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Fly News Breaks for February 8, 2019
XEC
Feb 8, 2019 | 09:24 EDT
As reported previously, Susquehanna analyst Biju Perincheril upgraded Cimarex Energy to Positive from Neutral. The analyst believes its capital efficiency is set to improve as an extended period of Permian spacing tests, which negatively impacted well productivity, is largely behind the company. This, coupled with more oil-well growth from REN assets, provides a visible path for free-cash-flow generations, said Perincheril, who raised his price target to $88 from $74 on Cimarex shares.
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