Piper Jaffray Keeps a Hold Rating on Cimarex Energy (XEC)


In a report released today, David Kistler from Piper Jaffray maintained a Hold rating on Cimarex Energy (NYSE: XEC). The company’s shares opened today at $93.30.

According to TipRanks.com, Kistler is a 4-star analyst with an average return of 10.3% and a 63.0% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cimarex Energy with a $123.14 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $130.16 and a one-year low of $80.53. Currently, Cimarex Energy has an average volume of 1.25M.

Based on the recent corporate insider activity of 47 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts