Analyst Revises Concho Resources Inc. (NYSE:CXO) Stock Target


Concho Resources Inc. (NYSE:CXO) mean price target has been set at $146.440 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $-0.150 in the near-term quarter and $0.210 for the ongoing fiscal. The market cap of Concho Resources Inc. Common St was recorded at $17.13B after the stock closed at $134.170 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Concho Resources Inc. (NYSE:CXO) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Concho Resources Inc. (NYSE:CXO) PEG ratio sits at 161.480. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Concho Resources Inc. Common St visibly illustrates that the 50-day MA of Concho Resources Inc. Common St is $128.923, and stock is trading $2.262 points away or +1.755% from its 50-day moving average of $128.923. Further it is trading $15.003 or +12.913% away its 200-day moving average of $116.182. Concho Resources Inc. (NYSE:CXO) 52-week high is $137.400 and the 52-week low is $69.940. This represents that if the stock moves $-6.215 points up on the chart to it will make a 52-week high. But, if it declines +87.568%, then the shares price can hit a new 52-week low.

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