In the past 52-week period, shares of Concho Resources Inc. (NYSE:CXO) have moved within the range of $106.73 to $147.55. On the stock’s most recent trading day, the company’s shares ended the regular session at $132.80, which is 10% lower than its 52-week high.
Concho Resources Inc. (CXO) has demonstrated a 20-day simple moving average (SMA) of -0.60%, and a 50-day SMA of 6.98%. This public company’s current market capitalization stands at $19.56 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Concho Resources Inc. (CXO) is Outperform.
Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Concho Resources Inc. (CXO) delivered a 11.46% surprise with its net revenue. Sales reached $0.57 billion during the three-month period, compared to the average analyst estimate of $0.64 billion.
Meanwhile, during the same quarter Concho Resources Inc. (CXO) delivered a 19.93% earnings surprise. Net earnings for the quarter were posted at $0.52 per share, whereas Wall Street had forecast $0.43 per share.
Ownership at Concho Resources Inc. (CXO), According to Most Recent SEC Filings
A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Concho Resources Inc. (CXO) has 0.15 billion shares outstanding currently, 93.29% of which belong to institutional investors. Those institutional holdings amount to $18.37 billion.
Additionally, according to the most recent 13F filing from Concho Resources Inc. (CXO), there were 42 new positions totaling 1,282,791 shares of the company’s stock. There were 56 sold out positions, on the other hand, totaling 3,640,068 shares.
Short, Medium and Long Term Indicators
Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Concho Resources Inc. (CXO) has had a 20-day average volume of 944,565 shares, with an average of 20% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 1,008,186 shares, with an average of 75% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,225,320 shares with 67% of long-term indicators pointing to Buy.