NYSE:CXOConcho Resources Stock Price, Forecast & News

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CXO shares have increased by 18.6% and is now trading at $54.94. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 4 hold ratings and 20 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 Wednesday, July 29th 2020. View our earnings forecast for Concho Resources.

Concho Resources Inc (NYSE:CXO) issued its earnings results on Thursday, April, 30th. The oil and natural gas company reported $0.72 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.72. The oil and natural gas company earned $922 million during the quarter, compared to the consensus estimate of $1.06 billion. Concho Resources had a negative net margin of 210.59% and a positive return on equity of 3.89%. Concho Resources's revenue was down 16.5% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. View Concho Resources' earnings history.

Concho Resources announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.20 per share on Friday, June 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, May 7th. View Concho Resources' dividend history.

24 brokerages have issued 1 year target prices for Concho Resources' shares. Their forecasts range from $53.00 to $188.00. On average, they expect Concho Resources' share price to reach $91.13 in the next twelve months. This suggests a possible upside of 65.9% from the stock's current price. View analysts' price targets for Concho Resources.

News stories about CXO stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Concho Resources earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutConcho Resources.

Concho Resources saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,880,000 shares, an increase of 12.4% from the April 15th total of 7,900,000 shares. Based on an average trading volume of 2,900,000 shares, the short-interest ratio is currently 3.1 days. Currently, 4.6% of the company's 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), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Concho Resources investors own include Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Pioneer Natural Resources (PXD), EOG Resources (EOG), Micron Technology (MU), Chevron (CVX), Occidental Petroleum (OXY) and Exxon Mobil (XOM).

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

Concho Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital Research Global Investors (11.79%), BlackRock Inc. (7.30%), Capital International Investors (5.78%), State Street Corp (5.68%), Wellington Management Group LLP (2.58%) and Geode Capital Management LLC (1.65%). 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 sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, JPMorgan Chase & Co., Capital Research Global Investors, Capital World Investors, Franklin Resources Inc., Invesco Ltd., Van ECK Associates Corp, and Alyeska Investment Group L.P.. View insider buying and selling activity for Concho Resources.

CXO stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Wellington Management Group LLP, Bank of New York Mellon Corp, Two Sigma Advisers LP, Balyasny Asset Management LLC, BlackRock Inc., Swiss National Bank, and APG Asset Management N.V.. 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 $54.94.

Concho Resources has a market capitalization of $10.81 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' mailing address is 600 W. 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]