Credit Suisse analyst William Featherston maintained a Hold rating on Concho Resources (NYSE: CXO) on July 10 and set a price target of $168. The company’s shares opened today at $145.55.
According to TipRanks.com, Featherston is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Pioneer Natural, and EOG Resources.
Concho Resources has an analyst consensus of Moderate Buy, with a price target consensus of $178.08, which is a 22.3% upside from current levels. In a report issued on July 5, TD Securities also initiated coverage with a Hold rating on the stock with a $150 price target.
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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 2.12M.
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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.
