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Enter Symbol:
 
CONCHO RESOURCES INC (CXO) [hlAlert]

Rating:
Outperform
CXO
up 155.36 %

CONCHO RESOURCES INC (CXO) rated Outperform by Wells Fargo

Posted on: Tuesday,  Jul 31, 2012  10:25 AM ET by Wells Fargo

Wells Fargo rated Outperform CONCHO RESOURCES INC (NYSE: CXO) on 07/31/2012. Previously Wells Fargo rated Outperform CONCHO RESOURCES INC (NYSE: CXO) on
10/15/2009., when the stock price was $40.33. Since then, CONCHO RESOURCES INC has gained 155.37% as of 08/27/2015's recent price of $102.99.
If you would have followed the previous Wells Fargo's recommendation on CXO, you would have gained 155.36% of your investment in 2142 days.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. The Company's conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of unconventional emerging resource plays.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2012 10:25 AM Buy
None
88.43
as of 12/31/2012
1 Week up  2.35 %
1 Month up  0.37 %
3 Months down  -14.97 %
1 YTD down  -14.06 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2009 11:25 AM Buy
None
40.33

(*) Stock Price at the time of the recommendation.
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