Concho Resources

Shares of Concho Resources Inc (NYSE: CXO) were trading higher by more than 6 percent early Wednesday morning after S&P Dow Jones Indices announced the company's stock will be added to its S&P 500 index. Concho Resources will replace Plum Creek Timber Co. Inc. (NYSE: PCL) after the close of...

Bank of America has published a report on Concho Resources (NYSE: CXO) revising estimates for the oil and natural gas company. In the report, Bank of America wrote, "CXO reported adj. EPS of $1.09/sh beating BofAMLe by 10¢ and consensus by 15¢. Volumes of 61.2 Mboepd fell shy of our 62.1 Mboepd...

Pritchard is out with its report today on Concho Resources (NYSE: CXO), upgrading CXO from Neutral to Buy. In a note to clients, Pritchard writes, "CXO is a leading Permian producer that is well hedged, fiscally responsible and is great with the drillbit. The company has a strong resource base...

Pritchard Capital Partners has upgraded Concho Resources (NYSE: CXO) from Neutral to buy and maintains its $104 price target.

Wunderlich Securities upgraded Concho Resources (NYSE: CXO) to Buy from Hold. At the same time, Wunderlich raised its price target on the company's stock to $105. In a research report published today, Wunderlich cited renewed interest in the Permian Basin, where Concho is s strong player, as one of...

Wunderlich Securities has upgraded Concho Resources (NYSE: CXO) from Hold to Buy and has raised the price target from $100 to $105.

Goldman Sachs is making some adjustments to its Concho Resources, Inc. (NYSE: CXO) estimates. “CXO reported 1Q2011 adj. EPS of $0.79 vs. our/consensus $0.65/$0.77,” Goldman Sachs writes. “Production was 57 MBOE/d vs. our 51 MBOE/d. Lower realized gas prices were offset by lower operating costs. “...

Stifel Nicolaus is out with its report today on Concho Resources (NYSE: CXO), downgrading CXO from Buy to Hold. In its report sent to clients, Stifel Nicolaus writes, "After outperforming (+23%) our peer group (+9%) and the S&P 500 (+4%) over the past three months, the shares are valued at a...

According to Morgan Keegan, Concho Resources, Inc (CXO), stock is up more that 130% since year-end 2009. Morgan Keegan commented that “Although production is expected to grow substantially in 2011 (up 45%), coupled with best-in-class margins and exploration upside in the Permian, we think the...

Wunderlich Securities, which raised its PT on shares of Concho Resources, Inc. (NYSE: CXO), is providing some color on the stock. “Concho Resources has grown its Permian asset base by strategic acquisitions followed by good execution and organic growth,” Wunderlich Securities writes. “The Permian...

Wunderlich Securities has raised the price target on Concho Resources (NYSE: CXO) from $87 to $98 and maintains its Hold rating.

Morgan Keegan has raised the price target Concho Resources (NYSE: CXO) from $88 to $115 and maintains its Outperform rating.

Dahlman Rose has published a research report on Concho Resources, Inc. (NYSE: CXO) after the company reported strong production and realized pricing in its 3Q. In the report, Dahlman Rose writes "Concho reported EPS/CFPS of $0.76/$1.82 vs our estimate of $0.63/$1.70 and consensus of $0.63/$1.65....

Dahlman Rose reiterates its Buy rating and raises the price target on: Iains Exploration (NYSE: PXP) price target raised from $33 to $35 Concho Resources (NYSE: CXO) price target raised from $65 to $70