NYSE:CXOConcho Resources Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Concho Resources Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $48.35 +0.57 (+1.19 %) (As of 04/6/2020 09:49 AM ET) Add Compare Share Today's Range$47.21Now: $48.35▼$48.8650-Day Range$36.00MA: $58.06▼$82.4552-Week Range$33.13Now: $48.35▼$124.53Volume44,799 shsAverage Volume4.14 million shsMarket Capitalization$9.51 billionP/E RatioN/ADividend Yield1.67%Beta1.74 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingConcho Resources has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 16 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $94.05, Concho Resources has a potential upside of 94.5% from its current price of $48.35.Amount of Analyst CoverageConcho Resources has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesConcho Resources has received 1,064 “outperform” votes. (Add your “outperform” vote.)Underperform VotesConcho Resources has received 721 “underperform” votes. (Add your “underperform” vote.)Community SentimentConcho Resources has received 59.61% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipConcho Resources is a leading dividend payer. It pays a dividend yield of 1.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthConcho Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Concho Resources is 26.23 %. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Concho Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.10% of the stock of Concho Resources is held by insiders.Percentage Held by Institutions95.59% of the stock of Concho Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Concho Resources are expected to decrease by -106.16% in the coming year, from $1.46 to ($0.09) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Concho Resources is -13.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Concho Resources is -13.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioConcho Resources has a PEG Ratio of 7.45. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioConcho Resources has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.30 out of 5 stars 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 CIK1358071 Webhttp://www.concho.com/ Phone432-683-7443Debt Debt-to-Equity Ratio0.22 Current Ratio0.89 Quick Ratio0.87Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio33.12 P/E Growth7.45 Sales & Book Value Annual Sales$4.59 billion Price / Sales2.07 Cash Flow$14.39 per share Price / Cash Flow3.36 Book Value$88.46 per share Price / Book0.55Profitability EPS (Most Recent Fiscal Year)$3.05 Net Income$-705,000,000.00 Net Margins-15.35% Return on Equity3.38% Return on Assets2.38%Miscellaneous Employees1,453 Outstanding Shares196,710,000Market Cap$9.51 billion Next Earnings Date5/5/2020 (Estimated) OptionableOptionable Receive CXO News and Ratings via Email Sign-up to receive the latest news and ratings for CXO and its competitors with MarketBeat's FREE daily newsletter. CXO Rates by TradingView Concho Resources (NYSE:CXO) Frequently Asked Questions How has Concho Resources' stock been impacted by COVID-19 (Coronavirus)? Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have increased by 4.4% and is now trading at $48.35. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Concho Resources? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Concho Resources. When is Concho Resources' next earnings date? Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Concho Resources. How were Concho Resources' earnings last quarter? Concho Resources Inc (NYSE:CXO) released its quarterly earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.24. The oil and natural gas company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.17 billion. Concho Resources had a negative net margin of 15.35% and a positive return on equity of 3.38%. The business's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. 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, February 18th. Investors of record on Friday, February 28th will be paid a dividend of $0.20 per share on Friday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' dividend history. What price target have analysts set for CXO? 22 brokers have issued twelve-month price targets for Concho Resources' stock. Their forecasts range from $38.00 to $188.00. On average, they anticipate Concho Resources' stock price to reach $94.05 in the next year. This suggests a possible upside of 94.5% from the stock's current price. View analysts' price targets for Concho Resources. Has Concho Resources been receiving favorable news coverage? Press coverage about CXO stock has trended very negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Concho Resources earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned 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 near future. View the latest news aboutConcho Resources. Are investors shorting Concho Resources? Concho Resources saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,687,500 shares, an increase of 18.6% from the February 27th total of 6,480,000 shares. Based on an average daily volume of 2,110,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 4.0% of the company's shares are sold short. View Concho Resources' Current Options Chain. Who are some of Concho Resources' key competitors? 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), Devon Energy (DVN), Noble Energy (NBL), Marathon Oil (MRO), EQT (EQT), Apache (APA), Cimarex Energy (XEC), WPX Energy (WPX), Comstock Resources (CRK) and Southwestern Energy (SWN). 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), Netflix (NFLX), Boeing (BA), EOG Resources (EOG), Gilead Sciences (GILD), Micron Technology (MU), NVIDIA (NVDA), Chevron (CVX), Occidental Petroleum (OXY) and Pioneer Natural Resources (PXD). Who are Concho Resources' key executives? Concho Resources' management team includes the following people: Tim Leach, Chairman & Chief Executive OfficerJack F. Harper, PresidentWill Giraud, Chief Operating Officer & Executive Vice PresidentBrenda R. Schroer, Chief Financial Officer, Treasurer & Senior VPKang Chen, Chief Information Officer & Vice President What is Concho Resources' stock symbol? Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO." 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, Robinhood, Fidelity, and Charles Schwab. What is Concho Resources' stock price today? One share of CXO stock can currently be purchased for approximately $48.35. How big of a company is Concho Resources? Concho Resources has a market capitalization of $9.51 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. View additional information about Concho Resources. What is Concho Resources' official website? The official website for Concho Resources is http://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 4/6/2020 by MarketBeat.com StaffFeatured Article: P/E Growth (PEG)
