Concho Resources (CXO) Set to Announce Quarterly Earnings on Tuesday

Concho Resources (NYSE:CXO) is scheduled to announce its earnings results after the market closes on Tuesday, February 19th. Analysts expect the company to announce earnings of $1.22 per share for the quarter.

CXO stock opened at $116.41 on Tuesday. Concho Resources has a 1-year low of $93.31 and a 1-year high of $163.11. The company has a market capitalization of $22.56 billion, a PE ratio of 55.70, a P/E/G ratio of 0.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.55.

Several equities research analysts have recently weighed in on CXO shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $209.00 price objective on shares of Concho Resources in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Concho Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, October 16th. Williams Capital reiterated a “buy” rating and issued a $200.00 price objective on shares of Concho Resources in a research note on Wednesday, October 31st. JPMorgan Chase & Co. set a $188.00 price objective on Concho Resources and gave the company a “buy” rating in a research note on Monday, October 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $205.00 price target on shares of Concho Resources in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $174.84.

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About Concho Resources

Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent.

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Earnings History for Concho Resources (NYSE:CXO)

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