UP!

CXO $43.71   View long term graphs

Concho Resources Inc.
Type
Public company
Traded as NYSE: CXO
S&P 500 Index component
Industry Petroleum industry
Founded 2004; 13 years ago (2004)
Founder Timothy A. Leach
Headquarters Midland, Texas
Key people
Timothy A. Leach, Chairman & CEO
Jack F. Harper, CFO
Revenue Decrease $1.634 billion (2016)
Net income
Increase -$1.462 billion (2016)
Total assets Decrease $12.119 billion (2016)
Total equity Increase $7.622 billion (2016)
Number of employees
1,085 (2016)
Website www.concho.com

Concho Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Midland, Texas, with operations exclusively in the Permian Basin in west Texas and southeast New Mexico.

As of December 31, 2016, the company had 720 million barrels of oil equivalent (4.4×10 GJ) of estimated proved reserves, of which 56% was petroleum and the remainder was natural gas and natural gas liquids. Of these reserves, 47.5% were in the Delaware Basin.

In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed Timothy A. Leach.

Also in 2004, the company acquired properties from Lowe Management for $117 million.

In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc.

In 2007, the company became a public company via an initial public offering.

In 2008, the company acquired Henry Petroleum for $584 million.

In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion.

In 2012, the company acquired Three Rivers Operating Company for $1 billion.

In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion.

In November 2016, the company acquired assets in the Delaware Basin for $430 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-16 Future report Set alerts
Q3 2020 2020-10-27 Future report Set alerts
Q2 2020 2020-07-29 1.13 -2.23
Q1 2020 2020-04-30 0.72 -47.49
Q4 2019 2020-02-18 1.03 -2.38
Q3 2019 2019-10-29 0.61 2.78
Q2 2019 2019-07-31 0.69 -0.48
Q1 2019 2019-04-30 0.72 -3.49
Q4 2018 2019-02-19 0.94 7.55
Q3 2018 2018-10-30 1.42 -1.05

