Brokerage Firm Rating 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 2 which endorses a Buy 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) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $182 and the lowest price target forecast is $99. The average forecast of all the analysts is $141.19 and the expected standard deviation is $20.13.


For the current week, the company shares have a recommendation consensus of Buy. Cimarex Energy Co (NYSE:XEC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.88 and $126.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $131.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $129.80, notching a gain of 2.56% for the day. The total traded volume was 1,203,622 . The stock had closed at $126.56 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Executive VP, COO) of Cimarex Energy Co, Albi Joseph R had sold 3,500 shares worth of $401,310 in a transaction dated June 14, 2016. In this transaction, 3,500 shares were sold at $114.66 per share.

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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