Concho Resources (CXO) Scheduled to Post Earnings on Wednesday
Concho Resources (NYSE:CXO) is scheduled to release its Q214 earnings data on Wednesday, August 6th. Analysts expect Concho Resources to post earnings of $0.97 per share and revenue of $676.71 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Concho Resources (NYSE:CXO) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $629.78 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. On average, analysts expect Concho Resources to post $4.42 EPS for the current fiscal year and $5.78 EPS for the next fiscal year.
Shares of Concho Resources (NYSE:CXO) traded down 3.89% on Tuesday, hitting $135.71. 1,407,246 shares of the company’s stock traded hands. Concho Resources has a 1-year low of $91.75 and a 1-year high of $148.61. The stock has a 50-day moving average of $143.1 and a 200-day moving average of $127.. The company has a market cap of $14.117 billion and a P/E ratio of 47.59.
CXO has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Concho Resources from $153.00 to $173.00 in a research note on Wednesday, July 23rd. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concho Resources in a research note on Friday, July 18th. They now have a $162.00 price target on the stock, up previously from $140.00. Finally, analysts at SunTrust raised their price target on shares of Concho Resources from $159.00 to $175.00 in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $150.06.
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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