Cimarex Energy Given “Buy” Rating at KeyCorp (XEC)
Cimarex Energy (NYSE:XEC)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a research report issued on Wednesday, Stock Ratings News reports. They currently have a $159.00 price objective on the stock, up from their previous price objective of $145.00. KeyCorp’s price objective would indicate a potential upside of 21.08% from the stock’s previous close.
A number of other analysts have also recently weighed in on XEC. Analysts at Raymond James reiterated an “outperform” rating on shares of Cimarex Energy in a research note on Wednesday. They now have a $145.00 price target on the stock, up previously from $132.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cimarex Energy in a research note on Wednesday. They now have a $170.00 price target on the stock, up previously from $145.00. Finally, analysts at Societe Generale downgraded shares of Cimarex Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $126.00 price target on the stock, up previously from $112.00. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $125.61.
Cimarex Energy (NYSE:XEC) traded up 9.43% during mid-day trading on Wednesday, hitting $131.32. The stock had a trading volume of 3,886,960 shares. Cimarex Energy has a 1-year low of $62.98 and a 1-year high of $124.49. The stock’s 50-day moving average is $117.9 and its 200-day moving average is $107.1. The company has a market cap of $11.426 billion and a price-to-earnings ratio of 18.51.
Cimarex Energy (NYSE:XEC) last released its earnings data on Wednesday, May 7th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.15. The company had revenue of $599.20 million for the quarter, compared to the consensus estimate of $542.04 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 40.5% on a year-over-year basis. On average, analysts predict that Cimarex Energy will post $6.59 earnings per share 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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