Concho Resources (CXO) Acquires Midland Assets for $1.63B

Canaccord Genuity Raises Price Target on Concho Resources (CXO) Following Acuisition of Midland Acreage

Canaccord Genuity reiterated a Hold rating on Concho Resources (NYSE: CXO), and raised the price target to $120.00 (from $104.00), following the company's acquisition of quality Midland acreage. The acquired leasehold sits mostly in southwest Martin and southeast Andrews Counties, a core area of the Midland Basin.... More

Concho Resources (CXO) Prices 9M Share Common Stock Offering for Proceeds of ~$1.18B

Concho Resources Inc. (NYSE: CXO) announced that it has priced a public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters fees and estimated expenses) of approximately $1,178 million. The underwriters have an option for 30 days to purchase up to an additional 1,350,000 shares of common stock from the Company.

The underwriters intend to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of... More

Concho Resources (CXO) Announces 9M Share Stock Offering

Concho Resources Inc. (NYSE: CXO) announced the launch of an underwritten public offering of 9,000,000 shares of common stock. The underwriters will have an option to purchase up to an additional 1,350,000 shares of common stock from the Company.

The underwriters intend to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices... More