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 maximum price target given was 208, implying a possible profit of 59.31 percent. The most pessimistic analyst gave a price target of 100, which equates to a potential downside of -23.41 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.84 percent, as compared to a month ago. 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, compared to 11 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CXO to grow at a rate of 36.35 percent. 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, 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, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CXO is 3.3.

In the last 52-weeks, CXO has achieved a high of 147.55 and a low of 112.73. Today's price is 15.82 percent above the 52-week 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 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.