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CXO

Concho Resources

$117.76

-10.9 (-8.47%)

10:52
08/03/17
08/03
10:52
08/03/17
10:52

Technical View: Concho Resources drops sharply after earnings

The stock is near session lows at time of writing, down over 9% to $116.82. At that price next support is at $112.73. Resistance is at the $120 area.

  • 03

    Aug

CXO Concho Resources
$117.76

-10.9 (-8.47%)

06/30/17
BOFA
06/30/17
DOWNGRADE
Target $128
BOFA
Neutral
Concho Resources downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Doug Leggate downgraded Concho Resources and cut its price target to $128 from $155 to reflect a lower commodity price deck. The firm's commodity team lowered its price deck to $50 for Brent in 2017 and $52 in 2018 and the analyst believes $55 is a reasonable basis for US shale, which limits upside.
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Neutral
Concho Resources downgraded to Neutral from Buy at Seaport Global
05/17/17
05/17/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CoreSite Realty (COR) initiated with a Market Perform at Wells Fargo. 2. Acceleron (XLRN) initiated with a Sell at Goldman Sachs. 3. Cardinal Health (CAH) initiated with a Hold at Jefferies. 4. Concho Resources (CXO) assumed with an Overweight at Piper Jaffray. 5. Triangle Capital (TCAP) initiated with a Buy at Wunderlich. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/17
PIPR
05/17/17
INITIATION
Target $172
PIPR
Overweight
Concho Resources assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst David Kistler assumed coverage of Concho Resources with an Overweight rating and $172 price target.

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CEL

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GASS

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CPRT

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  • 19

    Dec

DE

Deere

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  • 28

    Nov

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    Nov

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$8.34

0.14 (1.71%)

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BASFY

BASF

$27.39

-0.13 (-0.47%)

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RBS

$7.30

-0.04 (-0.54%)

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