Jefferies analyst Michael Hsu reiterated a Hold rating on Cimarex Energy (NYSE: XEC) today and set a price target of $119. The company’s shares opened today at $117.16.
According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.5% and a 31.6% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Gulfport Energy Corp.
Currently, the analyst consensus on Cimarex Energy is Moderate Buy and the average price target is $144.11, representing a 23.0% upside.
In a report issued on May 10, Williams Capital also reiterated a Hold rating on the stock with a $148 price target.
The company has a one year high of $146.96 and a one year low of $108.97. Currently, Cimarex Energy has an average volume of 1.06M.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Paul Teague, a Director at XEC sold 1,038 shares for a total of $124,560.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cimarex Energy Co. is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. It projects covers Permian Basin and the Cana-Woodford in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.