What analysts are targeting for Concho Resources
Let’s take a look at the high, low, average, and median analyst target prices for Concho Resources (CXO). CXO’s high target price stands at $210. Its low target price is $100, and its median target price is ~$136.
Concho Resources’ stock price on July 21, 2016, was $121.56. Compared to its current level, Concho Resources’ consensus target price of $136 indicates a return of ~12% over the next 12 months.
In comparison, Concho Resources’ peer Oasis Petroleum (OAS) and Newfield Exploration (NFX) have implied returns of 31% and 13%, respectively, over the next 12 months from median analyst targets. These companies make up 6.2% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).