In a report released today, Gabriele Sorbara from Williams Capital maintained a Buy rating on Cimarex Energy (XEC – Research Report), with a price target of $83. The company’s shares closed yesterday at $44.92, close to its 52-week low of $44.41.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -16.1% and a 27.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $78.91.
Cimarex Energy’s market cap is currently $4.56B and has a P/E ratio of 6.79. The company has a Price to Book ratio of 1.21.
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Cimarex Energy Co. is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. It operates through the following areas: Permian Basin, Mid-Continent, and Others in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.