Cimarex Energy (XEC) PT Raised to $155 at Stifel

November 1, 2016 9:48 AM EDT
Get Alerts XEC Hot Sheet
Price: $137.98 -0.4%

Rating Summary:
    29 Buy, 15 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Stifel analyst Daniel Guffey raised his NAV and his price target on Buy-rated Cimarex Energy (NYSE: XEC) to $155.00 (from $142.00).

Guffey commented, "We are raising our NAV and target price 17% and 9% to $166 (Exhibit 1) and $155/share based on continued productivity gains across the company’s Delaware and Anadarko Basin assets. We believe XEC’s strong recent well performance throughout its high-quality asset base, combined with its significant operational and financial flexibility, will translate into above-consensus 2017 and 2018 growth. As such, XEC remains one our top picks."

For an analyst ratings summary and ratings history on Cimarex Energy click here. For more ratings news on Cimarex Energy click here.

Shares of Cimarex Energy closed at $129.13 yesterday.

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