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.

A number of analysts gave price targets for CXO. The highest price target was 208, implying a possible profit of 59.31 percent. The most pessimistic price target was 100, which equates to a potential downside of -23.41 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.14 percent on average, compared to last month. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 4 analysts increased their quarterly estimates, while 8 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 11 analysts made negative revisions to their fiscal year's estimates.

The growth rate of CXO's earnings is estimated by analysts to be 36.35 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CXO is 3.3.

CXO has traded between a high of 147.55 and a low of 112.73 over the past year. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.