CXO - Concho Resources Inc.

NYSE - NYSE Delayed price. Currency in USD
59.53
+2.91 (+5.14%)
At close: 4:00PM EDT

59.53 0.00 (0.00%)
After hours: 5:09PM EDT

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Previous close56.62
Open56.71
Bid59.17 x 800
Ask59.50 x 800
Day's range56.71 - 59.73
52-week range33.13 - 107.69
Volume2,890,484
Avg. volume2,941,470
Market cap11.71B
Beta (5Y monthly)1.89
PE ratio (TTM)N/A
EPS (TTM)-46.90
Earnings date29 Jul 2020 - 03 Aug 2020
Forward dividend & yield0.80 (1.47%)
Ex-dividend date07 May 2020
1y target est71.83
  • Why Concho Resources (CXO) Stock Might be a Great Pick
    Zacks

    Why Concho Resources (CXO) Stock Might be a Great Pick

    Concho Resources (CXO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Concho Resources Inc. to Present at the Bernstein Strategic Decisions Virtual Conference
    Business Wire

    Concho Resources Inc. to Present at the Bernstein Strategic Decisions Virtual Conference

    Concho Resources Inc. (NYSE: CXO) (the "Company") today announced that Tim Leach, Chairman and Chief Executive Officer, will present at the Bernstein 36th Annual Strategic Decisions Virtual Conference. The presentation will begin at 9:00 AM CT on Thursday, May 28, 2020.

  • Texas Oil Quotas ‘Dead,’ Says Regulator Who Touted Them
    Bloomberg

    Texas Oil Quotas ‘Dead,’ Says Regulator Who Touted Them

    (Bloomberg) -- A lame-duck Texas regulator who proposed mandatory oil-output cuts said the effort is “dead” a day before the biggest U.S. crude-producing state was set to vote on the measure.Texas Railroad Commissioner Ryan Sitton said in an interview on Bloomberg TV that the three-member agency wasn’t prepared to vote on curtailing supplies in a process known as “pro-rationing.” His comments likely mark the end of a month-and-a-half-long saga that divided the shale industry over whether regulators should adopt OPEC-style production caps amid a historic collapse in crude prices.The unprecedented implosion of the entire oil industry has been so swift and severe that American companies have been turning off drilling rigs, demobilizing fracking crews, slashing jobs and shutting wells without the need for a government order. Fracking activity in U.S. fields has slumped 82% in the past seven weeks, while oil drilling is down 52%, according to data compiled by Bloomberg.“At this point we still are not ready to act, and so it’s too late, so there is no proposal to make,” Sitton, one of three Republicans on the commission, said Monday. “I think that pro-ration is now dead.”Exxon, Chevron and ConocoPhillips plan to curb as much as 660,000 barrels a day of combined American output by the end of June. Permian Basin producer Concho Resources Inc. has shut in about 4% to 5% of total output and warned last week that it will likely be forced to curtail even more.“The market forces are stronger than the threat of proration ever was,” said Cye Wagner, chairman of the Texas Alliance of Energy Producers, which was opposed to state quotas. “It would be more harmful to the industry than the market-driven response that’s coming.”Sitton, who lost the primary election for his own seat earlier this year, had been the only member of the Texas Railroad Commission -- the state’s chief energy regulator -- to come out in favor of production caps. Chairman Wayne Christian recently stated his opposition to cuts in an opinion piece for the Houston Chronicle, and Commissioner Christi Craddick had expressed numerous concerns during the agency’s most recent meeting.Among oil companies, Pioneer Natural Resources Co. and Parsley Energy Inc., founded by a father and his son, had been the biggest champions of instituting mandated cuts.But Exxon Mobil Corp. and Chevron Corp., along with a long list of independent producers, had argued that the market was already driving curtailments and that it was best for the government to stay out of it. The chief executive officer of Enterprise Products Partners LP even went so far as to say that quota-supporting producers were simply trying to skirt contractual obligations.$1,000 PenaltySitton’s proposal called for a 20% cutback in the state’s output, conditional on other states and nations making similar moves. The measure would have penalized producers who exceeded quotas to the tune of $1,000 a barrel. But Christian and Craddick both said they feared legal repercussions that would make such an effort ineffective.“I may be the only lawyer in the group, but I guarantee you this is going to the courthouse,” Craddick said last month.While the debate over production caps may be sidelined in Texas, other states are still considering whether such a response is warranted. Oklahoma is scheduled to discuss quotas on May 11 and North Dakota will take up the issue on May 20. Still, those efforts are likely a long shot without Texas on board.(Updates with Oklahoma, North Dakota meetings in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Here's Why We're Wary Of Buying Concho Resources Inc.'s (NYSE:CXO) For Its Upcoming Dividend
    Simply Wall St.

    Here's Why We're Wary Of Buying Concho Resources Inc.'s (NYSE:CXO) For Its Upcoming Dividend

    It looks like Concho Resources Inc. (NYSE:CXO) is about to go ex-dividend in the next 2 days. If you purchase the...

  • Concho Resources Inc (CXO) Q1 2020 Earnings Call Transcript
    Motley Fool

    Concho Resources Inc (CXO) Q1 2020 Earnings Call Transcript

    CXO earnings call for the period ending March 31, 2020.

