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What Analysts Are Recommending for Concho Resources

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Analyst ratings for Concho Resources

Approximately 50.0% of the analysts covering Concho Resources (CXO) stock have rated it a “buy,” and 26.5% have rated it a “strong buy.” The remaining 23.5% have rated it a “hold.”

The average broker target price of $149.89 for CXO implies a return of ~16.5% for the stock in the next 12 months.

High and low analyst target prices for Concho Resources are $208 and $100, respectively.

CXO is a component of the iShares US Oil & Gas Exploration & Production (IEO), which invests 3.6% of its portfolio in the company.

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Recent rating changes for CXO stock

On June 30, 2017, the Bank of America downgraded CXO to “neutral.” A few days earlier, Seaport Global downgraded CXO to “neutral.”

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