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 (NYSE:CXO) announced its earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.19. The oil and natural gas company had revenue of $947 million for 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%. Concho Resources's revenue was up 54.7% compared to the same quarter last year. During the same quarter last year, the business earned $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.

22 Wall Street analysts have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $100.00 to $217.00. On average, they anticipate Concho Resources' stock price to reach $172.00 in the next twelve months. View Analyst Ratings for Concho Resources.

Concho Resources saw a increase in short interest in April. As of April 13th, there was short interest totalling 11,873,452 shares, an increase of 128.8% from the March 30th total of 5,189,272 shares. Based on an average daily volume of 2,948,736 shares, the days-to-cover ratio is currently 4.0 days. Currently, 8.1% of the shares of the company are sold short.

Some companies that are related to Concho Resources include Petroleo Brasileiro SA Petrobras (PBR.A), CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Canadian Natural Resources (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY), Devon Energy (DVN) and Marathon Oil (MRO).

News stories about CXO stock have been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Concho Resources earned a media sentiment score of 0.06 on Accern's scale. They also assigned news headlines about the oil and natural gas company an impact score of 48.60 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Concho Resources' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.64%), JPMorgan Chase & Co. (3.03%), Artisan Partners Limited Partnership (1.27%), Northern Trust Corp (1.17%), Dimensional Fund Advisors LP (0.96%) and American Century Companies Inc. (0.95%). 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, Steven L Beal 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 JPMorgan Chase & Co., Artisan Partners Limited Partnership, State of Wisconsin Investment Board, State of Tennessee Treasury Department, Amundi Pioneer Asset Management Inc., OppenheimerFunds Inc., Swiss National Bank and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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 Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, BlackRock Inc., DekaBank Deutsche Girozentrale, Royal Bank of Canada, Highland Capital Management LP, Franklin Resources Inc. and Banque Pictet & Cie SA. 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 $153.49.

Concho Resources has a market capitalization of $22.88 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]