UPDATE: Canaccord Initiates Coverage on Cimarex Energy on Market Leader Position

In a report published Tuesday, Canaccord Genuity analyst Ipsit Mohanty initiated coverage on Cimarex Energy Co. (NYSE: XEC ) with a Buy rating and $99.00 price target. In the report, Canaccord Genuity noted, “XEC has led the industry in the evolution of the Delaware Basin. In addition to successful exploration,