Cimarex Energy Declares Quarterly Cash Dividend

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Simmons Raises Price Target on Cimarex Energy (XEC) Following 1Q Report

May 17, 2016 7:13 AM EDT

Simmons reiterated an Overweight rating on Cimarex Energy (NYSE: XEC), and raised the price target to $133.00 (from $125.00), following the company's 1Q earnings report. The company raised FY'16 production guidance by 5% at the midpoint while boosting FY'16 capex guidance by 8% at the midpoint.

Analyst Pearce Hammond commented, "XEC... More