About Concho Resources (NYSE:CXO)
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.
Industry, Sector and Symbol
Industry Oil & Gas Exploration and Production
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio41.2052631578947
Forward P/E Ratio84.18
Sales & Book Value
Annual Sales$1.63 billion
Price / Sales14.24
Cash Flow$8.74 per share
Price / Cash17.91
Book Value$52.19 per share
Price / Book3.00
Return on Equity2.92%
Return on Assets1.87%
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) released its quarterly earnings results on Tuesday, October, 31st. The oil and natural gas company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.19. The oil and natural gas company earned $627 million during the quarter, compared to analysts' expectations of $614.12 million. Concho Resources had a return on equity of 2.92% and a net margin of 24.19%. The firm's revenue was up 45.8% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. View Concho Resources' Earnings History.
When will Concho Resources make its next earnings announcement?
Where is Concho Resources' stock going? Where will Concho Resources' stock price be in 2018?
18 equities research analysts have issued 1-year price targets for Concho Resources' stock. Their predictions range from $100.00 to $200.00. On average, they expect Concho Resources' share price to reach $158.18 in the next twelve months. View Analyst Ratings for Concho Resources.
What are Wall Street analysts saying about Concho Resources stock?
Here are some recent quotes from research analysts about Concho Resources stock:
- 1. According to Zacks Investment Research, "Concho Resources' core operations are focused in the prolific Permian basin, providing this large-cap E&P with an enviable acreage of low-risk top-tier assets and a multi-year drilling inventory. While Concho's track record of production growth remains strong, it has been achieved at a competitive cost structure. Concho Resources also maintains a strong balance sheet, while following a prudent investment approach. However, until the uncertainty and volatility in oil prices subside, we see limited upside from current levels and maintain our cautious stance on Concho Resources shares. Service cost inflation and lack of geographical diversification also keep us on the sidelines." (12/29/2017)
- 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)
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include Canadian Natural Resource (CNQ), Williams Partners (WPZ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Devon Energy (DVN), Continental Resources (CLR), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), EQT (EQT), Nexen Energy (NXY), Encana (ECA), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cimarex Energy (XEC), Parsley Energy (PE), Repsol Oil & Gas Canada (TLM) and EQT GP (EQGP).
Who are Concho Resources' key executives?
Concho Resources' management team includes the folowing people:
- Timothy A. Leach, Chairman of the Board, President, Chief Executive Officer (Age 57)
- Jack F. Harper, President, Chief Financial Officer (Age 45)
- Edwin Joseph Wright, Chief Operating Officer, Executive Vice President, Director (Age 57)
- C. William William Giraud, Executive Vice President, Chief Commercial Officer and Corporate Secretary (Age 37)
- 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 (Age 55)
- Erick Nelson, Senior Vice President - Operations and Production
Who owns Concho Resources stock?
Concho Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Schwab Charles Investment Management Inc. (0.35%), Frontier Capital Management Co. LLC (0.18%), National Pension Service (0.11%), Gateway Investment Advisers LLC (0.10%), AMI Asset Management Corp (0.07%) and Bank of Montreal Can (0.05%). 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, Ray M Poage, Steven L Beal and Timothy A Leach. View Institutional Ownership Trends for Concho Resources.
Who sold Concho Resources stock? Who is selling Concho Resources stock?
Concho Resources' stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, AMI Asset Management Corp, Frontier Capital Management Co. LLC, Exxonmobil Investment Management Inc. TX, DnB Asset Management AS and Livforsakringsbolaget Skandia Omsesidigt. Company insiders that have sold Concho Resources company stock in the last year include E Joseph Wright, J Steve Guthrie, Lawrence J Nagy and Ray M Poage. View Insider Buying and Selling for Concho Resources.
Who bought Concho Resources stock? Who is buying Concho Resources stock?
Concho Resources' stock was bought by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., Bank of Montreal Can, National Pension Service, Creative Planning, Greylin Investment Mangement Inc. and Nisa Investment Advisors LLC. View Insider Buying and Selling for Concho Resources.
How do I buy Concho Resources stock?
