Cimarex Energy Gets a Hold from Jefferies

By Austin Angelo

Jefferies analyst Michael Hsu reiterated a Hold rating on Cimarex Energy (NYSE: XEC) today and set a price target of $123. The company’s shares closed yesterday at $119.80.

According to, Hsu is a 1-star analyst with an average return of -4.9% and a 33.3% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Continental Resources, Gulfport Energy Corp, and Range Resources Corp.

Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $154.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Last month, Joseph Albi, the Executive VP, COO of XEC sold 2,500 shares for a total of $307,500.

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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 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.