Today, the Chairman & CEO of Concho Resources (CXO), Timothy Leach, sold shares of CXO for $5.96M.
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Based on Concho Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.1 billion and GAAP net loss of $695 million. In comparison, last year the company earned revenue of $947 million and had a net profit of $829 million. CXO’s market cap is $21.03B and the company has a P/E ratio of 26.65. Currently, Concho Resources has an average volume of 2.6M.
Based on 11 analyst ratings, the analyst consensus is Strong Buy with an average price target of $149.36, reflecting a 36.4% upside.
The insider sentiment on Concho Resources has been negative according to 55 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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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, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
