Topeka Capital Markets Boosts Cimarex Energy Price Target to $153.00 (XEC)
Topeka Capital Markets lifted their price objective on shares of Cimarex Energy (NYSE:XEC) from $150.00 to $153.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price objective suggests a potential upside of 9.96% from the company’s current price.
Other equities research analysts have also recently issued reports about 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. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Cimarex Energy presently has an average rating of “Buy” and an average price target of $150.05.
In other Cimarex Energy news, CFO Paul Korus unloaded 5,000 shares of Cimarex Energy stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $139.02, for a total transaction of $695,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Cimarex Energy (NYSE:XEC) opened at 139.14 on Tuesday. Cimarex Energy has a 1-year low of $81.64 and a 1-year high of $150.71. The stock has a 50-day moving average of $140.1 and a 200-day moving average of $127.1. The company has a market cap of $12.108 billion and a P/E ratio of 18.65.
Cimarex Energy (NYSE:XEC) last released its 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 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 $7.02 earnings per share for the current fiscal year.
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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