Concho Resources Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Concho Resources stock.
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Concho Resources Inc. (NYSE:CXO) announced its quarterly earnings data on Tuesday, October, 27th. The oil and natural gas company reported $1.43 EPS for the quarter, beating the Zacks' 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 trailing twelve-month return on equity of 8.15% and a negative net margin of 294.71%.
View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.20 per share on Friday, December 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 5th.
View Concho Resources' dividend history.

Concho Resources pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.22%. The dividend payout ratio of Concho Resources is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Concho Resources will have a dividend payout ratio of 18.26% next year. This indicates that Concho Resources will be able to sustain or increase its dividend.
View Concho Resources' dividend history.

17 brokerages have issued twelve-month target prices for Concho Resources' shares. Their forecasts range from $50.00 to $79.00. On average, they anticipate Concho Resources' share price to reach $65.38 in the next year. This suggests that the stock has a possible downside of 0.3%.
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45 employees have rated Concho Resources CEO Timothy A. Leach on Glassdoor.com. Timothy A. Leach has an approval rating of 82% among Concho Resources' employees.

Some companies that are related to Concho Resources include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Devon Energy (DVN), Diamondback Energy (FANG), Continental Resources (CLR), Marathon Oil (MRO), Cimarex Energy (XEC), Cabot Oil & Gas (COG), EQT (EQT), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), Southwestern Energy (SWN) and SM Energy (SM).
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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).

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

One share of CXO stock can currently be purchased for approximately $65.60.

Concho Resources has a market capitalization of $12.88 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.

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

Concho Resources is headquartered at 600 WEST ILLINOIS AVENUE, MIDLAND TX, 79701.

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]