XEC
Posted: Tue Feb 22, 2011 12:34 pm
Cimarex Energy (XEC) rose 8.3% last week. Lazard capital raised its price target to $136 from $122, maintaining a buy rating, after the company announced fourth quarter results and a discovery in the Permian Basin. Meanwhile, Tudor Pickering upgraded the stock to buy from accumulate. However UBS cut its rating to neutral from buy.
My Fair Value estimate for XEC is now $125/share.
My Fair Value estimate for XEC is now $125/share.