Concho Resources Inc. Reports Second Quarter 2016 Results

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Go back to Concho Resources Inc. Reports Second Quarter 2016 Results

KLR Group Raises Price Target on Concho Resources (CXO) to $153; Reiterates Accumulate

August 3, 2016 2:19 PM EDT

KLR Group reiterated an Accumulate rating on Concho Resources (NYSE: CXO), and raised the price target to $153.00 (from $138.00), following the company's 2Q earnings report.

Analyst John Gerdes commented, "We are increasing our CXO target price $15 to $153 per share due to almost 15% lower operating expense and... More

UBS Raises Price Target on Concho Resources (CXO) Following 2Q EPS Beat

August 3, 2016 8:30 AM EDT

UBS reiterated a Neutral rating on Concho Resources (NYSE: CXO), and raised the price target to $121.00 (from $117.00), following the company's 2Q earnings report. CXO reported EPS of $0.26, above consensus estimates of $0.06.

Analyst William Featherston commented, "CXO posted clean 2Q EPS/CFPS of $0.26/$2.71, comfortably above consensus'... More

Concho Resources (CXO) Tops Q2 EPS by 27c

August 2, 2016 5:59 PM EDT

Concho Resources (NYSE: CXO) reported Q2 adj EPS of $0.26, $0.27 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $396.3 million versus the consensus estimate of $482.5 million.

Tim Leach, Chairman, Chief Executive Officer and President, commented, We continue to execute a... More