Analyst Rating Update on Cimarex Energy Co (XEC)

Cimarex Energy Co (XEC) : The consensus on Cimarex Energy Co (XEC) based on 19 analyst recommendation on the company stock is 1.53, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Cimarex Energy Co (XEC).

Cimarex Energy Co (XEC) : Currently there are 16 street experts covering Cimarex Energy Co (XEC) stock. The most bullish and bearish price target for the stock is $182 and $99 respectively for the short term. The average price target of all the analysts comes to $138.56. The estimated standard deviation from the target is $20.92.

For the current week, the company shares have a recommendation consensus of Buy.


Cimarex Energy Co (NYSE:XEC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.89 and $116.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $121.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $121.39, notching a gain of 3.98% for the day. The total traded volume was 958,121 . The stock had closed at $116.74 on the previous day.

Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma, Texas and New Mexico. The Companys exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarexs Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014, the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation, and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Companys Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.

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