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Concho Resources Stock in the Next 12 Months

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Feb. 8 2017, Updated 9:07 a.m. ET

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 highest target price is $184. Its lowest target price is $134, and its average target price is ~$161.91.

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Target prices

On February 6, 2017, Concho Resources stock price was $141.58. Compared to its current level, the company’s average target price of $161.91 indicates a return of ~14.0% over the next 12 months.

Concho Resources makes up ~2.1% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

CXO is a key player in the Permian Basin and has been increasing its focus there. The company has also been making use of efficient strategies to maintain balance sheet strength, which is a good way for the stock to ride out recoveries in oil prices.

To find out more, read Which Would You Bet On: Concho, the Permian—or Both?

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