Concho Resources PT Raised to $160.00 at Citigroup Inc. (CXO)

Share on StockTwits

Research analysts at Citigroup Inc. raised their price target on shares of Concho Resources (NYSE:CXO) from $130.00 to $160.00 in a report released on Wednesday, ARN reports. Citigroup Inc.’s price objective indicates a potential upside of 21.22% from the company’s current price.

Concho Resources (NYSE:CXO) opened at 131.99 on Wednesday. Concho Resources has a one year low of $79.10 and a one year high of $135.35. The stock’s 50-day moving average is $128.2 and its 200-day moving average is $113.0. The company has a market cap of $13.711 billion and a price-to-earnings ratio of 54.39.

Concho Resources (NYSE:CXO) last released its earnings data on Monday, May 12th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.04. The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $629.78 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 40.0% on a year-over-year basis. Analysts expect that Concho Resources will post $4.54 EPS for the current fiscal year.

CXO has been the subject of a number of other recent research reports. Analysts at KLR Group raised their price target on shares of Concho Resources from $6.00 to $156.00 in a research note on Tuesday. Separately, analysts at Deutsche Bank raised their price target on shares of Concho Resources from $137.00 to $140.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at UBS AG reiterated a “hold” rating on shares of Concho Resources in a research note on Tuesday. They now have a $135.00 price target on the stock, up previously from $125.00. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Concho Resources has a consensus rating of “Buy” and an average target price of $139.05.

Concho Resources Inc(NYSE:CXO) is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Sprint Profit is Its First Since 2007
Sprint Profit is Its First Since 2007
Nissan Sales and Profit Rise
Nissan Sales and Profit Rise
Stanley Black & Decker Exceeds Estimates, Increases Outlook
Stanley Black & Decker Exceeds Estimates, Increases Outlook
Profit at Ford Exceeds Expectations
Profit at Ford Exceeds Expectations
McDonald’s Profit Drops as Sales in U.S. Struggle
McDonald’s Profit Drops as Sales in U.S. Struggle
Power Shifting in Technology Business
Power Shifting in Technology Business


Leave a Reply

 
© 2006-2014 The Legacy. Subscribe