  • A Rare Week Of Optimism For Oil
    Oilprice.com

    A Rare Week Of Optimism For Oil

    Oil markets are on course to see their first weekly gain in over a month as the OPEC+ production cut comes into effect and a wave of shut-ins hit the shale patch

  • Concho Resources Inc. Reports First-Quarter 2020 Results; Updates 2020 Outlook
    Business Wire

    Concho Resources Inc. Reports First-Quarter 2020 Results; Updates 2020 Outlook

    Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for first-quarter 2020.

  • Concho Resources Inc. Declares Quarterly Dividend
    Business Wire

    Concho Resources Inc. Declares Quarterly Dividend

    Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 26, 2020, to stockholders of record at the close of business on May 8, 2020.

  • Concho Resources Inc. Schedules First-Quarter 2020 Results Conference Call for Friday, May 1, 2020
    Business Wire

    Concho Resources Inc. Schedules First-Quarter 2020 Results Conference Call for Friday, May 1, 2020

    Concho Resources Inc. (NYSE: CXO) will host a conference call on Friday, May 1, 2020 at 8:00 AM CT (9:00 AM ET) to discuss first-quarter 2020 financial and operating results. The Company plans to announce first-quarter 2020 results on Thursday, April 30, 2020, after close of trading.

  • Oil Prices Crash Towards $20 Despite Historic Cuts
    Oilprice.com

    Oil Prices Crash Towards $20 Despite Historic Cuts

    Oil prices fell back towards the $20 mark as the largest oil production cut in history failed to assuage oil market fears.

  • Should Concho Resources Inc. (NYSE:CXO) Be Part Of Your Income Portfolio?
    Simply Wall St.

    Should Concho Resources Inc. (NYSE:CXO) Be Part Of Your Income Portfolio?

    Could Concho Resources Inc. (NYSE:CXO) be an attractive dividend share to own for the long haul? Investors are often...

  • Concho Resources Inc. Provides Update to 2020 Capital Program
    Business Wire

    Concho Resources Inc. Provides Update to 2020 Capital Program

    Within the context of a dynamic environment and a substantial decrease in oil and natural gas prices, Concho Resources Inc. (NYSE: CXO) is prioritizing its strong balance sheet and capital returns to shareholders. The Company has reduced its 2020 capital program to approximately $2 billion from the $2.6 to $2.8 billion range previously announced. The revised capital range is approximately 25% lower than the Company’s prior capital spending expectations for the year.

  • Concho Resources Inc. Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    Concho Resources Inc. Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

    It's been a good week for Concho Resources Inc. (NYSE:CXO) shareholders, because the company has just released its...

  • Is a Beat Likely for Concho Resources (CXO) in Q4 Earnings?
    Zacks

    Is a Beat Likely for Concho Resources (CXO) in Q4 Earnings?

    Concho Resources' (CXO) two major areas of interest that are output growth and oil price realizations are boosting investors' sentiments on the stock this earnings season.

  • A Closer Look At Concho Resources Inc.'s (NYSE:CXO) Uninspiring ROE
    Simply Wall St.

    A Closer Look At Concho Resources Inc.'s (NYSE:CXO) Uninspiring ROE

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Earnings Estimates Rising for Concho Resources (CXO): Will It Gain?
    Zacks

    Earnings Estimates Rising for Concho Resources (CXO): Will It Gain?

    Concho Resources (CXO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • A Look At The Intrinsic Value Of Concho Resources Inc. (NYSE:CXO)
    Simply Wall St.

    A Look At The Intrinsic Value Of Concho Resources Inc. (NYSE:CXO)

    Does the January share price for Concho Resources Inc. (NYSE:CXO) reflect what it's really worth? Today, we will...

  • The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

  • More Upside Awaits Oil in 2020: Shale Drillers to Gain
    Zacks

    More Upside Awaits Oil in 2020: Shale Drillers to Gain

    The phase-one trade deal, likely to be signed by the first week of January, has improved the outlook for global energy demand.

  • The Concho Resources (NYSE:CXO) Share Price Is Down 46% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The Concho Resources (NYSE:CXO) Share Price Is Down 46% So Some Shareholders Are Getting Worried

    As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...

  • Zacks

    Diamondback's (FANG) Q3 Earnings Miss on Weak Gas Prices

    The 2018 purchases of Energen Corporation and Ajax Resources enable Diamondback (FANG) to emerge as a leading Permian Basin oil producer.

  • How Do Concho Resources Inc.’s (NYSE:CXO) Returns On Capital Compare To Peers?
    Simply Wall St.

    How Do Concho Resources Inc.’s (NYSE:CXO) Returns On Capital Compare To Peers?

    Today we are going to look at Concho Resources Inc. (NYSE:CXO) to see whether it might be an attractive investment...

  • Zacks

    Concho (CXO) Q3 Earnings Miss on Weak Prices, Revenue Tops

    Concho Resources' (CXO) average quarterly production of 329,803 barrels of oil equivalent per day (Boe/d) surpassed the Zacks Consensus Estimate of 323,541 Boe/d.

  • Magellan (MMP) to Report Q3 Earnings: What's in the Cards?
    Zacks

    Magellan (MMP) to Report Q3 Earnings: What's in the Cards?

    A transporter of gasoline and diesel fuel, Magellan's (MMP) straight-forward fee-based business model makes it less susceptible to volatile commodity prices.