Zachs:
"We are upbeat about Cimarex Energy Co’s XEC prospects and believe it is a promising pick right now. The company currently carries a Zacks Rank #2 (Buy) and a VGM Score of B. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best opportunities for investors. Let’s take a look at the other factors that make this upstream energy player an attractive bet."
Read: https://finance.yahoo.com/news/heres-wh ... 02929.html
MY TAKE: On my forecast/valuation model for Cimarex, I have added column T that shows what the company should look like in 2019 after the merger with Energen closes. Note that post-merger, Cimarex's production mix should be approximately 39% natural gas, 34% crude oil and 27% NGLs. First Call's price target for XEC is $125/share.
Cimarex Energy Update - Nov 28
Cimarex Energy Update - Nov 28
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group