Concho Resources (NYSE:CXO) is set to issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Concho Resources (NYSE:CXO) opened at $146.52 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.66 and a quick ratio of 0.66. Concho Resources has a 1 year low of $106.73 and a 1 year high of $162.91. The firm has a market capitalization of $21,790.00, a price-to-earnings ratio of 38.56 and a beta of 1.00.
In related news, VP E Joseph Wright sold 83,759 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $148.27, for a total transaction of $12,418,946.93. Following the sale, the vice president now directly owns 159,268 shares in the company, valued at approximately $23,614,666.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $148.14, for a total value of $5,925,600.00. Following the sale, 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 quarter, insiders have sold 127,759 shares of company stock worth $18,948,027. 0.99% of the stock is currently owned by corporate insiders.
CXO has been the topic of several research analyst reports. Cowen reissued a “hold” rating and issued a $145.00 price objective on shares of Concho Resources in a research report on Sunday, October 22nd. SunTrust Banks set a $145.00 price objective on Concho Resources and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Concho Resources from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Monday, November 6th. Barclays boosted their target price on Concho Resources from $144.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, Scotiabank set a $145.00 target price on Concho Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. Nine investment 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 company. The company presently has an average rating of “Buy” and a consensus target price of $168.55.
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About Concho Resources
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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