Ratings

2016-07-06 Reiterated Rating Canaccord Genuity Hold
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-14 Boost Price Target Deutsche Bank Buy $132.00 to $140.00
2016-06-14 Boost Price Target Deutsche Bank AG Buy $132.00 to $140.00
2016-06-13 Upgrade Morgan Stanley Equal Weight to Overweight $83.00 to $173.00
2016-06-07 Upgrade Seaport Global Securities Neutral to Accumulate $140.00
2016-05-16 Boost Price Target Citigroup Inc. Buy $124.00 to $143.00
2016-05-09 Reiterated Rating Canaccord Genuity Hold $96.00 to $95.00
2016-05-08 Reiterated Rating Credit Suisse Buy
2016-05-08 Reiterated Rating Credit Suisse Group AG Buy
2016-04-18 Downgrade Cowen and Company Outperform to Market Perform $109.00 to $114.00
2016-04-07 Boost Price Target Citigroup Inc. Buy $116.00 to $124.00
2016-04-05 Initiated Coverage Canaccord Genuity Hold $95.00
2016-03-31 Reiterated Rating Stifel Nicolaus Buy $109.00 to $120.00
2016-03-24 Reiterated Rating Deutsche Bank Buy
2016-03-23 Boost Price Target Deutsche Bank $115.00 to $125.00
2016-03-15 Boost Price Target KLR Group $110.00
2016-03-02 Boost Price Target Jefferies Group Hold $89.00
2016-02-29 Boost Price Target Barclays Overweight $95.00 to $97.00
2016-02-29 Boost Price Target Barclays PLC Overweight $95.00 to $97.00
2016-02-26 Lower Price Target SunTrust Buy $115.00 to $107.00
2016-02-26 Lower Price Target SunTrust Banks Inc. Buy $115.00 to $107.00
2016-02-03 Boost Price Target Deutsche Bank $104.00 to $110.00
2016-02-02 Lower Price Target JPMorgan Chase & Co. Overweight $123.00 to $106.00
2016-02-01 Upgrade SunTrust Neutral to Buy $115.00
2016-01-28 Reiterated Rating Barclays Overweight $107.00 to $95.00
2016-01-21 Lower Price Target Nomura Buy $131.00 to $109.00
2016-01-21 Lower Price Target Citigroup Inc. $109.00 to $100.00
2016-01-21 Lower Price Target Deutsche Bank Buy $120.00 to $104.00
2016-01-21 Lower Price Target Nomura Holdings Inc. Buy $131.00 to $109.00
2016-01-19 Lower Price Target KLR Group $129.00 to $107.00
2016-01-14 Reiterated Rating Deutsche Bank Buy
2016-01-12 Downgrade Jefferies Group Buy to Hold $88.00
2016-01-11 Upgrade Cowen and Company Market Perform to Outperform $112.00
2016-01-05 Lower Price Target Citigroup Inc. Buy $128.00 to $109.00
2015-12-22 Lower Price Target KeyBanc $110.00
2015-12-22 Lower Price Target KeyCorp $110.00
2015-12-09 Reiterated Rating Deutsche Bank Buy $134.00 to $132.00
2015-12-09 Initiated Coverage Cowen and Company Market Perform
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Overweight $123.00
2015-12-08 Reiterated Rating Mitsubishi UFJ Financial Group Inc Neutral
2015-12-08 Reiterated Rating Mitsubishi UFJ Financial Group Inc. Neutral
2015-12-02 Lower Price Target Jefferies Group Buy $130.00
2015-12-01 Upgrade Raymond James Outperform to Strong-Buy $137.00 to $146.00
2015-12-01 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy $137.00 to $146.00
2015-11-13 Lower Price Target Citigroup Inc. $136.00 to $128.00
2015-11-09 Credit Suisse Focus List to Outperform $135.00
2015-11-06 Boost Price Target Raymond James Outperform $132.00 to $137.00
2015-11-06 Lower Price Target Barclays Overweight $113.00 to $107.00
2015-11-03 Boost Price Target Deutsche Bank $132.00 to $134.00
2015-10-15 Lower Price Target KLR Group $145.00 to $130.00
2015-10-14 Reiterated Rating Barclays Buy $112.00 to $113.00
2015-10-14 Reiterated Rating Deutsche Bank Buy $128.00 to $132.00
2015-10-08 Boost Price Target RBC Capital Outperform $138.00 to $140.00
2015-10-08 Boost Price Target Royal Bank Of Canada Outperform $138.00 to $140.00
2015-10-06 Downgrade SunTrust Buy to Neutral $139.00 to $115.00
2015-09-14 Lower Price Target Citigroup Inc. Buy $148.00 to $141.00
2015-09-11 Lower Price Target Jefferies Group $127.00
2015-09-11 Downgrade Goldman Sachs Buy to Neutral $145.00 to $123.00
2015-09-11 Downgrade Goldman Sachs Group Inc. Buy to Neutral $145.00 to $123.00
2015-09-09 Reiterated Rating Deutsche Bank Buy
2015-09-08 Reiterated Rating Barclays Overweight $110.00 to $112.00
2015-09-02 Reiterated Rating SunTrust Buy
2015-09-01 Boost Price Target SunTrust $131.00 to $139.00
2015-08-24 Lower Price Target Bank of America Buy $143.00 to $135.00
2015-08-24 Lower Price Target Bank of America Corp. Buy $143.00 to $135.00
2015-08-13 Downgrade Global Hunter Securities Buy to Neutral $125.00 to $120.00
2015-08-13 Downgrade Seaport Global Securities Buy to Neutral $125.00 to $120.00