Shares of Concho Resources 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 Concho Resources stock can currently be purchased for approximately $156.58.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $23.40 billion and generates $1.63 billion in revenue each year. The oil and natural gas company earns $-1,462,440,000.00 in net income (profit) each year or $3.80 on an earnings per share basis. Concho Resources employs 1,085 workers across the globe.
How can I contact Concho Resources?
Concho Resources' mailing address is 600 W Illinois Ave, MIDLAND, TX 79701-4882, United States. The oil and natural gas company can be reached via phone at +1-432-6837443 or via email at [email protected]
MarketBeat Community Rating for Concho Resources (CXO)MarketBeat's community ratings are surveys of what our community members think about Concho Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Concho Resources (NYSE:CXO) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.72||2.72||2.68||2.65|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$158.18||$152.41||$151.59||$155.26|
|Price Target Upside: ||0.57% downside||7.98% upside||14.61% upside||22.06% upside|
Concho Resources (NYSE:CXO) Consensus Price Target History
Concho Resources (NYSE:CXO) Analyst Ratings History
(Data available from 1/18/2016 forward)
Concho Resources (NYSE:CXO) Earnings History and Estimates Chart
Concho Resources (NYSE CXO) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/31/2017||Q3 2017||$0.26||$0.45||$614.12 million||$627.00 million||View||N/A|
|8/2/2017||Q2 2017||$0.43||$0.52||$626.09 million||$567.00 million||View||Listen|
|5/3/2017||Q1 2017||$0.31||$0.49||$607.71 million||$612.00 million||View||Listen|
|2/21/2017||Q416||($0.07)||$0.20||$546.19 million||$524.60 million||View||N/A|
|11/8/2016||Q316||$0.20||$0.32||$69.10 million||$430.55 million||View||Listen|
|8/2/2016||Q216||($0.01)||$0.26||$482.50 million||$396.30 million||View||N/A|
|5/4/2016||Q116||$0.03||($0.05)||$459.60 million||$283.60 million||View||N/A|
|2/24/2016||Q415||$0.04||($0.07)||$529.27 million||$389.15 million||View||Listen|
|11/4/2015||Q315||$0.18||$0.33||$574.86 million||$463.50 million||View||N/A|
|7/29/2015||Q2||$0.26||$0.38||$590.79 million||$537.40 million||View||Listen|
|5/4/2015||Q115||$0.24||$0.36||$527.21 million||$413.50 million||View||N/A|
|2/25/2015||Q414||$0.85||$0.88||$682.56 million||$594.22 million||View||Listen|
|11/5/2014||Q314||$0.92||$1.09||$708.20 million||$700.30 million||View||Listen|
|8/6/2014||Q214||$0.97||$1.04||$676.71 million||$704.70 million||View||Listen|
|5/12/2014||Q114||$0.97||$1.01||$629.78 million||$660.96 million||View||Listen|
|2/19/2014||Q413||$1.07||$0.91||$628.49 million||$632.09 million||View||Listen|
|11/7/2013||Q313||$1.05||$1.06||$597.77 billion||$652.92 billion||View||Listen|
|8/7/2013||Q2 2013||$1.00||$0.98||$559.40 million||$562.79 million||View||Listen|
|5/1/2013||Q1 2013||$0.81||$0.58||$504.75 million||$472.13 million||View||Listen|
|2/20/2013||Q4 2012||$1.01||$0.72||$526.42 million||$477.53 million||View||Listen|
|11/7/2012||Q312||$1.04||$0.96||$509.68 million||$497.55 million||View||N/A|
Concho Resources (NYSE:CXO) Earnings Estimates
2018 EPS Consensus Estimate: $2.80
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Concho Resources (NYSE:CXO)
