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) posted its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.81 by $0.19. The oil and natural gas company earned $947 million during the quarter, compared to analyst estimates of $808.60 million. Concho Resources had a net margin of 39.06% and a return on equity of 4.34%. The company's quarterly revenue was up 54.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. 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 target prices for Concho Resources' stock. Their predictions range from $130.00 to $217.00. On average, they anticipate Concho Resources' share 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 stories about CXO stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Concho Resources earned a media sentiment score of 0.08 on Accern's scale. They also assigned headlines about the oil and natural gas company an impact score of 45.35 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Concho Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include JPMORGAN CHASE & COMPANY (2.30%), Gateway Investment Advisers LLC (0.14%), Retirement Systems of Alabama (0.13%), Calamos Advisors LLC (0.04%), Bank of Montreal Can (0.04%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%). 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 Bank of Montreal Can, 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 bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Calamos Advisors LLC, 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 $148.06.

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]