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.

Investment analysts gave a few price targets for XEC. The maximum price target given was 212, implying potential capital gains of 115.58 percent. The most pessimistic price target was 77, implying potential capital losses of -21.7 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates downwards for this quarter, by about -5.9 percent on average, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 16 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. The current market price is above the trailing year's low by 9.89 percent, and 33.08 percent below the high. XEC has a P/E 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's next earnings release will be on 0000-00-00, which is days away.