2015-07-22 Upgrade Credit Suisse Neutral to Outperform
2015-07-21 Lower Price Target Global Hunter Securities Buy $150.00 to $125.00
2015-07-21 Lower Price Target Seaport Global Securities Buy $150.00 to $125.00
2015-07-14 Reiterated Rating Barclays Buy
2015-07-14 Reiterated Rating KeyBanc Buy $145.00 to $135.00
2015-07-13 Reiterated Rating Barclays Buy $111.00 to $110.00
2015-07-07 Lower Price Target Jefferies Group $138.00
2015-07-07 Upgrade BMO Capital Markets Top Pick
2015-06-24 Lower Price Target SunTrust Buy $157.00 to $146.00
2015-06-17 Upgrade Citigroup Inc. Neutral to Buy
2015-06-04 Boost Price Target Deutsche Bank Buy $132.00 to $140.00
2015-06-03 Boost Price Target Barclays Overweight $106.00 to $111.00
2015-06-02 Initiated Coverage Evercore Partners Inc. Buy $150.00
2015-06-01 Initiated Coverage Evercore ISI Buy $150.00
2015-05-22 Initiated Coverage GMP Securities Buy $148.00
2015-05-19 Reiterated Rating Goldman Sachs Buy $133.00 to $157.00
2015-05-09 Reiterated Rating KLR Group Accumulate $143.00 to $145.00
2015-05-06 Boost Price Target RBC Capital Outperform $138.00 to $143.00
2015-04-24 Reiterated Rating Jefferies Group Buy $133.00 to $145.00
2015-04-22 Initiated Coverage Nomura Buy $149.00
2015-04-20 Downgrade KLR Group Buy to Accumulate
2015-04-15 Boost Price Target SunTrust Buy $137.00 to $151.00
2015-04-15 Downgrade Macquarie Outperform to Neutral
2015-04-15 Downgrade Goldman Sachs Buy to Neutral
2015-04-09 Boost Price Target Citigroup Inc. Neutral $100.00 to $125.00
2015-04-06 Boost Price Target Deutsche Bank Buy $123.00 to $132.00
2015-03-19 Reiterated Rating Deutsche Bank Buy $120.00 to $123.00
2015-03-03 Boost Price Target Barclays Overweight $104.00 to $106.00
2015-02-17 Initiated Coverage Wolfe Research Outperform $130.00
2015-02-06 Initiated Coverage Jefferies Group Buy
2015-02-03 Upgrade Stifel Nicolaus Hold to Buy
2015-02-03 Downgrade RBC Capital Top Pick to Outperform $130.00 to $138.00
2015-02-02 Lower Price Target Howard Weil Sector Outperform $122.00 to $121.00
2015-01-14 Lower Price Target Barclays Overweight $121.00 to $104.00
2015-01-07 Downgrade Citigroup Inc. Buy to Neutral
2015-01-06 Boost Price Target Wunderlich Hold $81.00 to $89.00
2015-01-06 Reiterated Rating JPMorgan Chase & Co. Hold $99.00 to $102.00
2015-01-06 Reiterated Rating Deutsche Bank Buy $125.00 to $120.00
2015-01-06 Lower Price Target Canaccord Genuity Buy $140.00 to $118.00
2014-12-16 Lower Price Target Barclays Overweight $140.00 to $121.00
2014-12-09 Upgrade Macquarie Neutral to Outperform $143.00 to $113.00
2014-12-08 Reiterated Rating Citigroup Inc. Buy $150.00 to $115.00
2014-11-07 Reiterated Rating Barclays Overweight $152.00 to $140.00
2014-11-06 Reiterated Rating Citigroup Inc. Buy $160.00 to $150.00
2014-11-06 Boost Price Target RBC Capital Outperform $155.00 to $160.00
2014-10-27 Downgrade Stifel Nicolaus Buy to Hold
2014-10-22 Reiterated Rating Wunderlich Hold $137.00 to $103.00
2014-10-09 Reiterated Rating Barclays Overweight $172.00 to $152.00
2014-10-09 Reiterated Rating KeyBanc Buy $160.00 to $150.00
2014-09-08 Lower Price Target Raymond James $172.00 to $169.00
2014-09-02 Boost Price Target Stifel Nicolaus Buy $115.00 to $170.00
2014-08-27 Boost Price Target Canaccord Genuity $174.00 to $179.00
2014-08-12 Initiated Coverage Canaccord Genuity Accumulate to Buy $176.00 to $185.00
2014-08-12 Upgrade KLR Group Accumulate to Buy $9.00 to $185.00
2014-08-11 Upgrade Stephens Equal Weight to Overweight $134.00 to $165.00
2014-08-08 Lower Price Target Barclays $173.00 to $172.00
2014-08-08 Reiterated Rating Raymond James Outperform $177.00 to $172.00
2014-08-08 Downgrade Howard Weil Focus Stock to Sector Outperform
2014-07-23 Boost Price Target Barclays $153.00 to $173.00
2014-07-18 Reiterated Rating Deutsche Bank Buy $140.00 to $162.00
2014-07-11 Boost Price Target SunTrust $159.00 to $175.00
2014-07-10 Boost Price Target Howard Weil Focus Stock $157.00 to $167.00
2014-07-02 Boost Price Target RBC Capital Top Pick $148.00 to $170.00
2014-07-01 Initiated Coverage Canaccord Genuity Buy $163.00
2014-06-19 Boost Price Target SunTrust $151.00 to $159.00
2014-05-23 Boost Price Target Barclays Overweight $140.00 to $153.00
2014-05-14 Boost Price Target Citigroup Inc. Buy $130.00 to $160.00
2014-05-13 Downgrade Wunderlich Buy to Hold $147.00 to $137.00
2014-05-13 Boost Price Target KLR Group $6.00 to $156.00
