Cimarex Energy Receives Average Recommendation of “Buy” from Brokerages (NYSE:XEC)
Shares of Cimarex Energy (NYSE:XEC) have earned a consensus rating of “Buy” from the twenty-seven brokerages that are presently covering the company, Analyst Ratings Network reports. Ten equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $149.90.
In other Cimarex Energy news, VP John Lambuth sold 1,335 shares of Cimarex Energy stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $138.54, for a total transaction of $184,950.90. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Cimarex Energy (NYSE:XEC) opened at 136.55 on Thursday. Cimarex Energy has a 52 week low of $77.87 and a 52 week high of $150.71. The stock’s 50-day moving average is $141. and its 200-day moving average is $125.1. The company has a market cap of $11.883 billion and a P/E ratio of 18.41.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.71 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, analysts predict that Cimarex Energy will post $7.16 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.