Recent Investment Analysts’ Ratings Changes for Concho Resources (CXO)

Several analysts have recently updated their ratings and price targets for Concho Resources (NYSE: CXO):

  • 7/14/2017 – Concho Resources had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $192.00 price target on the stock.
  • 7/13/2017 – Concho Resources had its price target lowered by analysts at Citigroup Inc. from $168.00 to $166.00. They now have a “buy” rating on the stock.
  • 7/1/2017 – Concho Resources was given a new $125.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/30/2017 – Concho Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/30/2017 – Concho Resources was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $128.00 price target on the stock, down previously from $155.00.
  • 6/22/2017 – Concho Resources was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/22/2017 – Concho Resources had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $180.00 price target on the stock.
  • 6/21/2017 – Concho Resources was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $100.00 price target on the stock, down previously from $163.00.
  • 6/17/2017 – Concho Resources was given a new $178.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 6/2/2017 – Concho Resources was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/2/2017 – Concho Resources was given a new $164.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.

Concho Resources Inc. (NYSE CXO) traded up 0.99% on Monday, reaching $126.02. 1,202,618 shares of the company’s stock were exchanged. The company has a market capitalization of $18.54 billion, a P/E ratio of 86.73 and a beta of 1.09. The firm has a 50-day moving average price of $124.42 and a 200-day moving average price of $131.22. Concho Resources Inc. has a 1-year low of $112.73 and a 1-year high of $147.55.

Concho Resources (NYSE:CXO) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.18. The company had revenue of $612 million during the quarter, compared to the consensus estimate of $607.71 million. Concho Resources had a net margin of 10.60% and a return on equity of 2.44%. Concho Resources’s quarterly revenue was up 115.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. Equities research analysts expect that Concho Resources Inc. will post $1.60 earnings per share for the current year.

In related news, Director Lawrence J. Nagy sold 120,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $0.27, for a total value of $32,400.00. Company insiders own 1.20% of the company’s stock.

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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