Barclays Maintains an 'Overweight' on Cimarex Energy (XEC); Raising Numbers on Strong L-T Growth

Barclays maintains an 'Overweight' on Cimarex Energy (NYSE: XEC) price target raised from $73 to $94.

Analyst, Jeffrey W. Robertson, said, "We believe XEC's asset base provides a large inventory of liquids-rich projects in the Mid-Continent and Permian Basin to support volume growth over the next several years."

"We are revising our FY12 EPS/DCFPS estimates to $5.00/$13.45 from $4.75/$12.75 and our FY13 EPS/DCFPS estimates to $6.15/$15.85 from $5.45/$14.10."

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 $81.59 yesterday.

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