Cimarex Energy Receives Consensus Rating of “Buy” from Brokerages (NYSE:XEC)
Cimarex Energy (NYSE:XEC) has been given an average rating of “Buy” by the twenty-seven ratings firms that are covering the company, Analyst Ratings Network.com reports. Ten equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $149.90.
XEC has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Cimarex Energy from $170.00 to $172.00 in a research note on Friday, August 8th. Separately, analysts at KLR Group upgraded shares of Cimarex Energy from a “hold” rating to an “accumulate” rating in a research note on Friday, August 8th. They now have a $156.00 price target on the stock, up previously from $4.00. Finally, 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, August 7th. They now have a “sector outperform” rating on the stock.
Shares of Cimarex Energy (NYSE:XEC) traded down 0.98% on Thursday, hitting $134.80. 62,266 shares of the company’s stock traded hands. Cimarex Energy has a 52-week low of $77.87 and a 52-week high of $150.71. The stock has a 50-day moving average of $141.6 and a 200-day moving average of $124.8. The company has a market cap of $11.730 billion and a P/E ratio of 18.81.
Cimarex Energy (NYSE:XEC) last announced its earnings results 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 in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts predict that Cimarex Energy will post $7.04 earnings per share for the current fiscal year.
In other Cimarex Energy news, VP John Lambuth unloaded 1,335 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $138.54, for a total transaction of $184,950.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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