Analyst Ratings for Concho Resources Inc. (CXO)

Updated: 2017-07-29

Concho Resources Inc. (NYSE:CXO) was awarded an average rating of Overweight from investment analysts following the stock. CXO had previously received a consensus rating of Overweight a month ago.

34 analysts issued ratings on the stock, where 24 gave CXO a buy rating, 2 issued an overweight rating, 8 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has decreased by 1.

Several price targets were given for CXO by the analysts covering the stock. The highest price target was 208, implying potential capital gains of 59.31 percent. The most pessimistic price target was 100, implying a possible loss of -23.41 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.14 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 22.58 percent. Meanwhile, fiscal year estimates have been revised downwards by -7.84 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 19.11 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 8 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 11 analysts made negative revisions to their fiscal year's estimates.

CXO has an estimated earnings growth rate of 36.35 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CXO is 3.3.

CXO has a 52-week high of 147.55 and a 52-week low of 112.73. The current market price is above the trailing year's low by 15.82 percent, and 11.51 percent below the high. CXO has a price/earnings ratio of 119.78. Investors typically compare the P/E ratio to a company's peers in the industry. The CXO value stock report compares CXO to some of its peers using value stock charts. The stock has a market capitalization of $19.57 billion. CXO's next earnings release will be on 0000-00-00, which is days away.