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.

Investment analysts gave a few price targets for CXO. The most optimistic price target was 208, which equates to a potential upside of 59.31 percent. The most pessimistic price target was 100, implying potential capital losses of -23.41 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.14 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 22.58 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.84 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 19.11 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 4 analysts increased their quarterly estimates, while 8 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 11 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CXO to grow at a rate of 36.35 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Currently the stock is 15.82 percent higher than its low, and 11.51 percent lower than its 52-week 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 market cap of CXO is $19.57 billion. CXO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.