Cimarex Energy is a U.S. oil and gas exploration and production company focused on the Mid-Continent region and Permian Basin. Analyst Doug Leggate upgraded Cimarex after raising his oil price outlook through 2023.
Leggate says Cimarex's projected 20% free-cash-flow yield in 2022 would be one of the highest in the oil and gas space. Cimarex shares have lagged since the company announced a $17 billion merger with Cabot Oil & Gas Corp. (COG) in May.
Track the company's performance here: https://zyne.com/stock/XEC
Leggate says Cimarex's projected 20% free-cash-flow yield in 2022 would be one of the highest in the oil and gas space. Cimarex shares have lagged since the company announced a $17 billion merger with Cabot Oil & Gas Corp. (COG) in May.
Track the company's performance here: https://zyne.com/stock/XEC
