Siebert Williams (NYSE:WMB) Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Concho Resources (NYSE:CXO) on Thursday, setting a price target of $78, which is approximately 51.31% above the present share price of $51.55.
Sorbara expects Concho Resources to post earnings per share (EPS) of -$2.23 for the third quarter of 2020.
The current consensus among 18 TipRanks analysts is for a Strong Buy rating of shares in Concho Resources, with an average price target of $72.13.
The analysts price targets range from a high of $99 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 $10.14 billion.
According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.1% and a 25.75% 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.