In a report released today, Gabriele Sorbara from Williams Capital maintained a Buy rating on Cimarex Energy (XEC), with a price target of $109. The company’s shares closed yesterday at $72.27, close to its 52-week low of $71.22.
According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -8.0% and a 35.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cimarex Energy with a $120.36 average price target, representing a 66.5% upside. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $112 price target.
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Cimarex Energy’s market cap is currently $6.91B and has a P/E ratio of 10.58. The company has a Price to Book ratio of 2.28.
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Cimarex Energy Co. is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. It operates through the following areas: Permian Basin, Mid-Continent, and Others in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.
