Cimarex Energy Price Target Increased to $106.00 by Analysts at Raymond James (XEC)
Equities research analysts at Raymond James upped their price objective on shares of Cimarex Energy (NYSE:XEC) from $94.00 to $106.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 4.94% from the stock’s previous close.
A number of other firms have also recently commented on XEC. Analysts at Topeka Capital Markets raised their price target on shares of Cimarex Energy from $84.00 to $96.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Cimarex Energy from $80.00 to $110.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Cimarex Energy from $82.00 to $112.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Cimarex Energy has a consensus rating of “Buy” and an average target price of $94.71.
Cimarex Energy (NYSE:XEC) traded up 1.42% on Monday, hitting $101.01. The stock had a trading volume of 825,971 shares. Cimarex Energy has a 1-year low of $55.74 and a 1-year high of $102.12. The stock has a 50-day moving average of $91.64 and a 200-day moving average of $77.4. The company has a market cap of $8.738 billion and a P/E ratio of 21.47.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.12. The company had revenue of $493.76 million for the quarter, compared to the consensus estimate of $467.55 million. During the same quarter last year, the company posted $0.79 earnings per share. Cimarex Energy’s revenue was up 39.8% compared to the same quarter last year. Analysts expect that Cimarex Energy will post $5.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, November 13th.
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.
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