Today, a Director at Concho Resources (NYSE: CXO), Mark Puckett, bought shares of CXO for $268.8K.
Following Mark Puckett’s last CXO Buy transaction on June 02, 2011, the stock climbed by 43.8%. Following this transaction Mark Puckett’s holding in the company was increased by 7.54% to a total of $3.86 million.
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Based on Concho Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $945 million and quarterly net profit of $136 million. In comparison, last year the company earned revenue of $567 million and had a net profit of $151 million. CXO’s market cap is $20.19B and the company has a P/E ratio of 17.99. Currently, Concho Resources has an average volume of 1.79M.
36 different firms, including Barclays and Bernstein, currently also have a Buy rating on the stock. Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $186.21, reflecting a -26.7% downside. Starting in July 2018, CXO received 7 Buy ratings in a row.
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Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include New Mexico Shelf, Delaware Basin, Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
