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NYSE:CXOConcho Resources Stock Price, Forecast & News

$52.94
-0.29 (-0.54 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$52.83
Now: $52.94
$56.06
50-Day Range
$47.56
MA: $51.47
$56.15
52-Week Range
$33.13
Now: $52.94
$93.34
Volume2.17 million shs
Average Volume2.64 million shs
Market Capitalization$10.41 billion
P/E RatioN/A
Dividend Yield1.51%
Beta1.82
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.59 billion
Cash Flow$14.66 per share
Book Value$88.46 per share

Profitability

Net Income$-705,000,000.00
Net Margins-256.19%

Miscellaneous

Employees1,453
Market Cap$10.41 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$52.94
-0.29 (-0.54 %)
(As of 08/12/2020 04:00 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 price been impacted by COVID-19?

Concho Resources' stock was trading at $46.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CXO stock has increased by 14.3% and is now trading at $52.94.
View which stocks have been most impacted by COVID-19
.

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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concho Resources in the last year. There are currently 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Concho Resources
.

When is Concho Resources' next earnings date?

Concho Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Concho Resources
.

How were Concho Resources' earnings last quarter?

Concho Resources Inc (NYSE:CXO) posted its earnings results on Wednesday, July, 29th. The oil and natural gas company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.80. The oil and natural gas company earned $474 million during the quarter, compared to the consensus estimate of $892.65 million. Concho Resources had a negative net margin of 256.19% and a positive return on equity of 5.27%. The company's revenue for the quarter was down 57.9% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share.
View Concho Resources' earnings history
.

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

Concho Resources declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.20 per share on Monday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, August 6th.
View Concho Resources' dividend history
.

What price target have analysts set for CXO?

23 Wall Street analysts have issued 12-month target prices for Concho Resources' shares. Their forecasts range from $53.00 to $118.00. On average, they anticipate Concho Resources' share price to reach $80.61 in the next year. This suggests a possible upside of 52.3% from the stock's current price.
View analysts' price targets for Concho Resources
.

Has Concho Resources been receiving favorable news coverage?

News headlines about CXO stock have been trending extremely negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Concho Resources earned a news impact score of -4.1 on InfoTrie's scale. They also gave news articles about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Concho Resources
.

Are investors shorting Concho Resources?

Concho Resources saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,790,000 shares, a drop of 12.2% from the April 30th total of 8,870,000 shares. Based on an average trading volume of 2,950,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.0% of the company's shares 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), Netflix (NFLX), Boeing (BA), NVIDIA (NVDA), Micron Technology (MU), Chevron (CVX), Exxon Mobil (XOM), salesforce.com (CRM), Cisco Systems (CSCO) and EOG Resources (EOG).

Who are Concho Resources' key executives?

Concho Resources' management team includes the following 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

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 Bank of New York Mellon Corp (0.87%), Manning & Napier Group LLC (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Swiss National Bank (0.40%), California Public Employees Retirement System (0.22%) and Victory Capital Management Inc. (0.20%). 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
.

Which institutional investors are selling Concho Resources stock?

CXO stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Prudential Financial Inc., Candriam Luxembourg S.C.A., Edmond DE Rothschild Holding S.A., Whittier Trust Co., Garner Asset Management Corp, New York State Common Retirement Fund, and Aigen Investment Management LP.
View insider buying and selling activity for Concho Resources
.

Which institutional investors are buying Concho Resources stock?

CXO stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Victory Capital Management Inc., Bank of Nova Scotia, Trexquant Investment LP, Alberta Investment Management Corp, NN Investment Partners Holdings N.V., Teza Capital Management LLC, and Macquarie Group Ltd.. 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 $52.94.

How big of a company is Concho Resources?

Concho Resources has a market capitalization of $10.41 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 8/13/2020 by MarketBeat.com Staff

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