2014-05-13 Boost Price Target Deutsche Bank Buy $137.00 to $140.00
2014-05-06 Downgrade Societe Generale Buy to Hold $125.00 to $137.00
2014-04-23 Boost Price Target Raymond James $140.00 to $155.00
2014-04-21 Downgrade KLR Group Buy to Accumulate
2014-04-17 Reiterated Rating KeyBanc Buy $140.00
2014-04-02 Boost Price Target SunTrust $149.00 to $151.00
2014-04-01 Boost Price Target Deutsche Bank $135.00 to $137.00
2014-03-28 Boost Price Target Cowen and Company $120.00 to $140.00
2014-02-25 Boost Price Target Ladenburg Thalmann Buy $135.00 to $150.00
2014-02-25 Boost Price Target Imperial Capital $118.00 to $130.00
2014-02-20 Reiterated UBS Neutral $112 to $123
2014-02-20 Reiterated Rating Deutsche Bank Buy $119.00 to $135.00
2014-02-10 Boost Price Target Imperial Capital $116.00 to $118.00
2014-02-07 Boost Price Target BMO Capital Markets $110.00 to $125.00
2014-02-03 Boost Price Target Barclays Overweight $136.00 to $138.00
2014-01-08 Upgrade Howard Weil Outperform to Focus Stock $137.00
2013-12-09 Reiterated Rating Deutsche Bank Buy $130.00 to $119.00
2013-11-26 Boost Price Target Imperial Capital Outperform $111.00 to $116.00
2013-11-19 Reiterated Rating Deutsche Bank Buy $130.00
2013-11-18 Boost Price Target Goldman Sachs Buy $130.00 to $141.00
2013-11-18 Reiterated Rating Citigroup Inc. Buy $120.00 to $130.00
2013-11-11 Upgrade Canaccord Genuity Hold to Buy $101.00 to $130.00
2013-11-11 Boost Price Target Deutsche Bank Buy $125.00 to $130.00
2013-11-08 Boost Price Target Wunderlich Buy $128.00 to $138.00
2013-11-08 Boost Price Target Raymond James Outperform $128.00 to $138.00
2013-11-08 Boost Price Target Howard Weil Sector Outperform $134.00 to $139.00
2013-11-08 Reiterated Rating Barclays Buy $136.00
2013-11-08 Upgrade KLR Group Accumulate to Buy
2013-11-08 Upgrade SunTrust Neutral to Buy $110.00 to $145.00
2013-10-21 Boost Price Target Barclays Overweight $110.00 to $136.00
2013-10-17 Upgrade Iberia Capital Sector Perform to Outperform
2013-10-14 Lower Price Target Raymond James Outperform $129.00 to $128.00
2013-10-10 Boost Price Target Wunderlich Buy $119.00 to $128.00
2013-10-10 Boost Price Target Cowen and Company Outperform $100.00 to $120.00
2013-10-07 Downgrade Stephens Overweight to Equal Weight
2013-10-04 Boost Price Target SunTrust Neutral $52.00 to $58.00
2013-10-02 Reiterated Rating Canaccord Genuity Hold $100.00
2013-10-02 Boost Price Target Societe Generale Buy $110.00 to $125.00
2013-09-23 Boost Price Target Deutsche Bank Buy $120.00 to $125.00
2013-09-10 Initiated Canaccord Genuity Buy $100
2013-05-06 Reiterated Imperial Capital Outperform $108 to $100
2013-03-27 Reiterated Howard Weil Sector Outperform $127 to $134
2013-03-22 Reiterated Deutsche Bank Buy $116 to $120
2016-07-06 Reiterated Rating Canaccord Genuity Hold
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-14 Boost Price Target Deutsche Bank Buy $132.00 to $140.00
2016-06-14 Boost Price Target Deutsche Bank AG Buy $132.00 to $140.00
2016-06-13 Upgrade Morgan Stanley Equal Weight to Overweight $83.00 to $173.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LEACH TIMOTHY A Chairman, CEO and President 0.62%  (701727) CXO /
Keenan W Howard JR 0.34%  (383151) AR / CXO / GMET /
HARPER JACK F Senior VP and Chief of Staff 0.10%  (112185) CXO /
Giraud C William Sr. VP, Gen. Counsel & Secy. 0.10%  (111192) CXO /
Wright E Joseph SVP & Chief Operating Officer 0.07%  (83027) CXO /
BEAL STEVEN L 0.07%  (75548) CXO / FFIN /
Nelson Erick SVP of Ops and Production 0.05%  (62058) CXO /
Hyde Matthew Glover Senior VP of Exploration 0.05%  (60417) CXO /
Guthrie J Steve SVP of Bus Ops and Eng 0.05%  (51513) CXO /
HOLDERNESS DARIN G Senior VP, CFO & Treasurer 0.04%  (45551) CXO / PVA /
EASTER WILLIAM H III 0.03%  (37799) BHI / CXO / DAL / SXL /
Burleson Gayle SVP of Business Development 0.03%  (33755) CXO /
Puckett Mark B 0.02%  (26535) CXO /
Counts Travis SVP, Gen Counsel and Corp Sec 0.02%  (23682) CXO /
BRIDWELL TUCKER S 0.02%  (22267) CXO / FFIN / HK /
Schroer Brenda R VP and CAO 0.02%  (22151) CXO /
POAGE RAY M 0.02%  (20799) CXO /
Moncrief Lee Price SVP of Finance and Strategy 0.02%  (20246) CXO /
Pruett Steven H SVP of Corporate Development 0.02%  (20226) CXO / KEG / LGCY /
Merriman Gary A 0.01%  (15779) CXO /
Tabor A Wellford 0.01%  (14540) CXO /
SURMA JOHN P 0.01%  (10899) CXO / IR / MPC / MPLX / X /
McCormack Don O. VP & Chief Accounting Officer 0.01%  (7418) CXO / EGY / ROSE /

Comments