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Fly News Breaks for August 9, 2018
XEC
Aug 9, 2018 | 05:04 EDT
Imperial Capital analyst Irene Haas lowered her price target for Cimarex Energy to $128 to reflect "weak" onshore natural gas prices following the company's weaker than expected Q2 results. The analyst updated her estimates following the quarter and notes her new price target is about 44% above the recent share price. Cimarex continues to offset rising oil service cost inflation with efficiency gains, Haas tells investors in a research note.
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