Cimarex Energy Price Target Raised to $146.00 at Topeka Capital Markets (XEC)
Research analysts at Topeka Capital Markets hoisted their price target on shares of Cimarex Energy (NYSE:XEC) from $130.00 to $146.00 in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective points to a potential upside of 1.77% from the stock’s previous close.
A number of other analysts have also recently weighed in on XEC. Analysts at Canaccord Genuity initiated coverage on shares of Cimarex Energy in a research note on Tuesday. They set a “buy” rating and a $169.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cimarex Energy in a research note on Friday. They now have a $156.00 price target on the stock, up previously from $114.00. Finally, analysts at GMP Securities initiated coverage on shares of Cimarex Energy in a research note on Tuesday, June 24th. They set a “buy” rating and a $176.00 price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $143.65.
Shares of Cimarex Energy (NYSE:XEC) opened at 143.46 on Tuesday. Cimarex Energy has a 52-week low of $65.17 and a 52-week high of $143.75. The stock has a 50-day moving average of $133.4 and a 200-day moving average of $115.9. The company has a market cap of $12.486 billion and a P/E ratio of 20.32.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.06 earnings per share. Cimarex Energy’s revenue was up 40.5% compared to the same quarter last year. Analysts expect that Cimarex Energy will post $6.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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