Cimarex Energy (XEC) Update - Nov 16

[dan_s]

I just finished reviewing the updated Cimarex profile. It will be posted to the EPG website this evening and we will publish it in the morning.

XEC is trading at $33.74 at the time of this post.
My valuation is $45.00
Stifel's updated price target is $54.00 as of 11-13-2020.
First Call's price target is $40.50
XEC is generating solid FCF net of dividend payments.
~70% of their production on a BOE basis is natural gas and NGLs.