Susquehanna analyst Biju Perincheril reiterated a Hold rating on Cimarex Energy (NYSE: XEC) yesterday and set a price target of $100. The company’s shares closed on Friday at $89.99, close to its 52-week low of $82.45.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 14.4% and a 62.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources 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 $128.67 average price target, implying a 43.0% upside from current levels. In a report issued on August 8, J.P. Morgan also downgraded the stock to Hold with a $110 price target.
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The company has a one-year high of $130.16 and a one-year low of $82.45. Currently, Cimarex Energy has an average volume of 1.62M.
Based on the recent corporate insider activity of 52 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.
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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.
