News articles about Concho Resources (NYSE:CXO) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concho Resources earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 46.165140982126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Cardinal Health, Inc. (CAH), Concho Resources, Inc. (CXO) – 10,000 Couples (10thousandcouples.com)
- Whiting Petroleum’s 4Q17 and Fiscal 2017 Earnings: What to Expect (finance.yahoo.com)
- Concho Resources (CXO) to Release Earnings on Tuesday (americanbankingnews.com)
- Concho Resources Inc (CXO) Chairman and CEO Timothy A Leach Sold $5.9 million of Shares (finance.yahoo.com)
- FY2017 Earnings Estimate for Concho Resources Inc (CXO) Issued By Capital One Financial (americanbankingnews.com)
Several equities research analysts have commented on the company. Zacks Investment Research downgraded Concho Resources from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Credit Suisse Group initiated coverage on Concho Resources in a research report on Monday, December 11th. They set a “neutral” rating and a $136.00 price objective for the company. KLR Group cut Concho Resources to a “hold” rating and set a $154.00 price objective for the company. in a research report on Wednesday, December 27th. KeyCorp set a $150.00 price target on Concho Resources and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada set a $167.00 price target on Concho Resources and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Concho Resources presently has an average rating of “Buy” and a consensus target price of $168.55.
In other Concho Resources news, VP E Joseph Wright sold 83,759 shares of Concho Resources stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $148.27, for a total transaction of $12,418,946.93. Following the completion of the sale, the vice president now owns 159,268 shares of the company’s stock, valued at approximately $23,614,666.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy A. Leach sold 40,000 shares of Concho Resources stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $148.14, for a total value of $5,925,600.00. Following the sale, the chairman now directly owns 737,837 shares of the company’s stock, valued at approximately $109,303,173.18. The disclosure for this sale can be found here. Insiders sold a total of 127,759 shares of company stock valued at $18,948,027 in the last three months. Insiders own 0.99% of the company’s stock.
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About Concho Resources
Concho Resources Inc is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company’s four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf.
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