Cimarex Energy (NYSE:XEC) Target Raised by UBS Group AG to $45.00

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Cimarex Energy stock has undergone multiple analysts rating changes in the recent past.  Cimarex Energy stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $45.00. The analysts previously had $30.00 target price. UBS Group AG’s price target would indicate a potential upside of 68.35% from the stock’s previous close.

Shares of Cimarex Energy traded up $1.10 on Monday, reaching $27.06. 0 shares of the stock traded hands, compared to its average volume of 1803282. Shares of were trading at $27.06 on Monday. The firm’s 50 day moving average is $$26.40 and its 200 day moving average is $36.66.Cimarex Energy  has a 12 month low of $25.98 and a 12 month high of $61.16. While on yearly highs and lows, Cimarex Energy today has traded high as $27.27 and has touched $25.98 on the downward trend.

Cimarex Energy Earnings and What to expect: 

Cimarex Energy last announced its earnings results on May 6th, 2020. The oil and gas producer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. The firm had revenue of $472.83 million for the quarter, compared to analyst estimates of $504.50 million. Its quarterly revenue was down 18.0% on a year-over-year basis. Cimarex Energy has generated $4.46 earnings per share over the last year. Cimarex Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 3rd, 2020 based off prior year’s report dates.

Earnings for Cimarex Energy are expected to grow in the coming year, from ($0.30) to $0.60 per share. The P/E ratio of Cimarex Energy is -2.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Cimarex Energy is -2.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Cimarex Energy has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.00%
  • On 3/13/2020 CEO Thomas E. Jorden Buy 10,971 at average share price of $16.58 which equates to $181,899.18 in money value.
  • On 3/10/2020 CEO Thomas E. Jorden Buy 10,000 at average price of  $16.28 with total value of : Not Data Available
  • On 3/9/2020 Director Harold R Logan Jr Buy 2,000 at average price of  $15.07 with total value of : $30,140.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Cimarex Energy

  • 6/25/2020 – Cimarex Energy had its price target raised by analysts at Wells Fargo & Co from $29.00 to $32.00. They now have an “equal weight” rating on the stock.
  • 6/22/2020 – Cimarex Energy was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “neutral” rating. They now have a $33.00 price target on the stock.
  • 6/19/2020 – Cimarex Energy had its price target raised by analysts at Mizuho from $36.00 to $45.00.
  • 6/11/2020 – Cimarex Energy had its price target raised by analysts at KeyCorp from $38.00 to $43.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Suncor Energy had its price target raised by analysts at UBS Group AG from $24.50 to $42.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Media General had its price target raised by analysts at UBS Group AG to $4.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Cenovus Energy had its price target raised by analysts at UBS Group AG from $2.70 to $6.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Canadian Natural Resources had its price target raised by analysts at UBS Group AG from $28.00 to $37.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Cimarex Energy (NYSE:XEC) Moving Average Technical Analysis

5 day Moving Average is $$27.43 And 5 day price change is -$2.78 (-9.32%)  with average volume for 5 day average is 1,518,520. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $29.35 and 20 day price change is -$0.37 (-1.35%) and average 20 day moving volume is 1,837,815. 50 day moving average is $26.40  and 50 day price change is $6.53 ( 31.81%)  and with average volume for 50 days is : 2,031,548. 200 day moving average is $36.66  and 200 day price change is -$17.25 (-38.93%)  and with average volume for 200 days is : 2,450,402.

See More Analyst Rating at: RATING