Today, a Director at Concho Resources (CXO), Gary Merriman, bought shares of CXO for $139.8K.
Following this transaction Gary Merriman’s holding in the company was increased by 10.14% to a total of $1.45 million. In addition to Gary Merriman, one other CXO executive reported Buy trades in the last month.
See today’s analyst top recommended stocks >>
Based on Concho Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.13 billion and GAAP net loss of $97 million. In comparison, last year the company earned revenue of $945 million and had a net profit of $136 million. CXO’s market cap is $14.09B and the company has a P/E ratio of 26.36. Currently, Concho Resources has an average volume of 6.44M.
Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $127.88, reflecting a 91.9% upside. 11 different firms, including Barclays and Citigroup, currently also have a Buy rating on the stock.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
