Siebert Williams Shank & Co Reaffirms Their Buy Rating on Cimarex Energy (XEC)

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Cimarex Energy (XEC) today and set a price target of $82.00. The company’s shares closed last Thursday at $67.22, close to its 52-week high of $70.75.

According to, Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.0% and a 34.1% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Magnolia Oil & Gas, and Matador Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cimarex Energy with a $80.73 average price target, implying a 18.0% upside from current levels. In a report issued on April 22, MKM Partners also upgraded the stock to Buy with a $78.00 price target.

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The company has a one-year high of $70.75 and a one-year low of $21.65. Currently, Cimarex Energy has an average volume of 1.12M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.

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