KLR Group Raises Price Target on Concho Resources (CXO) to $172

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Go back to KLR Group Raises Price Target on Concho Resources (CXO) to $172

Concho Resources Inc. Reports Third Quarter 2016 Results

November 8, 2016 4:18 PM EST

Raised Full-Year 2016 Production Growth Target to 5%

Provided 2017 and Long-Term Growth Outlook

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for the third quarter of 2016.

Third-Quarter 2016 Highlights

Delivered quarterly production of 14.1 million Boe, or 152.9 MBoepd, exceeding the high end of the Companys guidance. Achieved record 30-day production rates in the Companys northern Delaware and southern Delaware Basin assets and record average lateral lengths in... More