Jefferies analyst Mark Lear reiterated a Buy rating on Concho Resources (NYSE: CXO) today and set a price target of $201. The company’s shares closed yesterday at $135.15.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.4% and a 49.4% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Concho Resources is a Moderate Buy with an average price target of $186.21, which is a 37.8% upside from current levels. In a report issued on August 2, Williams Capital also reiterated a Buy rating on the stock with a $189 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $163.11 and a one-year low of $106.73. Currently, Concho Resources has an average volume of 2.38M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include New Mexico Shelf, Delaware Basin, Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.
