Analyst Price Target Update on Cimarex Energy Co (NYSE:XEC)

Cimarex Energy Co (NYSE:XEC) stock has received a short term price target of $ 120.17 from 18 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $20.87. The higher estimate of target price is $160 , while the lower price target estimate is $75

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Wunderlich maintains its outlook on Cimarex Energy Co (NYSE:XEC). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $105 per share to $122 per share. The rating by the firm was issued on May 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The (Executive VP, COO) of Cimarex Energy Co, Albi Joseph R sold 1,250 shares at $120 on June 7, 2016. The Insider selling transaction had a total value worth of $150,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cimarex Energy Co (NYSE:XEC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.08 points or 0.94% at $113.59 with 1,435,394 shares getting traded. Post opening the session at $114.08, the shares hit an intraday low of $113.27 and an intraday high of $115.27 and the price was in this range throughout the day. The company has a market cap of $10,770 million and the number of outstanding shares have been calculated to be 94,815,010 shares. The 52-week high of Cimarex Energy Co (NYSE:XEC) is $124.905 and the 52-week low is $72.77.

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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