Cimarex Energy (XEC) Update - Dec 28

dan_s · Post by **dan_s** » Fri Dec 28, 2018 2:56 pm

When Cimarex closes the merger with Resolute Energy (REN) it will have a lot more upside for us. It is expected to close at the end of Q1 2019.

In the last 3 months, 12 ranked analysts set 12-month price targets for XEC. The average price target among the analysts is $118.55.

The two most recent analysts' reports submitted to Reuters both rate XEC a BUY with valuations of $109 and $112. I'm sure there is some discount in their valuations for the risk of the deal not closing. The First Call estimates for this one include some reports that do not include the impact of the merger.

XEC is trading today at $62/share.