Analysts upbeat on the outlook for Cimarex Energy Co
The Cimarex Energy Co (NYQ:XEC) share price has risen by 21.6% over the past month and it’s currently trading at 27.64. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Cimarex Energy Co currently has:
- 7 Buy recommendations
- 8 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 27.64, shares in Cimarex Energy Co are trading at a discount of -55.8% to its 52 week high price. The 1-year performance of the shares has been -56.4%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Cimarex Energy Co it's worth doing some investigation yourself.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Cimarex Energy Co it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Cimarex Energy Co that you can find out about here.
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