NYSE:CXO - Concho Resources Stock Price, Price Target & More

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

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.19. The oil and natural gas company earned $947 million during the quarter, compared to analysts' expectations of $808.60 million. Concho Resources had a return on equity of 4.34% and a net margin of 39.06%. Concho Resources's revenue was up 54.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Concho Resources.

24 brokerages have issued 12 month price objectives for Concho Resources' stock. Their forecasts range from $130.00 to $217.00. On average, they expect Concho Resources' stock price to reach $172.3043 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Ratings for Concho Resources.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 7 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Concho Resources include CNOOC (CEO), EOG Resources (EOG), PETROLEO BRASIL/ADR (PBR), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/RED PFD sh (PBR.A), Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR) and Devon Energy (DVN).

News articles about CXO stock have trended positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Concho Resources earned a daily sentiment score of 0.28 on Accern's scale. They also gave media stories about the oil and natural gas company an impact score of 45.74 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Concho Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include JPMORGAN CHASE & COMPANY (2.30%), Gateway Investment Advisers LLC (0.14%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), State of Alaska Department of Revenue (0.02%), DnB Asset Management AS (0.01%) and SG Capital Management LLC (0.01%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Ray M Poage 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 Fjarde AP Fonden Fourth Swedish National Pension Fund, Gateway Investment Advisers LLC and Xact Kapitalforvaltning AB. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Ray M Poage and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

CXO stock was purchased by a variety of institutional investors in the last quarter, including SG Capital Management LLC, State of Alaska Department of Revenue, IFM Investors Pty Ltd and DnB Asset Management AS. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $148.08.

Concho Resources has a market capitalization of $22.07 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.

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]