Concho Resources (NYSE:CXO) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Shares of Concho Resources (NYSE CXO) opened at $146.52 on Friday. 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 fifty-two week low of $106.73 and a fifty-two week high of $162.91. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.32.
Several equities research analysts have recently weighed in on CXO shares. Morgan Stanley increased their price objective on Concho Resources from $155.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus set a $195.00 price objective on Concho Resources and gave the company a “buy” rating in a report on Monday, January 29th. BMO Capital Markets reissued a “buy” rating and issued a $200.00 price objective on shares of Concho Resources in a report on Sunday, January 14th. Zacks Investment Research downgraded Concho Resources from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, KLR Group downgraded Concho Resources from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a report on Thursday, December 21st. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $168.55.
In other Concho Resources news, Director Ray M. Poage sold 4,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $150.87, for a total value of $603,480.00. Following the completion of the transaction, the director now owns 24,799 shares in the company, valued at $3,741,425.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP E Joseph Wright sold 83,759 shares of the stock in a transaction on Tuesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $23,614,666.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,759 shares of company stock valued at $18,948,027. Corporate 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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