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.
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.”