Cimarex Energy Price Target Increased to $100.00 by Analysts at Global Hunter Securities (XEC)
Equities research analysts at Global Hunter Securities lifted their price target on shares of Cimarex Energy (NYSE:XEC) from $82.00 to $100.00 in a research note issued to investors on Wednesday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ target price suggests a potential downside of 5.50% from the company’s current price.
Cimarex Energy (NYSE:XEC) opened at 105.82 on Wednesday. Cimarex Energy has a 52-week low of $55.74 and a 52-week high of $92.18. The stock has a 50-day moving average of $81.92 and a 200-day moving average of $74.00. The company has a market cap of $9.154 billion and a P/E ratio of 22.74.
Cimarex Energy (NYSE:XEC) last released its earnings data on Wednesday, August 7th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. On average, analysts predict that Cimarex Energy will post $5.54 earnings per share for the current fiscal year.
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 0.53%. The ex-dividend date of this dividend is Wednesday, November 13th.
A number of other analysts have also recently weighed in on XEC. Analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Cimarex Energy in a research note to investors on Wednesday. Separately, analysts at FBR & Co. downgraded shares of Cimarex Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.44.
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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