Analysts fell to the sidelines weighing in on Cimarex Energy (NYSE:XEC) and Diamond Offshore Drilling (NYSE:DO) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Cimarex Energy (XEC)
Susquehanna analyst Biju Perincheril reiterated a Hold rating on Cimarex Energy on July 9 and set a price target of $113. The company’s shares closed yesterday at $99.97.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $128.45.
See today’s analyst top recommended stocks >>
Diamond Offshore Drilling (DO)
In a report issued on July 9, Charles Minervino from Susquehanna reiterated a Hold rating on Diamond Offshore Drilling, with a price target of $19. The company’s shares closed yesterday at $20.50, close to its 52-week high of $21.92.
According to TipRanks.com, Minervino has 0 stars on 0-5 star ranking scale with an average return of -6.6% and a 36.3% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Oil States International, and Schlumberger Limited.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Diamond Offshore Drilling with a $17 average price target.
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.
