Concho Resources Company Profile (NYSE:CXO)

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

Concho Resources Inc. (NYSE:CXO) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $612 million for the quarter, compared to analyst estimates of $607.71 million. Concho Resources had a return on equity of 2.44% and a net margin of 10.60%. Concho Resources's quarterly revenue was up 115.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. View Concho Resources' Earnings History.

Concho Resources is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Concho Resources.

23 brokerages have issued 1-year target prices for Concho Resources' stock. Their forecasts range from $100.00 to $192.00. On average, they anticipate Concho Resources' stock price to reach $155.26 in the next year. View Analyst Ratings for Concho Resources.

Here are some recent quotes from research analysts about Concho Resources stock:

• 1. According to Zacks Investment Research, "Considering Concho Resources' service cost inflation and the negative sentiment surrounding oil prices, we have turned bearish on the Permian pure play. With rig prices rising on the back of stronger demand and stiff competition putting upward pressure on service costs, the company's margins are set to suffer. As it is, land prices in the Permian are surging, which will again make drilling costly. Crude's renewed decline will hamper Concho Resources' earnings and cash flows. Lack of geographical diversification also keep us worried. Therefore, ahead of its second-quarter results, we see the company as a risky bet that is best avoided at the moment." (7/19/2017)
• 2. KLR Group analysts commented, "We are increasing our CXO target price $13 to $189 per share due to slightly lower capital intensity, approximately 3% higher oil composition and higher gas price realizations partially offset by higher operating/overhead expense. Our '17 production growth forecast of ~22% is at the midpoint of company guidance (20%-24% growth)." (2/22/2017)
• 3. Stifel Nicolaus analysts commented, "4Q16 EPS/CFPS of $0.20/$2.43 compared to our estimate of ($0.24)/$2.51 and Street consensus of ($0.07)/$2.41. EPS beat our forecast on realized price (1%) and most costs/unit including LOE (-10%) partially offset by production (-2%) and cash G&A (3%) (Figure 1). Production of 164.3 MBoe/d was 1% short of both Street/SF estimates but inline with guidance (164-167 MBoe/d). Volumes increased 7% from 3Q16 and 14% y/y." (2/22/2017)

Some companies that are related to Concho Resources include Canadian Natural Resources Limited (CNQ), Pioneer Natural Resources Company (PXD), Anadarko Petroleum Corporation (APC), Apache Corporation (APA), Devon Energy Corporation (DVN), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), Cimarex Energy Co (XEC), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE) and Newfield Exploration Company (NFX).

Concho Resources' management team includes the folowing people:

• Timothy A. Leach, Chairman of the Board, President, Chief Executive Officer
• Jack F. Harper, President, Chief Financial Officer
• Edwin Joseph Wright, Chief Operating Officer, Executive Vice President, Director
• C. William William Giraud, Executive Vice President, Chief Commercial Officer and Corporate Secretary
• Brenda R. Schroer, Senior Vice President, Chief Accounting Officer, Treasurer
• Travis Counts, Senior Vice President, General Counsel, Corporate Secretary
• Price Moncrief, Senior Vice President of Finance and Strategy
• Gayle Burleson, Senior Vice President - Business Development
• J.Steve Guthrie, Senior Vice President - Business Operations and Engineering
• Erick Nelson, Senior Vice President - Operations and Production

Concho Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.17%), AMF Pensionsforsakring AB (0.15%), APG Asset Management N.V. (0.14%), National Pension Service (0.10%), Chevy Chase Trust Holdings Inc. (0.09%) and AMI Asset Management Corp (0.07%). Company insiders that own Concho Resources stock include Adam Robert Travis, Brenda R Schroer, C William Giraud, Darin G Holderness, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy, Matthew Glover Hyde, Ray M Poage, Steven L Beal, Timothy A Leach and Tucker S Bridwell. View Institutional Ownership Trends for Concho Resources.

Concho Resources' stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Viking Fund Management LLC, AMI Asset Management Corp, Exxonmobil Investment Management Inc. TX, Miller Howard Investments Inc. NY, State of Alaska Department of Revenue, CENTRAL TRUST Co and Hartford Investment Management Co.. Company insiders that have sold Concho Resources stock in the last year include Brenda R Schroer, E Joseph Wright, J Steve Guthrie, Lawrence J Nagy and Timothy A Leach. View Insider Buying and Selling for Concho Resources.

Concho Resources' stock was purchased by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC, APG Asset Management N.V., Rothschild Capital Partners LLC, Hellman Jordan Management Co. Inc. MA and Creative Planning. View Insider Buying and Selling for Concho Resources.

Shares of Concho Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Concho Resources stock can currently be purchased for approximately $131.70.