FBR Capital lowered shares of Cimarex Energy (NYSE: XEC) from an outperform rating to a market perform rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports. FBR Capital currently has $72.00 price target on the stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of Cimarex Energy from $64.00 to $78.00 in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase raised their price target on shares of Cimarex Energy to $79.00 in a research note to investors on Thursday, February 21st. Finally, analysts at BMO Capital Markets upgraded shares of Cimarex Energy from a market perform rating to an outperform rating in a research note to investors on Thursday, February 21st. They now have a $85.00 price target on the stock, up previously from $70.00.

Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $79.08.

Cimarex Energy (NYSE: XEC) traded up 1.63% on Wednesday, hitting $75.50. Cimarex Energy has a 52-week low of $73.44 and a 52-week high of $79.69. The stock’s 50-day moving average is currently $76.4. The company has a market cap of $6.524 billion and a price-to-earnings ratio of 18.20.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, May 13th. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.12.

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s exploration and development (NYSE: XEC) activities have been conducted primarily within two main areas: the Mid-Continent region and the Permian Basin.

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