Barclays Increases Cimarex Energy Price Target to $172.00 (XEC)
Equities research analysts at Barclays increased their price target on shares of Cimarex Energy (NYSE:XEC) from $170.00 to $172.00 in a research note issued to investors on Friday. Barclays’ price objective suggests a potential upside of 23.93% from the company’s current price.
Shares of Cimarex Energy (NYSE:XEC) opened at 138.79 on Friday. Cimarex Energy has a one year low of $77.87 and a one year high of $150.71. The stock has a 50-day moving average of $141.8 and a 200-day moving average of $123.9. The company has a market cap of $12.078 billion and a P/E ratio of 18.50.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.71 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.71. The company had revenue of $636.67 million for the quarter, compared to the consensus estimate of $645.80 million. During the same quarter last year, the company posted $1.37 earnings per share. Cimarex Energy’s revenue was up 28.9% compared to the same quarter last year. Analysts expect that Cimarex Energy will post $7.03 EPS for the current fiscal year.
A number of other firms have also recently commented on XEC. Analysts at KLR Group upgraded shares of Cimarex Energy from a “hold” rating to an “accumulate” rating in a research note on Friday. They now have a $156.00 price target on the stock, up previously from $4.00. Separately, analysts at Howard Weil raised their price target on shares of Cimarex Energy from $182.00 to $211.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Finally, analysts at ISI Group downgraded shares of Cimarex Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $149.90.
Cimarex Energy Co, is an oil and gas exploration and production company. The Company’s operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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