Merrill Lynch analyst Doug Leggate reiterated a Sell rating on Cimarex Energy (XEC) today and set a price target of $20.00. The company’s shares closed last Thursday at $24.30.
According to TipRanks.com, Leggate has 0 stars on 0-5 stars ranking scale with an average return of -5.5% and a 41.7% success rate. Leggate covers the Utilities sector, focusing on stocks such as Continental Resources, California Resources, and Occidental Petroleum.
Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $27.07.
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The company has a one-year high of $71.59 and a one-year low of $12.15. Currently, Cimarex Energy has an average volume of 3.77M.
Based on the recent corporate insider activity of 39 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.
