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NYSE:CXO - Concho Resources Stock Price, Forecast & News

$68.56
-2.58 (-3.63 %)
(As of 02/26/2020 04:00 PM ET)
Today's Range
$68.25
Now: $68.56
$72.55
50-Day Range
$71.14
MA: $82.16
$93.11
52-Week Range
$61.37
Now: $68.56
$124.53
Volume2.26 million shs
Average Volume2.02 million shs
Market Capitalization$13.49 billion
P/E RatioN/A
Dividend Yield0.70%
Beta1.46
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.

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP20605P10
Phone432-683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$13.06 per share
Book Value$90.40 per share

Profitability

Net Income$-705,000,000.00

Miscellaneous

Employees1,453
Market Cap$13.49 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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

Concho Resources announced a quarterly dividend on Tuesday, February 18th. Stockholders 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 1.17%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings data on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share for the quarter, topping 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 company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Concho Resources.

What price target have analysts set for CXO?

21 brokers have issued twelve-month price targets for Concho Resources' stock. Their forecasts range from $83.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $111.90 in the next year. This suggests a possible upside of 63.2% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation for Concho Resources?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

Has Concho Resources been receiving favorable news coverage?

News headlines about CXO stock have been trending somewhat negative this week, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a news impact score of -1.2 on InfoTrie's scale. They also gave news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Concho Resources.

Are investors shorting Concho Resources?

Concho Resources saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 6,820,000 shares, a decline of 16.1% from the January 30th total of 8,130,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 4.1 days. Approximately 3.5% of the company's shares are sold short. View Concho Resources' Current Options Chain.

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), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Gilead Sciences (GILD), Micron Technology (MU), Chevron (CVX), Baidu (BIDU), Pioneer Natural Resources (PXD) and Cisco Systems (CSCO).

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing people:
  • Tim Leach, Chairman & Chief Executive Officer
  • Jack F. Harper, President
  • Will Giraud, Chief Operating Officer & Executive Vice President
  • Brenda R. Schroer, Chief Financial Officer, Treasurer & Senior VP
  • Kang Chen, Chief Information Officer & Vice President

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital Research Global Investors (12.23%), Capital International Investors (5.66%), State Street Corp (5.06%), Geode Capital Management LLC (1.58%), Capital World Investors (1.20%) and Bank of New York Mellon Corp (0.95%). Company insiders that own Concho Resources stock include Brenda R Schroer, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, 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 Capital World Investors, FMR LLC, Franklin Resources Inc., Cubist Systematic Strategies LLC, Alyeska Investment Group L.P., Lord Abbett & CO. LLC, Amundi Pioneer Asset Management Inc. and Janus Henderson Group PLC. Company insiders that have sold Concho Resources company stock in the last year include Scott Kidwell, Steven D Gray, 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 bought by a variety of institutional investors in the last quarter, including State Street Corp, Capital Research Global Investors, Marshall Wace North America L.P., Capital International Investors, Waratah Capital Advisors Ltd., Alliancebernstein L.P., National Pension Service and Geode Capital Management LLC. 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 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, Robinhood, Fidelity and Charles Schwab.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $68.56.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $13.49 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]


MarketBeat Community Rating for Concho Resources (NYSE CXO)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,044 (Vote Outperform)
Underperform Votes:  701 (Vote Underperform)
Total Votes:  1,745
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.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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