Zacks Investment Research upgraded shares of CIMAREX ENERGY (XEC) from UNDERPERFORM to NEUTRAL on August 02, 2012, with a target price of $57.80.
Cimarex Energy is an independent oil and gas exploration and production company focused on increasing shareholder value through strategies linked to generating attractive economic returns on capital employed and profitable growth in per-share reserves, production, and cash flow. They intend to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions. They have a diversified base of high-quality production along with attractive drilling opportunities.
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