Concho Resources (NYSE:CXO) Target Raised by UBS Group AG to $99.00

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Concho Resources stock has undergone multiple analysts rating changes in the recent past.  Concho Resources stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $99.00. The analysts previously had $74.00 target price. UBS Group AG’s price target would indicate a potential upside of 98.40% from the stock’s previous close.

Shares of Concho Resources traded down -$0.12 on Monday, reaching $50.18. 1295315 shares of the stock traded hands, compared to its average volume of 3154760. Shares of were trading at $50.18 on Monday. The firm’s 50 day moving average is $56.86 and its 200 day moving average is 66.13.Concho Resources  has a 12 month low of $49.83 and a 12 month high of $105.94. While on yearly highs and lows, Concho Resources today has traded high as $51.16 and has touched $49.83 on the downward trend.

Concho Resources Earnings and What to expect: 

Concho Resources last released its quarterly earnings data on April 30th, 2020. The oil and natural gas company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm earned $922 million during the quarter, compared to analysts’ expectations of $1.06 billion. Its revenue for the quarter was down 16.5% on a year-over-year basis. Concho Resources has generated $3.05 earnings per share over the last year. Concho Resources has confirmed that its next quarterly earnings report will be published on Wednesday, July 29th, 2020. Concho Resources will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Concho Resources are expected to decrease by -57.55% in the coming year, from $2.45 to $1.04 per share. The P/E ratio of Concho Resources is -1.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Concho Resources is -1.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Concho Resources has a PEG Ratio of 4.69. PEG Ratios above 1 indicate that a company could be overvalued. Concho Resources has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.10%
  • On 5/5/2020 Director Steven L Beal Sell 19,500 at average share price of $61.66 which equates to $1,202,370.00 in money value.
  • On 8/15/2019 CFO Brenda R Schroer Buy 1,500 at average price of  $69.67 with total value of : Not Data Available
  • On 8/14/2019 Director Mark B Puckett Buy 2,000 at average price of  $68.48 with total value of : $136,960.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Concho Resources

  • 6/25/2020 – Concho Resources had its price target lowered by analysts at Wells Fargo & Co from $70.00 to $69.00. They now have an “overweight” rating on the stock. ()
  • 6/22/2020 – Concho Resources was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $70.00 price target on the stock. ()
  • 6/19/2020 – Concho Resources was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $69.00 price target on the stock, up previously from $68.00. ()
  • 6/9/2020 – Concho Resources was downgraded by analysts at from a “buy” rating to a “neutral” rating. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Concho Resources (NYSE:CXO) Moving Average Technical Analysis

5 day Moving Average is $51.86 And 5 day price change is -5.28 (-9.40%)  with average volume for 5 day average is 3,686,667. While technical analysis for average 20 days shows significant difference, 20 day moving average is  58.64 and 20 day price change is -5.75 (-10.16%) and average 20 day moving volume is 3,585,387. 50 day moving average is 56.86  and 50 day price change is -1.07 ( -2.06%)  and with average volume for 50 days is : 2,773,835. 200 day moving average is 66.13  and 200 day price change is -21.52 (-29.73%)  and with average volume for 200 days is : 2,403,580.

See More Analyst Rating at: RATING