Concho Resources Inc (NYSE:CXO) has coverage initiated with a Equal Weight rating

ME Staff
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Analyst Ratings For Concho Resources Inc (NYSE:CXO)

Today, Barclays initiated coverage on Concho Resources Inc (NYSE:CXO) with a Equal Weight.

There are 16 Buy Ratings, 8 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Concho Resources Inc (NYSE:CXO) is Buy with a consensus target price of $176.9545 per share, a potential 28.83% upside.

Some recent analyst ratings include

  • 8/29/2018-Concho Resources Inc (NYSE:CXO) has coverage initiated with a Equal Weight rating
  • 8/20/2018-Concho Resources Inc (NYSE:CXO) had its Buy rating reiterated by KLR Group with a $175.00 price target
  • 7/23/2018-Concho Resources Inc (NYSE:CXO) had its Buy rating reiterated by Williams Capital with a $189.00 price target
  • 7/20/2018-Concho Resources Inc (NYSE:CXO) had its Buy rating reiterated by Piper Jaffray Companies with a $220.00 price target
  • 7/18/2018-Concho Resources Inc (NYSE:CXO) gets upgraded to Buy by Goldman Sachs Group

Recent Insider Trading Activity For Concho Resources Inc (NYSE:CXO)
Concho Resources Inc (NYSE:CXO) has insider ownership of 1.10% and institutional ownership of 77.42%.

  • On 8/23/2018 Erick Nelson, SVP, sold 11,000 with an average share price of $133.98 per share and the total transaction amounting to $1,473,780.00.
  • On 8/6/2018 Mark B Puckett, Director, bought 2,000 with an average share price of $134.39 per share and the total transaction amounting to $268,780.00.
  • On 2/6/2018 E Joseph Wright, VP, sold 83,759 with an average share price of $148.27 per share and the total transaction amounting to $12,418,946.93.
  • On 2/6/2018 Timothy A Leach, Chairman, sold 40,000 with an average share price of $148.14 per share and the total transaction amounting to $5,925,600.00.
  • On 1/2/2018 Ray M Poage, Director, sold 4,000 with an average share price of $150.87 per share and the total transaction amounting to $603,480.00.
  • On 8/11/2017 E Joseph Wright, VP, sold 16,696 with an average share price of $114.84 per share and the total transaction amounting to $1,917,368.64.
  • On 5/17/2017 Lawrence J Nagy, Director, sold 120,000 with an average share price of $0.27 per share and the total transaction amounting to $32,400.00.

About Concho Resources Inc (NYSE:CXO)
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 southeast New Mexico and west Texas. As of December 31, 2017, its total estimated proved reserves were 840 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006 and is headquartered in Midland, Texas.

Recent Trading Activity for Concho Resources Inc (NYSE:CXO)
Shares of Concho Resources Inc closed the previous trading session at 137,36 −1,07 0,77 % with shares trading hands.