Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Cimarex Energy (NYSE: XEC) on May 21 and set a price target of $132. The company’s shares closed yesterday at $99.35.
According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 4.7% and a 56.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on Cimarex Energy is Moderate Buy and the average price target is $126.73, representing a 27.6% upside.
In a report issued on May 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $186 price target.
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Cimarex Energy’s market cap is currently $9.48B and has a P/E ratio of 17.22. The company has a Price to Book ratio of 3.45.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.
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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.
