Impact of Brokerage Rating on Cimarex Energy Co(XEC)

Many Cimarex Energy Co(XEC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Feb 3, 2017 to Buy, Raises Price Target to $ 170 from a previous price target of $155 .Cimarex Energy Co was Downgraded by KLR Group to Hold on Jan 20, 2017. Cimarex Energy Co was Upgraded by Jefferies to Hold on Jan 17, 2017. Cimarex Energy Co was Downgraded by SunTrust to Hold on Jan 17, 2017. Cimarex Energy Co was Resumed by Iberia on Jan 12, 2017 to Outperform, Price Target of the shares are set at $160.

Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Thomas E Jorden (CEO and President) sold 2,500 shares at 137.57 per share price.On Dec 16, 2016, Francis Brian Barron (Sr VP-General Counsel) sold 1,512 shares at 137.83 per share price.On Dec 16, 2016, John Lambuth (SVP-Exploration) sold 18,696 shares at 138.35 per share price.

Cimarex Energy Co Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.37. The company had revenue of $335.70 million for the quarter, compared to analysts expectations of $339.83 million. The companys revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.15 EPS.

Cimarex Energy Co (NYSE:XEC) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.84 by 25 Brokerage Firm. 14 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 10 Brokerage Firms have advised hold.

Cimarex Energy Co (NYSE:XEC) stock has received a short term price target of $ 152.8 from 30 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $26.23. The higher estimate of target price is $206 , while the lower price target estimate is $81

Cimarex Energy Co (NYSE:XEC) rose 2.65% or 3.52 points on Tuesday and made its way into the gainers of the day. After trading began at $133.1 the stock was seen hitting $136.31 as a peak level and $131.6 as the lowest level. The stock ended up at $136.25. The daily volume was measured at 1,383,906 shares. The 52-week high of the share price is $146.96 and the 52-week low is $75.01. The company has a market cap of $12,939 million.

Cimarex Energy is an independent oil and gas exploration and production company focused on increasing shareholder value through strategies linked to generating attractive economic returns on capital employed and profitable growth in per-share reserves, production, and cash flow. They intend to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions. They have a diversified base of high-quality production along with attractive drilling opportunities.


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