Analysts have been eager to weigh in on the Utilities sector with new ratings on Viper Energy (VNOM) and Concho Resources (CXO).
Concho Resources (CXO)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Concho Resources on December 10 and set a price target of $65.00. The company’s shares closed last Thursday at $61.07.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -18.5% and a 28.3% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Laredo Petroleum.
Concho Resources has an analyst consensus of Moderate Buy, with a price target consensus of $64.65.
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