Jefferies analyst Thomas Hughes reiterated a Buy rating on Cimarex Energy (XEC) today and set a price target of $117. The company’s shares opened today at $86.64.
Hughes has an average return of 5.3% when recommending Cimarex Energy.
According to TipRanks.com, Hughes is ranked #4397 out of 4897 analysts.
Currently, the analyst consensus on Cimarex Energy is a Strong Buy with an average price target of $131.33, implying a 51.6% 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 $8.42B and has a P/E ratio of 12.89. The company has a Price to Book ratio of 2.78.
Based on the recent corporate insider activity of 42 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.
