Zacks Rating on Cimarex Energy Co (XEC)

Cimarex Energy Co (XEC) has an average broker rating of 1.56, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 13 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 3 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) : The highest level Cimarex Energy Co (XEC) is projected to reach is $182 for the short term and the lowest estimate is at $110. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $143.71 and the possibility the share price can swing is $19.63.


Shares of Cimarex Energy Co. rose by 2.79% in the last five trading days and 16.83% for the last 4 weeks. Cimarex Energy Co. is up 13.02% in the last 3-month period. Year-to-Date the stock performance stands at 49%. Cimarex Energy Co (NYSE:XEC): stock turned positive on Tuesday. Though the stock opened at $130.87, the bulls momentum made the stock top out at $134.07 level for the day. The stock recorded a low of $130.18 and closed the trading day at $132.74, in the green by 1.29%. The total traded volume for the day was 880,148. The stock had closed at $131.05 in the previous days trading.

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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