Raymond James analyst John Freeman reiterated a Buy rating on Cimarex Energy on Wednesday, setting a price target of $102, which is approximately 46.76% above the present share price of $69.5.
Freeman expects Cimarex Energy to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in Cimarex Energy, with an average price target of $82.44.
The analysts price targets range from a high of $104 to a low of $72.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $679.47 million and a net profit of $341.56 million. The company's market cap is $7.15 billion.
According to TipRanks.com, Raymond James analyst John Freeman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 46.13% 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.