Concho Resources Inc. – Consensus Indicates Potential 3.4% Upside

Broker Ratings

Concho Resources Inc. with ticker code (CXO) now have 30 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 82 and 50 and has a mean target at 64.39. Now with the previous closing price of 62.29 this now indicates there is a potential upside of 3.4%. There is a 50 day moving average of 54.97 and the 200 day MA is 51.85. The company has a market capitalisation of $12,092m. Company Website:

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. The company’s principal operating areas are located in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2019, its estimated proved reserves totaled 1.0 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas.

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