Media stories about Concho Resources (NYSE:CXO) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. 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 news impact score of 0.15 on Accern’s scale. Accern also gave press coverage about the oil and natural gas company an impact score of 46.6100823017063 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Concho Resources (CXO) traded up $0.41 during mid-day trading on Friday, hitting $138.65. 533,377 shares of the stock were exchanged, compared to its average volume of 1,253,353. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $20,616.70, a price-to-earnings ratio of 83.52 and a beta of 1.09. Concho Resources has a twelve month low of $106.73 and a twelve month high of $147.77.
Concho Resources (NYSE:CXO) last announced its quarterly earnings data on Tuesday, October 31st. The oil and natural gas company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.19. The business had revenue of $627.00 million for the quarter, compared to analyst estimates of $614.12 million. Concho Resources had a net margin of 24.19% and a return on equity of 2.92%. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. equities analysts predict that Concho Resources will post 1.79 EPS for the current year.
CXO has been the subject of several analyst reports. BidaskClub downgraded shares of Concho Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Barclays PLC dropped their target price on shares of Concho Resources from $125.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Concho Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BMO Capital Markets reaffirmed a “buy” rating on shares of Concho Resources in a research note on Friday, August 11th. Finally, Citigroup Inc. dropped their target price on shares of Concho Resources from $151.00 to $149.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Concho Resources presently has a consensus rating of “Buy” and an average price target of $151.35.
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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