Cimarex Energy (NYSE: XEC) reported second quarter earnings that blew analyst expectations out of the water, as higher oil and gas prices pushed revenues higher.

Thanks to solid production growth and firming energy prices, we’re bumping Cimarex Energy’s target buy price to 86.

Tata Motors (NYSE: TTM) also had a less-than-stellar quarter, reporting that passenger vehicle deliveries have dropped for 11 straight months due to weak domestic sales, with just 10,824 vehicles delivered in July. The company’s domestic plants that produce passenger vehicles are currently operating at just 60 percent of capacity, while commercial vehicle plants are operating at between 40 percent and 50 percent of capacity.

With Indian automotive sales forecast to grow by about 5 percent this year—well below their 15.5 percent average of the past few years—Tata Motors is now a sell.