News headlines about Concho Resources (NYSE:CXO) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Concho Resources earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 46.3365160916786 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- What’s in the Offing for Concho (CXO) this Earnings Season? (finance.yahoo.com)
- What's in the Offing for Concho (CXO) this Earnings Season? (finance.yahoo.com)
- Cardinal Health, Inc. (CAH), Concho Resources, Inc. (CXO) – 10,000 Couples (10thousandcouples.com)
- Whiting Petroleum’s 4Q17 and Fiscal 2017 Earnings: What to Expect (finance.yahoo.com)
- Concho Resources (CXO) to Release Earnings on Tuesday (americanbankingnews.com)
Shares of Concho Resources (NYSE:CXO) traded up $0.48 during trading on Friday, hitting $146.52. 1,037,860 shares of the company’s stock were exchanged, compared to its average volume of 1,300,000. The firm has a market capitalization of $21,790.00, a P/E ratio of 38.56 and a beta of 1.00. Concho Resources has a 1-year low of $106.73 and a 1-year high of $162.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.66.
CXO has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Concho Resources from $155.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus set a $195.00 target price on shares of Concho Resources and gave the company a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets restated a “buy” rating and set a $200.00 target price on shares of Concho Resources in a research report on Sunday, January 14th. Zacks Investment Research downgraded shares of Concho Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, KLR Group downgraded shares of Concho Resources from a “buy” rating to a “hold” rating and set a $154.00 target price for the company. in a research report on Thursday, December 21st. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Concho Resources presently has an average rating of “Buy” and a consensus target price of $168.55.
In other Concho Resources news, VP E Joseph Wright sold 83,759 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $148.27, for a total value of $12,418,946.93. Following the completion of the transaction, the vice president now owns 159,268 shares in the company, valued at $23,614,666.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Timothy A. Leach sold 40,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $148.14, for a total transaction of $5,925,600.00. Following the completion of the transaction, the chairman now owns 737,837 shares of the company’s stock, valued at approximately $109,303,173.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,759 shares of company stock valued at $18,948,027. Insiders own 0.99% of the company’s stock.
Concho Resources Company Profile
Concho Resources Inc is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company’s four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf.
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