Cimarex Energy Stock Rating Upgraded by KLR Group (XEC)
Cimarex Energy (NYSE:XEC) was upgraded by KLR Group to an “accumulate” rating in a research note issued on Tuesday, Analyst Ratings Network.com reports.
A number of other analysts have also recently weighed in on XEC. Analysts at Wunderlich initiated coverage on shares of Cimarex Energy in a research note to investors on Friday, December 13th. They set a “buy” rating and a $135.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of Cimarex Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $112.00 price target on the stock, down previously from $122.00. Finally, analysts at Stifel Nicolaus upgraded shares of Cimarex Energy from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 22nd. They now have a $120.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Cimarex Energy currently has an average rating of “Buy” and a consensus target price of $105.10.
Cimarex Energy (NYSE:XEC) opened at 92.73 on Tuesday. Cimarex Energy has a one year low of $61.67 and a one year high of $113.03. The stock’s 50-day moving average is $99.18 and its 200-day moving average is $91.37. The company has a market cap of $8.052 billion and a price-to-earnings ratio of 18.05.
Cimarex Energy (NYSE:XEC) last released its earnings data on Wednesday, November 6th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.47 by $0.15. The company had revenue of $561.34 million for the quarter, compared to the consensus estimate of $502.12 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 38.3% on a year-over-year basis. Analysts expect that Cimarex Energy will post $5.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of 0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, February 12th.
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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