Wells Fargo (NYSE:WFC) analyst Nitin Kumar CFA maintained a Hold rating on Cimarex Energy on Monday, setting a price target of $81, which is approximately 6.72% above the present share price of $75.9.
Kumar CFA expects Cimarex Energy to post earnings per share (EPS) of $1.10 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Cimarex Energy, with an average price target of $85.82.
The analysts price targets range from a high of $100 to a low of $67.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $712.38 million and a net profit of $371.74 million. The company's market cap is $7.8 billion.
According to TipRanks.com, Wells Fargo analyst Nitin Kumar CFA is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.0% and a 52.00% 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.