www.americanbankingnews.com - April 24 at 7:30 PM |
| First Week of December 21st Options Trading For Concho Resources (CXO)
www.nasdaq.com - April 24 at 5:24 PM |
| Concho Resources' (CXO) Buy Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - April 24 at 8:02 AM |
| Concho Resources (CXO) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 24 at 6:35 AM |
| KeyCorp Reiterates Buy Rating for Concho Resources (CXO)
www.americanbankingnews.com - April 23 at 8:12 AM |
| Concho Resources (CXO) to Post Q1 2018 Earnings of $0.74 Per Share, Piper Jaffray Forecasts
www.americanbankingnews.com - April 20 at 7:26 AM |
| 5 Companies to Watch as Oil Prices Rebound
www.prnewswire.com - April 19 at 8:32 AM |
| 5 Likely Winners Of The Next Oil Boom
finance.yahoo.com - April 19 at 8:32 AM |
| Concho Resources to Post FY2018 Earnings of $3.72 Per Share, Piper Jaffray Forecasts (CXO)
www.americanbankingnews.com - April 19 at 7:05 AM |
| Concho Resources to Post FY2019 Earnings of $5.28 Per Share, SunTrust Banks Forecasts (CXO)
www.americanbankingnews.com - April 18 at 8:55 AM |
| Concho Resources (CXO) Raised to "Buy" at BidaskClub
www.americanbankingnews.com - April 17 at 3:39 PM |
| Q1 2018 EPS Estimates for Concho Resources (CXO) Increased by Analyst
www.americanbankingnews.com - April 17 at 6:12 AM |
| Concho Resources (CXO) PT Set at $165.00 by SunTrust Banks
www.americanbankingnews.com - April 16 at 1:19 PM |
| Concho Resources to Post Q1 2018 Earnings of $0.85 Per Share, Capital One Financial Forecasts (CXO)
www.americanbankingnews.com - April 16 at 1:36 AM |
| Concho Resources (CXO) PT Set at $185.00 by Royal Bank of Canada
www.americanbankingnews.com - April 13 at 10:12 AM |
| $804.57 Million in Sales Expected for Concho Resources (CXO) This Quarter
www.americanbankingnews.com - April 13 at 4:06 AM |
| Concho Resources (CXO) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 12 at 9:53 AM |
| Zacks Investment Research Downgrades Concho Resources (CXO) to Sell
www.americanbankingnews.com - April 11 at 7:18 PM |
| Wednesday Sector Leaders: Energy, Consumer Products
www.nasdaq.com - April 11 at 5:14 PM |
| Analysts Expect Concho Resources (CXO) to Announce $0.82 EPS
www.americanbankingnews.com - April 11 at 7:10 AM |
| Stifel Nicolaus Analysts Give Concho Resources (CXO) a $210.00 Price Target
www.americanbankingnews.com - April 10 at 7:31 AM |
 | The Law Offices of Vincent Wong Notifies Investors of an Investigation into RSP Permian, Inc. in Connection with the ...
www.businesswire.com - April 9 at 5:08 PM |
| Concho Resources (CXO) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - April 9 at 1:55 PM |
| Concho Resources (CXO) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 7 at 9:13 AM |
| Here's Why You Should Scoop Up W&T Offshore Stock Right Now
finance.yahoo.com - April 7 at 8:48 AM |
| Eni (E) May Offload Mexican Oilfield Stake to Drive Growth
finance.yahoo.com - April 7 at 8:48 AM |
| Concho Resources (CXO) Price Target Raised to $155.00 at Morgan Stanley
www.americanbankingnews.com - April 6 at 3:01 PM |
 | Concho Resources: A Sign Of Industry Consolidation
seekingalpha.com - April 5 at 5:06 PM |
| U.S. Government Reports Surprise Draw in Crude Stockpiles
finance.yahoo.com - April 5 at 5:06 PM |
 | Comstock (CRK) Unveils Refinancing Plan to Boost Liquidity
www.zacks.com - April 5 at 10:35 AM |
| Research Analysts Offer Predictions for Concho Resources' FY2018 Earnings (CXO)
www.americanbankingnews.com - April 4 at 6:44 AM |
| Q3 2018 Earnings Estimate for Concho Resources Issued By Capital One Financial (CXO)
www.americanbankingnews.com - April 4 at 6:28 AM |
| Oil & Gas Stock Roundup: Concho Strengthens Permian Hold, Tallgrass to Buy MLP
www.zacks.com - April 3 at 5:18 PM |
| Concho Resources to Buy RSP Permian in Largest-Ever Permian Deal
finance.yahoo.com - April 3 at 8:41 AM |
| RSP Permian Buy to Be ‘Immediately Accretive’ to Concho Resources
finance.yahoo.com - April 3 at 8:41 AM |
| Concho Resources and RSP: Largest Drilling Program in the Permian?
finance.yahoo.com - April 3 at 8:41 AM |
| How Concho Resources Expects to Benefit from RSP Permian Deal
finance.yahoo.com - April 3 at 8:41 AM |
| The Concho–RSP Permian Announcement: How the Market Reacted
finance.yahoo.com - April 3 at 8:41 AM |
 | Concho Resources (CXO) PT Raised to $171 at Mitsubishi UFJ
www.streetinsider.com - April 2 at 5:13 PM |
| Energy sector in correction territory
finance.yahoo.com - April 2 at 5:13 PM |
| Free Post Earnings Research Report: Concho’s Quarterly Revenue Surged 49%; Adjusted EPS Zoomed 230%
finance.yahoo.com - April 2 at 9:00 AM |
| INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Regarding Whether the Sale of RSP ...
www.businesswire.com - March 31 at 8:34 AM |
| Concho Resources' (CXO) CEO Tim Leach on Concho Resources Acquisition of RSP Permian (Transcript)
seekingalpha.com - March 30 at 5:17 PM |
 | As shale wells grow longer, buyouts attract hemmed in oil producers
www.reuters.com - March 30 at 5:17 PM |
| Concho Resources (CXO) Lifted to "Buy" at Bank of America
www.americanbankingnews.com - March 30 at 4:32 PM |
Concho Resources (NYSE:CXO) SEC Filings
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Concho Resources (NYSE:CXO) Income Statement, Balance Sheet and Cash Flow Statement
Concho Resources (NYSE CXO) Stock Chart for Thursday, April, 26, 2018
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