In a report released today, Biju Perincheril from Susquehanna reiterated a Buy rating on Concho Resources (CXO), with a price target of $151. The company’s shares closed on Friday at $112.10.
According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.9% and a 42.0% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Concho Resources with a $174.17 average price target, representing a 55.4% upside. In a report issued on January 2, KeyBanc also initiated coverage with a Buy rating on the stock with a $118 price target.
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The company has a one-year high of $163.11 and a one-year low of $93.31. Currently, Concho Resources has an average volume of 1.91M.
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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.
