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Concho Resources Raises Its Guidance following Its 3Q16 Results

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Part 5
Concho Resources Raises Its Guidance following Its 3Q16 Results PART 5 OF 5

What Analysts Recommend for Concho after Its 3Q16 Earnings

Consensus rating for Concho Resources

Approximately 73% of analysts rate Concho Resources (CXO) as a “buy,” and 21% rate it as a “hold.” The remaining ~6% rate it as a “sell.” 

The average broker target price of $152.33 for CXO implies a potential return of ~14% in the next 12 months.

What Analysts Recommend for Concho after Its 3Q16 Earnings

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Analysts’ high, low, and median target prices for Concho Resources are $186, $123, and $152, respectively. CXO is a component of the iShares Global Energy ETF (IXC). IXC invests 0.60% of its portfolio in the company.

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