$1.11 EPS Expected for Concho Resources Inc. (CXO)

October 2, 2018 - By Ellis Scott

Concho Resources Inc. (NYSE:CXO) LogoInvestors sentiment increased to 1.1 in 2018 Q2. Its up 0.12, from 0.98 in 2018Q1. It is positive, as 48 investors sold Concho Resources Inc. shares while 144 reduced holdings. 65 funds opened positions while 146 raised stakes. 153.79 million shares or 7.26% more from 143.38 million shares in 2018Q1 were reported.
Gsa Capital Ptnrs Limited Liability Partnership owns 3,707 shares. 1.08 million were accumulated by Financial Bank Of Ny Mellon Corporation. Morgan Stanley holds 202,681 shares. Canada Pension Plan Invest Board reported 49 shares or 0% of all its holdings. Group One Trading L P holds 0% or 3,697 shares in its portfolio. Commerzbank Aktiengesellschaft Fi accumulated 191,569 shares. 117,640 are held by Fiera Capital. Piedmont Advsr Ltd Liability stated it has 1,746 shares. Toronto Dominion Retail Bank, a Ontario – Canada-based fund reported 96,945 shares. Amer International Inc invested in 54,952 shares or 0.03% of the stock. State Common Retirement Fund reported 0.06% in Concho Resources Inc. (NYSE:CXO). Citadel Advsrs Limited Liability holds 0.06% or 820,243 shares. Brown Brothers Harriman invested 0% of its portfolio in Concho Resources Inc. (NYSE:CXO). Boston Private Wealth Ltd Liability invested in 4,279 shares or 0.02% of the stock. Adams Natural Fund Inc has 1.42% invested in Concho Resources Inc. (NYSE:CXO) for 70,100 shares.

Since July 19, 2018, it had 0 insider buys, and 4 sales for $2.88 million activity. $343,100 worth of Concho Resources Inc. (NYSE:CXO) was sold by BEAL STEVEN L on Thursday, July 19. The insider Moncrief Lee Price sold 4,000 shares worth $559,451. Shares for $506,934 were sold by Burleson Gayle.

Analysts expect Concho Resources Inc. (NYSE:CXO) to report $1.11 EPS on October, 30.They anticipate $0.66 EPS change or 146.67 % from last quarter’s $0.45 EPS. CXO’s profit would be $221.08M giving it 34.34 P/E if the $1.11 EPS is correct. After having $1.24 EPS previously, Concho Resources Inc.’s analysts see -10.48 % EPS growth. The stock decreased 0.89% or $1.37 during the last trading session, reaching $152.47. About 479,787 shares traded. Concho Resources Inc. (NYSE:CXO) has risen 21.27% since October 2, 2017 and is uptrending. It has outperformed by 5.65% the S&P500.

Concho Resources Inc. (NYSE:CXO) Ratings Coverage

Among 19 analysts covering Concho Resources (NYSE:CXO), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Concho Resources had 24 analyst reports since April 9, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, July 18 by Goldman Sachs. RBC Capital Markets maintained Concho Resources Inc. (NYSE:CXO) rating on Friday, April 13. RBC Capital Markets has “Buy” rating and $18500 target. The firm earned “Neutral” rating on Wednesday, May 2 by Credit Suisse. The firm earned “Buy” rating on Tuesday, August 7 by Jefferies. KLR Group upgraded Concho Resources Inc. (NYSE:CXO) on Tuesday, July 24 to “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, September 26 report. The stock has “Buy” rating by Piper Jaffray on Wednesday, April 18. The firm has “Hold” rating given on Monday, April 16 by SunTrust. Stifel Nicolaus maintained it with “Buy” rating and $19600 target in Monday, April 23 report. On Thursday, August 16 the stock rating was maintained by Morgan Stanley with “Equal-Weight”.

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the United States. The company has market cap of $30.37 billion. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. It has a 20.25 P/E ratio. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent.

Concho Resources Inc. (NYSE:CXO) Institutional Positions Chart

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