Cimarex Energy price target raised to $121 from $101 at Canaccord Canaccord raised Cimarex Energy's price target to $121 due to cost savings and 2014 estimated production growth driven by aggressive drilling in the JDA portion of Culberson. Shares are Buy rated.
News For XEC From The Last 14 Days
Check below for free stories on XEC the last two weeks.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Buy from Hold at Needham... Bon-Ton Stores (BONT) upgraded to Neutral from Underperform at Credit Suisse... Dollar Tree (DLTR) upgraded to Overweight from Equal Weight at Barclays... ECA Marcellus (ECT) upgraded to Outperform from Market Perform at Raymond James... GameStop (GME) upgraded to Buy from Hold at Needham... Insulet (PODD) upgraded to Outperform from Market Perform at Raymond James... PartnerRe (PRE) upgraded to Buy from Neutral at UBS... United Continental (UAL) upgraded to Buy from Neutral at Goldman... United Financial (UBNK) upgraded to Buy from Neutral at Sterne Agee... VeriFone (PAY) upgraded to Buy from Hold at Jefferies... Yum! Brands (YUM) upgraded to Buy from Hold at Deutsche Bank... Sun Life Financial (SLF) upgraded to Sector Perform from Underperform at Scotia... ServiceSource (SREV) upgraded at CLSA... Comstock Resources (CRK) upgraded to Buy from Hold at Stifel... Cimarex Energy (XEC) upgraded to Buy from Hold at Stifel.
Cimarex Energy upgraded to Buy from Hold at Stifel Stifel upgraded Cimarex Energy due to valuation, an under-leveraged balance sheet, and an acceleration in Delaware Basin Permian testing in 2014. Price target is $120.