Analysts Offer Insights on Materials Companies: Cimarex Energy (NYSE: XEC) and Seacor Smit Inc (NYSE: CKH)

By Jason Carr

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Cimarex Energy (NYSE: XEC) and Seacor Smit Inc (NYSE: CKH) with bullish sentiments.

Cimarex Energy (NYSE: XEC)

Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Cimarex Energy (NYSE: XEC) yesterday and set a price target of $187. The company’s shares opened today at $92.60, close to its 52-week high of $146.96.

According to TipRanks.com, Scialla is ranked 0 out of 5 stars with an average return of -19.8% and a 18.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Quicksilver Resources Inc, and Abraxas Petroleum Corp.

Currently, the analyst consensus on Cimarex Energy is Moderate Buy and the average price target is $143, representing a 54.4% upside.

In a report issued on June 21, BMO Capital also reiterated a Buy rating on the stock with a $150 price target.
Seacor Smit Inc (NYSE: CKH)

In a report released yesterday, Benjamin Nolan from Stifel Nicolaus reiterated a Buy rating on Seacor Smit Inc (NYSE: CKH), with a price target of $37. The company’s shares opened today at $32.64, close to its 52-week high of $76.32.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -9.8% and a 41.8% success rate. Nolan covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners Lp, and Dynagas LNG Partners LP .

Seacor Smit Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37.

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