Concho Resources Inc (NYSE:CXO) – Investment analysts at US Capital Advisors issued their FY2020 EPS estimates for shares of Concho Resources in a research report issued to clients and investors on Friday. US Capital Advisors analyst C. Horwitz anticipates that the oil and natural gas company will post earnings of $5.94 per share for the year.
Concho Resources (NYSE:CXO) last issued its earnings results on Tuesday, February 20th. The oil and natural gas company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm had revenue of $780.00 million for the quarter, compared to analysts’ expectations of $720.51 million. Concho Resources had a net margin of 36.97% and a return on equity of 3.61%. The firm’s revenue was up 48.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share.
Shares of Concho Resources (CXO) traded down $0.34 during trading hours on Monday, reaching $150.16. 527,592 shares of the company traded hands, compared to its average volume of 1,261,444. The firm has a market capitalization of $22,390.00, a PE ratio of 40.26, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. Concho Resources has a 52-week low of $106.73 and a 52-week high of $162.91. The company has a current ratio of 0.51, a quick ratio of 0.50 and a debt-to-equity ratio of 0.30.
In other news, Director Ray M. Poage sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $150.87, for a total transaction of $603,480.00. Following the transaction, the director now directly owns 24,799 shares in the company, valued at $3,741,425.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy A. Leach sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chairman now owns 737,837 shares in the company, valued at $109,303,173.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,759 shares of company stock worth $18,948,027. Insiders own 0.99% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CXO. Jennison Associates LLC grew its position in Concho Resources by 10.0% in the 4th quarter. Jennison Associates LLC now owns 6,201,680 shares of the oil and natural gas company’s stock valued at $931,616,000 after buying an additional 561,485 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Concho Resources in the 4th quarter valued at $63,152,000. BlackRock Inc. grew its position in Concho Resources by 4.3% in the 4th quarter. BlackRock Inc. now owns 9,749,957 shares of the oil and natural gas company’s stock valued at $1,464,638,000 after buying an additional 402,681 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Concho Resources by 45.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,213,337 shares of the oil and natural gas company’s stock valued at $159,823,000 after buying an additional 377,438 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in Concho Resources by 3,704.2% in the 4th quarter. OppenheimerFunds Inc. now owns 297,754 shares of the oil and natural gas company’s stock valued at $44,729,000 after buying an additional 289,927 shares during the last quarter. Institutional investors and hedge funds own 95.70% 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.
Receive News & Ratings for Concho Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concho Resources and related companies with MarketBeat.com's FREE daily email newsletter.