Cimarex Reports First Quarter 2017 Results

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Cimarex Energy (XEC) PT Raised to $134 at UBS; Remains Neutral

May 11, 2017 10:19 AM EDT

UBS raised its price target on Cimarex Energy (NYSE: XEC) to $134.00 (from $131.00) while maintaining a Neutral rating. XEC believes its first well had unlocked Upper Wolfcamp potential in its White City acreage. It has also identified 32,000 net HBP'd acres in Lea County after redrawing the... More