What analysts have to say about Concho Resources Inc (NYSE:CXO)?

The shares of Concho Resources Inc (NYSE:CXO) currently has mean rating of 1.94 while 10 analysts have recommended the shares as “BUY”, 18 recommended as “OUTPERFORM” and 8 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 481.60 million by 28 analysts. The means estimate of sales for the year ending Dec-16 is 1.88 billion by 30 analysts.

The mean price target for the shares of Concho Resources Inc (NYSE:CXO) is at 129.19 while the highest price target suggested by the analysts is 206.00 and low price target is 83.00. The mean price target is calculated keeping in view the consensus of 36 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Concho Resources Inc (NYSE:CXO) stands at -0.02 while the EPS for the current year is fixed at -0.38 by 34 analysts.

The next one year’s EPS estimate is set at -1.14 by 38 analysts while a year ago the analysts suggested the company’s EPS at -0.38. The analysts also projected the company’s long-term growth at -31.08% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Concho Resources Inc (NYSE:CXO) reported earnings of -$0.05. The posted earnings missed the analyst’s consensus by -$0.05. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 2, 2016 Concho Resources Inc (CXO) announced that the Company will participate in the following conferences:

• June 6, 2016 – RBC Global Energy & Power Executive Conference


• June 15, 2016 – Tudor, Pickering, Holt & Co. Hotter ‘N Hell Energy Conference


• June 21, 2016 – Wells Fargo West Coast Energy Conference


• June 27, 2016 – J.P. Morgan Energy Equity Investor Conference

The Company will refer to its June 2016 Investor Presentation, which will be available in advance of the first conference on the Investor Relations section of the Company’s website, www.concho.com. Additionally, the presentation at the J.P. Morgan Energy Equity Investor Conference will take place at 7:00 am CT (8:00 am ET) and will be webcast and accessible on the “Events & Presentations” page under the “Investors” section of the Company’s website.