NYSE:CXOConcho Resources Stock Price, Forecast & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CXO shares have increased by 9.5% and is now trading at $50.71. View which stocks have been mosted impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Concho Resources.

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Concho Resources.

Concho Resources Inc (NYSE:CXO) released its earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.03 earnings per share for the quarter, topping the 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 positive return on equity of 3.38% and a negative net margin of 15.35%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. View Concho Resources' earnings history.

Concho Resources declared a quarterly dividend on Tuesday, February 18th. Investors 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 yield of 1.58%. The ex-dividend date is Thursday, February 27th. This is an increase from Concho Resources's previous quarterly dividend of $0.13. View Concho Resources' dividend history.

22 analysts have issued 1-year price targets for Concho Resources' shares. Their forecasts range from $38.00 to $188.00. On average, they anticipate Concho Resources' share price to reach $94.05 in the next year. This suggests a possible upside of 85.5% from the stock's current price. View analysts' price targets for Concho Resources.

Headlines about CXO stock have trended very negative this week, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Concho Resources earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutConcho Resources.

Concho Resources saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,687,500 shares, an increase of 18.6% from the February 27th total of 6,480,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the short-interest ratio is currently 3.6 days. Approximately 4.0% of the shares of the stock are sold short. View Concho Resources' Current Options Chain.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Devon Energy (DVN), Noble Energy (NBL), Marathon Oil (MRO), EQT (EQT), Apache (APA), Cimarex Energy (XEC), WPX Energy (WPX), Comstock Resources (CRK) and Southwestern Energy (SWN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), EOG Resources (EOG), NVIDIA (NVDA), Chevron (CVX), Gilead Sciences (GILD), Occidental Petroleum (OXY), Pioneer Natural Resources (PXD) and Cisco Systems (CSCO).

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

Concho Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%) and IBM Retirement Fund (0.00%). 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.

CXO stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and IBM Retirement Fund. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of CXO stock can currently be purchased for approximately $50.71.

Concho Resources has a market capitalization of $9.98 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.

The official website for Concho Resources is http://www.concho.com/.

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]