KeyBanc analyst Leo Mariani maintained a Buy rating on Cimarex Energy (XEC) today and set a price target of $54.00. The company’s shares closed last Monday at $44.66, close to its 52-week low of $37.19.
According to TipRanks.com, Mariani is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.7% and a 29.9% success rate. Mariani covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Cimarex Energy has an analyst consensus of Strong Buy, with a price target consensus of $67.44.
See today’s analyst top recommended stocks >>
Based on Cimarex Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $108 million. In comparison, last year the company had a net profit of $146 million.
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.
