Cimarex Energy Co (XEC) Receives Analyst Rating

Cimarex Energy Co (XEC) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 24 equity analysts. Nonetheless, 16 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Cimarex Energy Co (XEC) : 27 Wall Street analysts covering Cimarex Energy Co (XEC) believe that the average level the stock could reach for the short term is $140.63. The maximum price target given is $182 and the minimum target for short term is around $81, hence the standard deviation is calculated at $22.62.


Also, Wells Fargo initiates coverage on Cimarex Energy Co (NYSE:XEC). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on August 31, 2016.

Cimarex Energy Co (NYSE:XEC): After opening at $125.9, the stock dipped to an intraday low of $125.06 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $128.79 and the buying power remained strong till the end. The stock closed at $127.65 for the day, a gain of 1.97% for the day session. The total traded volume was 712,890. The stocks close on the previous trading day was $125.18.

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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