Impact of Brokerage Rating on Concho Resources Inc.(CXO)

Many Concho Resources Inc.(CXO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Concho Resources Inc was Upgraded by Seaport Global Securities to Buy on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, E Joseph Wright (Exec VP & Chief Operating Off) sold 28,000 shares at 135.93 per share price.On Jan 4, 2017, Timothy A Leach (Chairman, CEO and President) sold 46,150 shares at 135.49 per share price.On Nov 25, 2016, Brenda R Schroer (VP, CAO and Treasurer) sold 1,800 shares at 138.04 per share price.

Concho Resources Inc Last issued its quarterly earnings results on Aug 2, 2016. The company reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.20. Analyst had a consensus of $0.06. The company had revenue of $396.30 million for the quarter, compared to analysts expectations of $434.21 million. The companys revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Concho Resources Inc. (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 1.42 by 19 Brokerage Firm. 15 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Concho Resources Inc. (NYSE:CXO) stock has received a short term price target of $ 163.75 from 20 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $15.43. The higher estimate of target price is $184 , while the lower price target estimate is $121

Concho Resources Inc. (NYSE:CXO) rose 1.41% or 2.01 points on Tuesday and made its way into the gainers of the day. After trading began at $142.75 the stock was seen hitting $144.33 as a peak level and $140.86 as the lowest level. The stock ended up at $144.26. The daily volume was measured at 698,107 shares. The 52-week high of the share price is $147.55 and the 52-week low is $86.63. The company has a market cap of $21,069 million.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. The Companys conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of unconventional emerging resource plays.


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