Basic Trading Data for Concho Resources Inc. (CXO)

In the past 52-week period, shares of Concho Resources Inc. (NYSE:CXO) have moved within the range of $106.73 to $151.02. On the stock’s most recent trading day, the company’s shares ended the regular session at $151.77, which is -0.5% lower than its 52-week high.

Concho Resources Inc. (CXO) has demonstrated a 20-day simple moving average (SMA) of 8.60%, and a 50-day SMA of 9.69%. This public company’s current market capitalization stands at $22.39 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for Concho Resources Inc. (CXO) is Outperform.

When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Concho Resources Inc. (CXO) delivered a 1.74% surprise with its net revenue. Sales reached $0.63 billion during the three-month period, compared to the average analyst estimate of $0.62 billion.

Meanwhile, during the same quarter Concho Resources Inc. (CXO) delivered a 69.56% earnings surprise. Net earnings for the quarter were posted at $0.45 per share, whereas Wall Street had forecast $0.27 per share.

Ownership at Concho Resources Inc. (CXO), According to Most Recent SEC Filings

A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. Concho Resources Inc. (CXO) has 0 billion shares outstanding currently, 96.47% of which belong to institutional investors. Those institutional holdings amount to $21.77 billion.

Additionally, according to the most recent 13F filing from Concho Resources Inc. (CXO), there were 30 new positions totaling 2,658,295 shares of the company’s stock. There were 55 sold out positions, on the other hand, totaling 2,425,329 shares.

Short, Medium and Long Term Indicators

Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. Concho Resources Inc. (CXO) has had a 20-day average volume of 1,090,500 shares, with an average of 100% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 1,101,566 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,165,044 shares with 100% of long-term indicators pointing to Buy.