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CXO

Concho Resources

$137.35

-0.31 (-0.23%)

10:50
10/04/16
10/04
10:50
10/04/16
10:50

Concho Resources initiated with an Accumulate at Johnson Rice

Pre-open, Johnson Rice initiated Concho Resources with an Accumulate saying it has one of the best best production growth profiles in the Permian going into 2017.

CXO Concho Resources
$137.35

-0.31 (-0.23%)

08/15/16
JPMS
08/15/16
NO CHANGE
Target $138
JPMS
Overweight
Concho Resources price target raised to $138 from $127 at JPMorgan
JPMorgan analyst Arun Jayaram raised his price target for Concho Resources to $138 after reviewing the company's Q2 results. The analyst continues to view Concho as a core holding given its leverage to the Delaware Basin, Jayaram tells investors in a research note. The analyst keeps an Overweight rating on the shares.
08/22/16
PIPR
08/22/16
NO CHANGE
PIPR
Concho Resources acquisition positive, says Piper Jaffray
Piper Jaffray analyst Pearce Hammond applauds Concho's acquisition of Reliance Energy, saying that the deal "provides further high quality inventory depth." The analyst says that Concho's valuation is significantly more attractive than its Permian peers. He keeps an Overweight rating on the stock.
08/24/16
FBCO
08/24/16
NO CHANGE
Target $154
FBCO
Concho Resources removed from US Focus List at Credit Suisse
Credit Suisse's Investment Policy Committee removed Concho Resources from the US Focus List. Analyst Mark Lear maintained his Outperform rating and raised his price target to $154 from $145 following the company's $1.625B acquisition of 40K acres in the Midland Basin.
09/12/16
STFL
09/12/16
NO CHANGE
STFL
Concho Resources price target raised to $160 from $141 at Stifel
Stifel analyst Michael Scialla raised his price target on Concho based on what he sees as the strong performance of the company's Midland and Delaware Basin wells. He expects the company's production to rise 20% in 2017, and he keeps a Buy rating on the shares.

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