Cimarex Energy Price Target Raised to $150.00 at BMO Capital Markets (XEC)
Investment analysts at BMO Capital Markets increased their price target on shares of Cimarex Energy (NYSE:XEC) from $140.00 to $150.00 in a note issued to investors on Thursday, ARN reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 34.12% from the company’s current price.
A number of other analysts have also recently weighed in on XEC. Analysts at EVA Dimensions LLC upgraded shares of Cimarex Energy from a “hold” rating to an “overweight” rating in a research note on Thursday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cimarex Energy in a research note on Tuesday, January 14th. Finally, analysts at KLR Group upgraded shares of Cimarex Energy to an “accumulate” rating in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $108.53.
Shares of Cimarex Energy (NYSE:XEC) opened at 110.91 on Thursday. Cimarex Energy has a 52-week low of $62.98 and a 52-week high of $116.18. The stock has a 50-day moving average of $101.4 and a 200-day moving average of $96.78. The company has a market cap of $9.631 billion and a price-to-earnings ratio of 21.23.
Cimarex Energy (NYSE:XEC) last released its 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. Analysts expect that Cimarex Energy will post $6.36 EPS for the current fiscal year.
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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