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.

Many analysts weighed in on price targets for CXO. The highest price target was 208, implying a possible profit of 59.31 percent. The lowest price target was 100, implying a possible loss 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 19.11 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 8 analysts revised their estimates downwards. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. 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. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. CXO has a PEG ratio of 3.3.

CXO has traded between a high of 147.55 and a low of 112.73 over the past year. Currently the stock is 15.82 percent higher than its low, and 11.51 percent lower than its 52-week high. CXO has a P/E 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 will post this quarters earnings in days, on 0000-00-00.