Concho Resources (CXO) Given Daily Coverage Optimism Rating of 0.20

News headlines about Concho Resources (NYSE:CXO) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Concho Resources earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the oil and natural gas company an impact score of 46.5047537449657 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have weighed in on CXO shares. BMO Capital Markets reiterated a “buy” rating and set a $180.00 target price on shares of Concho Resources in a research report on Thursday, June 22nd. BidaskClub upgraded shares of Concho Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $192.00 target price on shares of Concho Resources in a research report on Friday, July 14th. Citigroup Inc. cut their target price on shares of Concho Resources from $168.00 to $166.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. Finally, Scotiabank set a $125.00 price objective on shares of Concho Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Concho Resources currently has an average rating of “Buy” and an average target price of $150.94.

Concho Resources (NYSE:CXO) opened at 133.27 on Tuesday. The company has a 50 day moving average of $124.40 and a 200 day moving average of $124.27. Concho Resources has a 52 week low of $106.73 and a 52 week high of $147.55. The stock has a market capitalization of $19.66 billion, a P/E ratio of 30.93 and a beta of 1.13.

Concho Resources (NYSE:CXO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Concho Resources had a return on equity of 2.76% and a net margin of 29.32%. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $626.09 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. Equities analysts expect that Concho Resources will post $1.61 EPS for the current fiscal year.

In other Concho Resources news, VP E Joseph Wright sold 16,696 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $114.84, for a total transaction of $1,917,368.64. Following the sale, the vice president now owns 132,388 shares in the company, valued at approximately $15,203,437.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.99% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Concho Resources (CXO) Given Daily Coverage Optimism Rating of 0.20” was published by BBNS and is the sole property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://baseballnewssource.com/markets/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-concho-resources-cxo-stock-price/1698682.html.

About Concho Resources

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.

Insider Buying and Selling by Quarter for Concho Resources (NYSE:CXO)

Receive News & Ratings for Concho Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concho Resources Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.