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 southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:CXO
CUSIP20605P10
Phone432-683-7443
Debt
Debt-to-Equity Ratio0.24
Current Ratio0.65
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio60.94
Forward P/E Ratio28.88
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.59 billion
Price / Sales7.34
Cash Flow$10.0283 per share
Price / Cash12.70
Book Value$59.96 per share
Price / Book2.12
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$956 million
Net Margins39.06%
Return on Equity4.34%
Return on Assets2.83%
Miscellaneous
Employees1,203
Outstanding Shares149,070,000
Concho Resources (NYSE:CXO) Frequently Asked Questions
What is Concho Resources' stock symbol?
Concho Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXO."
How were Concho Resources' earnings last quarter?
Concho Resources Inc (NYSE:CXO) posted its quarterly earnings results on Tuesday, May, 1st. The oil and natural gas company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. The oil and natural gas company had revenue of $947 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. View Concho Resources' Earnings History.
When is Concho Resources' next earnings date?
What price target have analysts set for CXO?
22 analysts have issued 1 year target prices for Concho Resources' shares. Their predictions range from $130.00 to $217.00. On average, they anticipate Concho Resources' share price to reach $173.00 in the next twelve months. View Analyst Ratings for Concho Resources.
Who are some of Concho Resources' key competitors?
Some companies that are related to Concho Resources include CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/RED PFD sh (PBR.A), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR), Sasol (SSL) and Devon Energy (DVN).
Who are Concho Resources' key executives?
Concho Resources' management team includes the folowing people:
- Mr. Timothy A. Leach, Chairman & CEO (Age 58)
- Mr. Jack F. Harper, Pres & CFO (Age 46)
- Mr. E. Joseph Wright, Exec. VP, COO & Director (Age 58)
- Mr. C. William Giraud IV, Exec. VP (Age 38)
- Mr. J. Steve Guthrie, Sr. VP of Bus. Operations & Engineering (Age 56)
Has Concho Resources been receiving favorable news coverage?
News coverage about CXO stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.07 on Accern's scale. They also assigned news stories about the oil and natural gas company an impact score of 46.21 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Concho Resources' major shareholders?
Concho Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.64%), JPMorgan Chase & Co. (3.03%), JPMORGAN CHASE & COMPANY (2.30%), Artisan Partners Limited Partnership (1.27%), Northern Trust Corp (1.17%) and Dimensional Fund Advisors LP (0.96%). 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.
Which major investors are selling Concho Resources stock?
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.
Which major investors are buying Concho Resources stock?
CXO stock was purchased 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Concho Resources' stock price today?
One share of CXO stock can currently be purchased for approximately $127.36.
How big of a company is Concho Resources?
Concho Resources has a market capitalization of $18.55 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.
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]
MarketBeat Community Rating for Concho Resources (CXO)
MarketBeat's community ratings are surveys of what our community members think about Concho Resources and other stocks. Vote "Outperform" if you believe CXO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CXO will underperform the S&P 500 over the long term. You may vote once every thirty days.
