Feb. 24
Equities research analysts at Stifel Nicolaus raised their target price on shares of Cimarex Energy (NYSE:XEC) from $120.00 to $125.00 in a research note issued to investors on Thursday,AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 11.10% from the company’s current price.
Cimarex Energy (NYSE:XEC) traded up 1.37% during mid-day trading on Thursday, hitting $114.05. The stock had a trading volume of 1,502,449 shares. Cimarex Energy has a one year low of $62.98 and a one year high of $116.73. The stock’s 50-day moving average is $102.1 and its 200-day moving average is $97.14. The company has a market cap of $9.940 billion and a price-to-earnings ratio of 17.39.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.41 by $0.06. The company had revenue of $516.60 million for the quarter, compared to the consensus estimate of $526.41 million. On average, analysts predict that Cimarex Energy will post $6.36 earnings per share for the current fiscal year.
A number of other firms have also recently commented on XEC. Analysts at KLR Group raised their price target on shares of Cimarex Energy from $6.00 to $123.00 in a research note on Thursday. Separately, analysts at BMO Capital Markets raised their price target on shares of Cimarex Energy from $140.00 to $150.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at EVA Dimensions LLC upgraded shares of Cimarex Energy from a “hold” rating to an “overweight” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Cimarex Energy currently has a consensus rating of “Buy” and a consensus target price of $115.53.
Cimarex Energy Co is an oil and gas exploration and production company. Its operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
Source: http://tickerreport.com/banking-finance/143247/cimarex-energy-given-new-125-00-price-target-at-stifel-nicolaus-xec/?
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