Cimarex Energy Co. Hits New 52-Week High at $97.60 (XEC)
Shares of Cimarex Energy (NYSE:XEC) hit a new 52-week high on Friday, American Banking and Market News reports. The company traded as high as $97.60 and last traded at $96.48, with a volume of 371,350 shares trading hands. The stock had previously closed at $95.79.
XEC has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Cimarex Energy (NYSE:XEC) from $99.00 to $115.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Cimarex Energy (NYSE:XEC) in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $99.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Cimarex Energy (NYSE:XEC) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 9th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $89.93.
In other Cimarex Energy news, COO Joseph Albi sold 2,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.48, for a total value of $190,960.00. Following the completion of the transaction, the chief operating officer now directly owns 92,633 shares of the company’s stock, valued at approximately $8,844,599. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cimarex Energy has a 52 week low of $55.74 and a 52 week high of $96.04. The stock has a 50-day moving average of $85.73 and a 200-day moving average of $75.68. The company has a market cap of $8.330 billion and a price-to-earnings ratio of 20.64.
Cimarex Energy (NYSE:XEC) last released its earnings data on Wednesday, August 7th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.12. The company had revenue of $493.76 million for the quarter, compared to the consensus estimate of $467.55 million. During the same quarter last year, the company posted $0.79 earnings per share. Cimarex Energy’s revenue was up 39.8% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, November 13th.
Cimarex Energy Co is an oil and gas exploration and production company. Its operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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