Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Buy rating on Cimarex Energy on Tuesday, setting a price target of $43, which is approximately 26.47% above the present share price of $34.
McDermott expects Cimarex Energy to post earnings per share (EPS) of -$2.94 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Cimarex Energy, with an average price target of $39.58.
The analysts price targets range from a high of $54 to a low of $32.5.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $401.66 million and a net profit of $60.9 million. The company's market cap is $3.47 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.6% and a 45.95% 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.