Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Buy rating on Cimarex Energy on Friday, setting a price target of $37, which is approximately 35.83% above the present share price of $27.24.
McDermott expects Cimarex Energy to post earnings per share (EPS) of -$9.28 for the third quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Cimarex Energy, with an average price target of $38.14.
The analysts price targets range from a high of $45 to a low of $33.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $249.38 million and a net profit of -$117.97 million. The company's market cap is $2.78 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.8% and a 38.46% success rate.
Cimarex Energy Co (NYSE:XEC). is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. It operates through the following areas: Permian Basin, Mid-Continent, and Others in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.