Northland Securities analyst Subash Chandra maintained a Buy rating on Concho Resources (NYSE:CXO) on Tuesday, setting a price target of $73, which is approximately 63.71% above the present share price of $44.59.
Chandra expects Concho Resources to post earnings per share (EPS) of -$2.23 for the fourth quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Concho Resources, with an average price target of $70.43.
The analysts price targets range from a high of $81 to a low of $63.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $474 million and a net profit of -$101 million. The company's market cap is $8.47 billion.
According to TipRanks.com, Northland Securities analyst Subash Chandra is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.3% and a 39.71% 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.