Market Overview

UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Cimarex Energy Co. on Solid Quarter

Share:
Related XEC
Earnings Scheduled For May 8, 2017
Benzinga's Top Upgrades, Downgrades For March 31, 2017

In a report published Wednesday, Dahlman Rose reiterated its Buy rating on Cimarex Energy Co. (NYSE: XEC), and raised its price target from $70.00 to $80.00.

Dahlman Rose noted, “XEC reported both better-than-expected 4Q results and 2013 guidance; however, reserves fell short of expectations, holding shares back Tuesday. Already up 16% YTD, we think 1H is light on drilling catalyst, but 2H growth and improving Permian well results will push shares higher. Increasing PT to $80/sh.”

Cimarex Energy Co. closed on Tuesday at $66.95.

Latest Ratings for XEC

DateFirmActionFromTo
Mar 2017Seaport GlobalDowngradesBuyNeutral
Feb 2017KLR GroupUpgradesHoldBuy
Jan 2017SunTrust Robinson HumphreyDowngradesBuyHold

View More Analyst Ratings for XEC
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

Related Articles (XEC)

View Comments and Join the Discussion!