Jefferies analyst Thomas Hughes reiterated a Buy rating on Cimarex Energy (XEC) on November 12 and set a price target of $115. The company’s shares closed yesterday at $86.57.
According to TipRanks.com, Hughes is ranked #4450 out of 4890 analysts.
Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $122, implying a 40.9% upside from current levels. In a report issued on November 7, Williams Capital also reiterated a Buy rating on the stock with a $129 price target.
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Cimarex Energy’s market cap is currently $8.08B and has a P/E ratio of 12.68. The company has a Price to Book ratio of 2.74.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XEC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
