Analyst Ratings for Cimarex Energy Co. (XEC)

Updated: 2017-07-29

Analysts covering Cimarex Energy Co. (NYSE:XEC) have given it a consensus rating of Overweight. XEC had previously received a consensus rating of Overweight a month ago.

Of the 32 analysts covering the stock, 16 gave it a buy rating, 2 gave an overweight rating, 13 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Today, there are 4 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for XEC by the analysts covering the stock. The most optimistic analyst gave a price target of 212, which equates to a potential upside of 115.58 percent. The most pessimistic price target was 77, which equates to a potential downside of -21.7 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -5.9 percent. The average change in earnings estimates over the last 90 days is 3.27 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -9.45 percent. If we look at the last 90 days instead, we find a net average change of 0.36 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 16 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 18 analysts decreased their estimates.

XEC has traded between a high of 146.96 and a low of 89.49 over the past year. Today's price is 9.89 percent above the 52-week low, and below the high by 33.08 percent. XEC has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The XEC value stock report compares XEC to some of its peers using value stock charts. The stock has a market capitalization of $9.43 billion. XEC will post this quarters earnings in days, on 0000-00-00.