Cimarex Energy Rating Increased to Buy at Societe Generale (XEC)

By admin | 6 years ago

Cimarex Energy (NYSE: XEC) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Shares of Cimarex Energy traded down 3.57% during mid-day trading on Tuesday, hitting $54.76. Cimarex Energy has a 52 week low of $50.80 and a 52 week high of $96.41. The company has a market cap of $4.694 billion and a P/E ratio of 9.40.

Cimarex Energy last announced its earnings results on Thursday, May 3rd. The company reported $1.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.27 by $0.04. On average, analysts predict that Cimarex Energy will post $1.26 earnings per share next quarter.

A number of other firms have also recently commented on XEC. Analysts at Raymond James (NYSE: RJF) downgraded shares of Cimarex Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, May 17th. Separately, analysts at Canaccord Genuity upgraded shares of Cimarex Energy from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 8th. They now have a $84.00 price target on the stock. Finally, analysts at Credit Agricole upgraded shares of Cimarex Energy to a “buy” rating in a research note to investors on Friday, May 4th.

Cimarex Energy Co (Cimarex) is an independent oil and gas exploration and production company. Its operations are located in Texas, Oklahoma, New Mexico, Kansas and Wyoming.

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