Cimarex Energy Price Target Raised to $121.00 at Barclays (XEC)
Research analysts at Barclays hoisted their price objective on shares of Cimarex Energy (NYSE:XEC) from $92.00 to $121.00 in a report released on Monday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 9.57% from the stock’s previous close.
A number of other firms have also recently commented on XEC. Analysts at Canaccord Genuity raised their price target on shares of Cimarex Energy from $101.00 to $121.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Cimarex Energy from $88.00 to $94.00 in a research note to investors on Wednesday, October 16th. Finally, analysts at Robert W. Baird initiated coverage on shares of Cimarex Energy in a research note to investors on Wednesday, October 16th. They set a “neutral” rating and a $98.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $98.56.
Cimarex Energy (NYSE:XEC) traded up 0.37% on Monday, hitting $110.84. The stock had a trading volume of 536,020 shares. Cimarex Energy has a one year low of $55.74 and a one year high of $110.66. The stock has a 50-day moving average of $94.76 and a 200-day moving average of $78.53. The company has a market cap of $9.588 billion and a price-to-earnings ratio of 23.80.
Cimarex Energy (NYSE:XEC) last released its 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 in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 39.8% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders 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 0.51%. 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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