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
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.24
Current Ratio0.76
Quick Ratio0.75
Price-To-Earnings
Trailing P/E Ratio42.65
Forward P/E Ratio30.66
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales11.06
Cash Flow$9.7997 per share
Price / Cash14.58
Book Value$59.96 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins34.13%
Return on Equity5.37%
Return on Assets3.54%
Miscellaneous
Employees1,203
Outstanding Shares200,260,000
Market Cap$28.61 billion
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 Inc (NYSE:CXO) issued its quarterly earnings data on Wednesday, August, 1st. The oil and natural gas company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.32. The oil and natural gas company had revenue of $945 million for the quarter, compared to analysts' expectations of $906.82 million. Concho Resources had a net margin of 34.13% and a return on equity of 5.37%. The company's revenue was up 66.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
24 equities research analysts have issued twelve-month price targets for Concho Resources' shares. Their forecasts range from $130.00 to $220.00. On average, they anticipate Concho Resources' share price to reach $177.50 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price. View Analyst Price Targets for Concho Resources.
What is the consensus analysts' recommendation for Concho Resources?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 8 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include CNOOC (CEO), PETROLEO BRASIL/ADR (PBR), ENI (E), EOG Resources (EOG), PETROLEO BRASIL/S (PBR.A), Occidental Petroleum (OXY), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR) and Devon Energy (DVN).
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, Exec. VP (Age 38)
- Mr. J. Steve Guthrie, Sr. VP of Bus. Operations & Engineering (Age 56)
Who are Concho Resources' major shareholders?
Concho Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.69%), Jennison Associates LLC (3.65%), FMR LLC (2.39%), Artisan Partners Limited Partnership (1.31%), Northern Trust Corp (0.94%) and American Century Companies Inc. (1.12%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, E Joseph Wright, Erick Nelson, J Steve Guthrie, Lawrence J Nagy, Lee Price Moncrief, Mark B Puckett, Ray M Poage, Steven L Beal 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 AGF Investments Inc., Victory Capital Management Inc., Jennison Associates LLC, Van ECK Associates Corp, OppenheimerFunds Inc., Commonwealth Bank of Australia, Standard Life Aberdeen plc and Zurich Insurance Group Ltd FI. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, Erick Nelson, Lee Price Moncrief, Ray M Poage, Steven L Beal and Timothy A Leach. View Insider Buying and Selling for Concho Resources.
Which major investors are buying Concho Resources stock?
CXO stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, FMR LLC, Los Angeles Capital Management & Equity Research Inc., Strs Ohio, Voya Investment Management LLC, American Century Companies Inc., PointState Capital LP and Renaissance Technologies LLC. Company insiders that have bought Concho Resources stock in the last two years include Adam Robert Travis and Mark B Puckett. View Insider Buying and Selling for Concho Resources.
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 $142.88.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $28.61 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.
What is Concho Resources' official website?
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]
MarketBeat Community Rating for Concho Resources (NYSE 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.
