Concho Resources Inc (NYSE:CXO) – Research analysts at Capital One Financial reduced their FY2017 EPS estimates for Concho Resources in a report issued on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will earn $1.93 per share for the year, down from their prior estimate of $1.97.

CXO has been the subject of several other research reports. Bank of America raised shares of Concho Resources from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Concho Resources in a research report on Sunday, October 22nd. Royal Bank of Canada set a $167.00 price target on shares of Concho Resources and gave the company a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group set a $173.00 price target on shares of Concho Resources and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Concho Resources from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Monday, October 16th. Nine 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. Concho Resources currently has an average rating of “Buy” and an average target price of $168.55.

Shares of Concho Resources (NYSE CXO) opened at $138.98 on Friday. The company has a market cap of $20,500.00, a P/E ratio of 36.57 and a beta of 1.00. Concho Resources has a 52-week low of $106.73 and a 52-week high of $162.91. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

A number of large investors have recently modified their holdings of CXO. Jennison Associates LLC lifted its stake in Concho Resources by 10.0% during the 4th quarter. Jennison Associates LLC now owns 6,201,680 shares of the oil and natural gas company’s stock valued at $931,616,000 after acquiring an additional 561,485 shares in the last quarter. BlackRock Inc. lifted its stake in Concho Resources by 4.3% during the 4th quarter. BlackRock Inc. now owns 9,749,957 shares of the oil and natural gas company’s stock valued at $1,464,638,000 after acquiring an additional 402,681 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Concho Resources by 45.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,213,337 shares of the oil and natural gas company’s stock valued at $159,823,000 after acquiring an additional 377,438 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in Concho Resources by 63.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 708,000 shares of the oil and natural gas company’s stock valued at $93,258,000 after acquiring an additional 275,900 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Concho Resources by 86.4% during the 3rd quarter. State of Tennessee Treasury Department now owns 506,488 shares of the oil and natural gas company’s stock valued at $66,714,000 after acquiring an additional 234,730 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.

In other Concho Resources news, Director Ray M. Poage sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $150.87, for a total transaction of $603,480.00. Following the transaction, the director now directly owns 24,799 shares in the company, valued at approximately $3,741,425.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Timothy A. Leach sold 40,000 shares of the firm’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 transaction, 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 90 days, insiders have sold 127,759 shares of company stock worth $18,948,027. Company insiders own 0.99% of the company’s stock.

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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.

Earnings History and Estimates for Concho Resources (NYSE:CXO)

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