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Cimarex Energy (NYSE:XEC) was upgraded by equities researchers at EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research report issued on Thursday, Stock Ratings Network.com reports.

Shares of Cimarex Energy (NYSE:XEC) traded down 0.05% during mid-day trading on Thursday, hitting $111.78. 176,314 shares of the company’s stock traded hands. 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 $9.707 billion and a price-to-earnings ratio of 21.23.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results 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. On average, analysts predict that Cimarex Energy will post $6.36 earnings per share for the current fiscal year.

XEC has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cimarex Energy in a research note on Tuesday, January 14th. Separately, analysts at KLR Group upgraded shares of Cimarex Energy to an “accumulate” rating in a research note on Tuesday, January 14th. Finally, analysts at Wunderlich initiated coverage on shares of Cimarex Energy in a research note on Friday, December 13th. They set a “buy” rating and a $135.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Cimarex Energy presently has an average rating of “Buy” and an average price target of $108.53.

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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