Concho Resources (CXO) Set to Announce Earnings on Monday
Concho Resources (NYSE:CXO) is scheduled to post its quarterly earnings results on Monday, May 12th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Concho Resources (NYSE:CXO) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.07 by $0.16. The company had revenue of $632.09 million for the quarter, compared to the consensus estimate of $628.49 million. On average, analysts expect Concho Resources to post $4.55 EPS for the current fiscal year and $5.72 EPS for the next fiscal year.
Concho Resources (NYSE:CXO) opened at 133.61 on Friday. Concho Resources has a 52 week low of $79.10 and a 52 week high of $135.35. The stock has a 50-day moving average of $127.1 and a 200-day moving average of $112.. The company has a market cap of $13.879 billion and a P/E ratio of 56.34.
A number of analysts have recently weighed in on CXO shares. Analysts at Societe Generale downgraded shares of Concho Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $137.00 price target on the stock, up previously from $125.00. On the ratings front, analysts at Raymond James raised their price target on shares of Concho Resources from $140.00 to $155.00 in a research note on Wednesday, April 23rd. Finally, analysts at KLR Group downgraded shares of Concho Resources from a “buy” rating to an “accumulate” rating in a research note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $135.67.
Concho Resources Inc(NYSE:CXO) is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.
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