5 Energy Stocks to Buy According to Steve Pattyn’s Yaupon Capital

2. Cimarex Energy Co. (NYSE:XEC)

Yaupon Capital Stake Value: $6,646,000
Percentage of Yaupon Capital’s 13F Portfolio: 3.67%
Number of Hedge Fund Holders: 36

Cimarex Energy Co. (NYSE:XEC) is an American energy firm that specializes in hydrocarbon exploration, particularly shale oil and gas drilling. Cimarex Energy Co. (NYSE:XEC) operates primarily in the Permian Basin and the Anadarko Basin in Western Oklahoma.

Coterra Energy (NYSE:CTRA) is the new company formed by the merger of Cimarex Energy Co. (NYSE:XEC) and Cabot Oil & Gas Corporation. On November 3, Coterra Energy Inc. posted third-quarter results. The company’s EPS was $0.16, missing the estimates by $0.33. Revenue over the period was $440.39 million, up 51.3% YoY. In October, US Capital Advisors upgraded Coterra Energy to “Overweight” from “Hold” and gave a price target of $32.

According to the firm’s analyst, the merged business will trade at a reasonable price.