Raymond James Lowers Cimarex Energy to Market Perform (XEC)

By admin | 6 years ago

Cimarex Energy (NYSE: XEC) was downgraded by analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday.

XEC has been the subject of a number of other recent research reports. 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. Separately, analysts at Credit Agricole upgraded shares of Cimarex Energy to a “buy” rating in a research note to investors on Friday, May 4th. Finally, analysts at Societe Generale initiated coverage on shares of Cimarex Energy in a research note to investors on Monday, April 23rd. They set a “hold” rating on the stock.

Cimarex Energy traded up 0.05% on Thursday, hitting $56.00. 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 $4.800 billion and a price-to-earnings ratio of 9.27.

Cimarex Energy last posted its quarterly earnings results on Thursday, May 3rd. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.27 by $0.04. Analysts expect that Cimarex Energy will post $1.27 EPS next quarter.

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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