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KeyBanc Stick to Their Buy Rating for Concho Resources

Published 01/14/2021, 07:36 AM
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CXO
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KeyBanc analyst Leo Mariani maintained a Buy rating on Concho Resources (NYSE:CXO) on Thursday, setting a price target of $73, which is approximately 6.41% above the present share price of $68.6.

Mariani expects Concho Resources to post earnings per share (EPS) of -$0.31 for the first quarter of 2021.

The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Concho Resources, with an average price target of $64.29.
The analysts price targets range from a high of $82 to a low of $50.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $834 million and a net profit of $228 million. The company's market cap is $13.47 billion.

According to TipRanks.com, KeyBanc analyst Leo Mariani is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.4% and a 47.75% success rate.

Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Its operations include Delaware Basin, and Midland Basin. The company was founded on February 22, 2006 and is headquartered in Midland, TX.

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