Cimarex (XEC) is Initiated by CapitalOne to Overweight

Cimarex (XEC) is Initiated by CapitalOne to Overweight , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Cimarex Energy Co (NYSE:XEC) ended Thursday session in red amid volatile trading. The shares closed down 4.82 points or 4.79% at $95.74 with 3,041,696 shares getting traded. Post opening the session at $100.8, the shares hit an intraday low of $94.43 and an intraday high of $100.86 and the price vacillated in this range throughout the day. The company has a market cap of $9,053 million and the number of outstanding shares has been calculated to be 94,559,630 shares. The 52-week high of Cimarex Energy Co (NYSE:XEC) is $132.18 and the 52-week low is $91.74.

During the last several months other analysts have commented on the company rating. JP Morgan initiates coverage on Cimarex Energy Co (NYSE:XEC) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $113 per share. The rating by the firm was issued on December 9, 2015.

Cimarex Energy Co (NYSE:XEC) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1.95 by 19 Wall Street Analysts. 10 analysts have added the shares in their list of strong buys. 1 stock experts have also rated a buy. 7 broker firms have advised hold. A sell call was initiated by 1 analysts.

Cimarex Energy Co (NYSE:XEC) shares are expected to touch $132.33 in the short term. This short term price target has been shared by 15 analysts. However, the standard deviation of short term price estimate has been valued at 15.29. The target price could hit $165 on the higher end and $99 on the lower end.

Cimarex Energy Co. has lost 10.04% in the last five trading days and dropped 17.83% in the last 4 weeks. Cimarex Energy Co. has dropped 7.79% during the last 3-month period . Year-to-Date the stock performance stands at -9.17%.

Cimarex Energy Co., is an oil and gas exploration and production company. The Company’s operations are focused in two main areas: the Mid-Continent region and the Permian Basin. The Mid-Continent region consists of Oklahoma, the Texas Panhandle, and southwest Kansas. Its Permian Basin region encompasses west Texas and southeast New Mexico. It also has operations in the Gulf Coast area, primarily in southeast Texas. As of December 31, 2012, its proved oil and gas reserves totaled 2.3 trillion cubic feet equivalent, consisting of 1.3 trillion cubic feet of gas and 168 million barrels of oil and natural gas liquids (liquids). Of total proved reserves, 45% are liquids and 80% are classified as proved developed. The wells it operates account for 68% of total proved reserves and approximately 80% of production. In July 2014, Cimarex Energy Co announced the acquisition of Western Oklahoma assets primarily located in the Cana-Woodford shale play.