Concho Resources traded at $65.00 this Saturday January 16th, decreasing $0.60 or 0.91 percent since the previous trading session. Looking back, over the last four weeks, Concho Resources lost 6.44 percent. Over the last 12 months, its price fell by 5.88 percent. Looking ahead, we forecast Concho Resources to be priced at 63.20 by the end of this quarter and at 58.09 in one year, according to Trading Economics global macro models projections and analysts expectations.


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Concho Resources
Concho Resources Inc. is an independent oil and natural gas. The Company engaged in the acquisition, development and exploration of oil and natural gas properties. The Companys operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, a large onshore oil and natural gas basin in the United States. The Companys three core operating areas include: New Mexico Shelf, which target the Yeso formation both on a vertical and horizontal basis; Delaware Basin, target the Bone Spring formation and the Wolfcamp shale, on a horizontal basis; and Texas Permian, target the Wolfberry, a term applied to the combined Wolfcamp and Spraberry horizons, on a vertical basis and the Wolfcamp shale on a horizontal basis. The Company intended to grow its reserves and production through development drilling and exploration activities on its multi-year project inventory and through acquisitions.