Concho Resources (NYSE:CXO) Analyst Rating Consensus

Concho Resources (NYSE:CXO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.48 by 21 Brokerage Firm. 14 Wall Street Firms have rated the stock as a strong buys. 4 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its rating on Concho Resources (NYSE:CXO). The global brokerage major raises the current price target from $132 per share to $140 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on June 14, 2016.

Concho Resources (NYSE:CXO) should head towards $134.05 per share according to 19 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $105 per share. The higher price estimate target is at $173 according to the Analysts.

Concho Resources (NYSE:CXO) rose 2.53% or 3.1 points on Tuesday and made its way into the gainers of the day. After trading began at $122.07 the stock was seen hitting $125.85 as a peak level and $121.21 as the lowest level. The stock ended up at $125.55. The daily volume was measured at 1,130,165 shares. The 52-week high of the share price is $129.07 and the 52-week low is $69.94. The company has a market cap of $16,516 million.

Shares of Concho Resources, Inc. rose by 2.52% in the last five trading days and 6.61% for the last 4 weeks. Concho Resources, Inc. is up 21.47% in the last 3-month period. Year-to-Date the stock performance stands at 35.2%.

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 Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, where the Company primarily targets the Yeso formation with horizontal and vertical development; Delaware Basin, where it uses horizontal drilling and technology to target the Bone Spring formation (including the Avalon shale and the Bone Spring sands) and the Wolfcamp shale formation, and Texas Permian in the Midland Basin, where it targets the Wolfcamp and Spraberry formations with horizontal and vertical development.

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