No dividend announcements for this company have been tracked by MarketBeat.com
Concho Resources (NYSE CXO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.99%
Institutional Ownership Percentage: 94.50%
Concho Resources (NYSE CXO) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/2/2018||Ray M Poage||Director||Sell||4,000||$150.87||$603,480.00||24,799|| |
|8/11/2017||E Joseph Wright||VP||Sell||16,696||$114.84||$1,917,368.64||132,388|| |
|5/17/2017||Lawrence J Nagy||Director||Sell||120,000||$0.27||$32,400.00|
|3/13/2017||J Steve Guthrie||SVP||Sell||6,000||$128.00||$768,000.00||39,810|| |
|1/17/2017||E Joseph Wright||VP||Sell||28,000||$135.15||$3,784,200.00||164,381|| |
|1/13/2017||Adam Robert Travis||Director||Buy||8,000||$0.26||$2,080.00|
|1/3/2017||Timothy A Leach||CEO||Sell||46,150||$135.28||$6,243,172.00||656,263|| |
|11/23/2016||Brenda R Schroer||CAO||Sell||1,800||$138.04||$248,472.00||8,060|| |
|6/6/2016||Steven L Beal||Director||Sell||16,250||$119.75||$1,945,937.50||73,652|| |
|3/16/2016||Darin G Holderness||CFO||Sell||16,813||$105.14||$1,767,718.82||45,551|| |
|3/15/2016||C William Giraud||VP||Sell||10,000||$101.56||$1,015,600.00||62,709|| |
|3/15/2016||Ray M Poage||Director||Sell||1,000||$100.70||$100,700.00||22,053|| |
|3/10/2016||J Steve Guthrie||SVP||Sell||5,000||$96.35||$481,750.00||38,144|| |
|2/17/2016||E Joseph Wright||VP||Sell||36,800||$95.01||$3,496,368.00||155,397|| |
|2/17/2016||Timothy A Leach||CEO||Sell||64,209||$95.16||$6,110,128.44||662,542|| |
|1/29/2016||Timothy A Leach||CEO||Sell||24,791||$95.04||$2,356,136.64||726,751|| |
|12/16/2015||Matthew Glover Hyde||VP||Sell||1,000||$106.70||$106,700.00||44,814|| |
|9/3/2015||Tucker S Bridwell||Director||Sell||2,000||$107.29||$214,580.00||17,473|| |
|7/2/2015||Adam Robert Travis||Director||Buy||8,000||$0.06||$480.00|
|5/27/2015||Steven L Beal||Director||Sell||20,000||$118.85||$2,377,000.00|| |
|3/30/2015||Adam Robert Travis||Director||Buy||10,000||$0.12||$1,200.00|
|3/27/2015||Adam Robert Travis||Director||Buy||8,000||$0.12||$960.00|
|9/4/2014||E Joseph Wright||VP||Sell||36,863||$134.86||$4,971,344.18|| |
|9/3/2014||Matthew Glover Hyde||VP||Sell||37,302||$140.57||$5,243,542.14|| |
|9/2/2014||Timothy A Leach||CEO||Sell||109,330||$139.23||$15,222,015.90|| |
|8/29/2014||Darin G Holderness||CFO||Sell||15,000||$140.00||$2,100,000.00|| |
|8/21/2014||John P Surma||Director||Buy||2,000||$130.00||$260,000.00|| |
|8/20/2014||Gary A Merriman||Director||Buy||2,000||$129.15||$258,300.00|| |
|7/14/2014||C William Giraud||VP||Sell||5,000||$147.65||$738,250.00|| |
|3/4/2014||Timothy Leach||CEO||Sell||50,000||$122.55||$6,127,500.00||821,841|| |
|2/26/2014||Darin Holderness||CFO||Sell||5,000||$119.42||$597,100.00||76,164|| |
|12/3/2013||Steven Beal||Director||Sell||20,000||$104.00||$2,080,000.00||97,939|| |
|5/23/2013||A Wellford Tabor||Director||Buy||2,000||$80.35||$160,700.00|| |
|8/23/2012||Timothy A Leach||CEO||Sell||89,269||$94.02||$8,393,071.38|| |
|8/22/2012||Steven L Beal||Director||Sell||100,000||$94.29||$9,429,000.00|| |
Concho Resources (NYSE CXO) News Headlines
Concho Resources (NYSE:CXO) SEC Filings
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Concho Resources (NYSE:CXO) Income Statement, Balance Sheet and Cash Flow Statement
Concho Resources (NYSE CXO) Stock Chart for Thursday, January, 18, 2018