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Concho Resources Stock Price, News & Analysis (NYSE:CXO)

$62.45
-0.69 (-1.09 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$62.24
Now: $62.45
$64.22
50-Day Range
$61.91
MA: $69.34
$77.54
52-Week Range
$61.37
Now: $62.45
$150.45
Volume1.80 million shs
Average Volume2.20 million shs
Market Capitalization$12.56 billion
P/E Ratio13.61
Dividend Yield0.79%
Beta1.2
Concho Resources, Inc engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP20605P10
Phone432-683-7443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.15 billion
Cash Flow$10.66 per share
Book Value$93.56 per share

Profitability

Net Income$2.29 billion

Miscellaneous

Employees1,503
Market Cap$12.56 billion
Next Earnings Date10/29/2019 (Confirmed)
OptionableOptionable

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

Concho Resources declared a quarterly dividend on Tuesday, July 30th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.125 per share on Monday, September 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, August 8th. View Concho Resources' Dividend History.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) announced its quarterly earnings data on Wednesday, July, 31st. The oil and natural gas company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by $0.05. The oil and natural gas company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Concho Resources had a net margin of 11.63% and a return on equity of 4.12%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. View Concho Resources' Earnings History.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Concho Resources.

How can I listen to Concho Resources' earnings call?

Concho Resources will be holding an earnings conference call on Tuesday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for CXO?

27 brokers have issued 1 year price targets for Concho Resources' shares. Their predictions range from $62.00 to $209.00. On average, they anticipate Concho Resources' stock price to reach $134.80 in the next year. This suggests a possible upside of 115.9% from the stock's current price. View Analyst Price Targets for Concho Resources.

What is the consensus analysts' recommendation for Concho Resources?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 1 sell rating, 5 hold ratings, 19 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Concho Resources.

What are Wall Street analysts saying about Concho Resources stock?

Here are some recent quotes from research analysts about Concho Resources stock:
  • 1. According to Zacks Investment Research, "Concho Resources' core operations are focused in the prolific Permian basin, providing this large-cap E&P with an enviable acreage of low-risk top-tier assets and a multiyear drilling inventory. With the $9.5 billion RSP Permian acquisition, the company has been able to further bolster its scale and leadership position in the region. Moreover, the company decided to initiate a regular quarterly dividend payment of 12.5 cents, which will commence from the first quarter of 2019. Despite all the above-mentioned positives, service cost inflation and lack of geographical diversification keep us on the sidelines. Thus, Concho Resources is expected to have limited upside from current levels and warrants a cautious stance." (11/28/2018)
  • 2. Williams Capital analysts commented, "We reaffirm our Buy and CXO remains one of our Top Picks on the expectaon of connued execuon, large free cash flow generaon and further differenaon from peers." (10/31/2018)

Has Concho Resources been receiving favorable news coverage?

Media coverage about CXO stock has been trending somewhat negative this week, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave news coverage 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 impact on the stock's share price in the near future. View News Stories for Concho Resources.

Are investors shorting Concho Resources?

Concho Resources saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 6,370,000 shares, a decrease of 7.4% from the August 30th total of 6,880,000 shares. Based on an average daily trading volume, of 2,750,000 shares, the short-interest ratio is currently 2.3 days. Approximately 3.2% of the shares of the company are short sold. View Concho Resources' Current Options Chain.

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), Micron Technology (MU), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Baidu (BIDU), EOG Resources (EOG), Chevron (CVX), Diamondback Energy (fang) and Gilead Sciences (GILD).

Who are Concho Resources' key executives?

Concho Resources' management team includes the folowing people:
  • Tim Leach, Chairman & Chief Executive Officer
  • Jack F. Harper, President
  • Will Giraud, Chief Operating Officer & Executive Vice President
  • Brenda R. Schroer, Chief Financial Officer, Treasurer & Senior VP
  • Kang Chen, Chief Information Officer & Vice President

Who are Concho Resources' major shareholders?

Concho Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.19%), Viking Fund Management LLC (0.05%), CIBC Private Wealth Group LLC (0.05%), State of Alaska Department of Revenue (0.04%), Commerzbank Aktiengesellschaft FI (0.03%) and Miller Howard Investments Inc. NY (0.02%). Company insiders that own Concho Resources stock include Brenda R Schroer, E Joseph Wright, Erick Nelson, Gary A Merriman, Jack F Harper, Lee Price Moncrief, Mark B Puckett, Ray M Poage, 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 Nisa Investment Advisors LLC, Gateway Investment Advisers LLC, Envestnet Asset Management Inc., Tributary Capital Management LLC, CIBC Private Wealth Group LLC, Hexavest Inc., Crossmark Global Holdings Inc. and Valeo Financial Advisors LLC. Company insiders that have sold Concho Resources company stock in the last year include Scott Kidwell, Steven D Gray, Steven L Beal and Timothy A Leach. View Insider Buying and Selling 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 of Alaska Department of Revenue, Viking Fund Management LLC, Assenagon Asset Management S.A., Fox Run Management L.L.C., Boenning & Scattergood Inc., DNB Asset Management AS, Pacer Advisors Inc. and Sippican Capital Advisors. 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 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 $62.45.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $12.56 billion and generates $4.15 billion in revenue each year. The oil and natural gas company earns $2.29 billion in net income (profit) each year or $4.59 on an earnings per share basis. Concho Resources employs 1,503 workers across the globe.View Additional Information About Concho Resources.

What is Concho Resources' official website?

The official website for Concho Resources is http://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]


MarketBeat Community Rating for Concho Resources (NYSE CXO)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,018 (Vote Outperform)
Underperform Votes:  671 (Vote Underperform)
Total Votes:  1,689
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.
This page was last updated on 10/19/2019 by MarketBeat.com Staff

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