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NYSE:CXO

Concho Resources Stock Forecast, Price & News

$60.75
+2.61 (+4.49 %)
(As of 12/3/2020 02:34 PM ET)
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Today's Range
$57.73
Now: $60.75
$61.31
50-Day Range
$41.41
MA: $50.32
$64.53
52-Week Range
$33.13
Now: $60.75
$93.34
Volume180,474 shs
Average Volume2.71 million shs
Market Capitalization$11.93 billion
P/E RatioN/A
Dividend Yield1.41%
Beta1.83
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.
Concho Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP20605P10
Phone432-683-7443
Employees1,453

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$13.62 per share
Book Value$39.67 per share

Profitability

Net Income$-705,000,000.00
Net Margins-294.71%

Miscellaneous

Market Cap$11.93 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$60.75
+2.61 (+4.49 %)
(As of 12/3/2020 02:34 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Concho Resources (NYSE:CXO) Frequently Asked Questions

How has Concho Resources' stock been impacted by Coronavirus (COVID-19)?

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have increased by 29.0% and is now trading at $59.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Concho Resources?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 9 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Concho Resources
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Concho Resources?

Wall Street analysts have given Concho Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Concho Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Concho Resources
.

How were Concho Resources' earnings last quarter?

Concho Resources Inc. (NYSE:CXO) released its quarterly earnings data on Tuesday, October, 27th. The oil and natural gas company reported $1.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.29. The oil and natural gas company earned $834 million during the quarter, compared to analysts' expectations of $926.73 million. Concho Resources had a positive return on equity of 8.15% and a negative net margin of 294.71%.
View Concho Resources' earnings history
.

How often does Concho Resources pay dividends? What is the dividend yield for Concho Resources?

Concho Resources announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.20 per share on Friday, December 18th. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, November 5th.
View Concho Resources' dividend history
.

What price target have analysts set for CXO?

25 brokerages have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $50.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $71.27 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts' price targets for Concho Resources
.

Are investors shorting Concho Resources?

Concho Resources saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 7,000,000 shares, an increase of 32.3% from the October 31st total of 5,290,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the short-interest ratio is currently 2.3 days. Currently, 3.6% of the company's stock are short sold.
View Concho Resources' Short Interest
.

Who are some of Concho Resources' key competitors?

What other stocks do shareholders of Concho Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), The Boeing (BA), Cisco Systems (CSCO), Netflix (NFLX), NVIDIA (NVDA), Devon Energy (DVN), Chevron (CVX) and EOG Resources (EOG).

Who are Concho Resources' key executives?

Concho Resources' management team includes the following people:
  • Mr. Timothy A. Leach, Chairman & CEO (Age 60, Pay $2.47M)
  • Mr. Jack F. Harper, Pres (Age 48, Pay $1.38M)
  • Ms. Brenda R. Schroer, Sr. VP, CFO & Treasurer (Age 44, Pay $831.87k)
  • Mr. C. William Giraud IV, Exec. VP & COO (Age 40, Pay $1.22M)
  • Mr. Travis L. Counts, Sr. VP, Gen. Counsel & Corp. Sec. (Age 42, Pay $870.76k)
  • Mr. Jacob P. Gobar, VP & Chief Accounting Officer (Age 39)
  • Mr. Kang Chen, VP & Chief Information Officer
  • Mr. Scott Kidwell, Sr. VP of Admin. (Age 52)
  • Ms. Megan P. Hays, VP of Investor Relations & Public Affairs
  • Ms. Gayle L. Burleson, Sr. VP of Bus. Devel. & Land (Age 54)

What is Concho Resources' stock symbol?

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

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.36%), State Street Corp (6.19%), Manning & Napier Group LLC (0.89%), Charles Schwab Investment Management Inc. (0.81%), UBS Asset Management Americas Inc. (0.51%) and Point72 Asset Management L.P. (0.51%). Company insiders that own Concho Resources stock include Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, 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
.

Which major investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Morgan Stanley, Arrowstreet Capital Limited Partnership, Squarepoint Ops LLC, First Trust Advisors LP, Paloma Partners Management Co, and New York State Common Retirement Fund. Company insiders that have sold Concho Resources company stock in the last year include Jacob Gobar, and Steven L Beal.
View insider buying and selling activity for Concho Resources
.

Which major investors are buying Concho Resources stock?

CXO stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Great West Life Assurance Co. Can, UBS Asset Management Americas Inc., Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., Carlson Capital L P, JPMorgan Chase & Co., and SIR Capital Management L.P.. 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
.

How do I buy shares of 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.

What is Concho Resources' stock price today?

One share of CXO stock can currently be purchased for approximately $59.73.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $11.73 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.

What is Concho Resources' official website?

The official website for Concho Resources is www.concho.com.

How can I contact Concho Resources?

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]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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