Insider Selling: Cimarex Energy Director Sells 1,070 Shares of Stock (XEC)
Cimarex Energy (NYSE:XEC) Director L Paul Teague sold 1,070 shares of Cimarex Energy stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $128.57, for a total value of $137,569.90. Following the completion of the transaction, the director now directly owns 44,155 shares in the company, valued at approximately $5,677,008. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Cimarex Energy from $125.00 to $160.00 in a research note on Thursday, May 22nd. Separately, analysts at Brean Capital initiated coverage on shares of Cimarex Energy in a research note on Tuesday, May 13th. They set a “hold” rating on the stock. Finally, analysts at KLR Group raised their price target on shares of Cimarex Energy from $13.00 to $133.00 in a research note on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Cimarex Energy presently has an average rating of “Buy” and a consensus target price of $129.00.
Cimarex Energy (NYSE:XEC) traded up 1.61% on Tuesday, hitting $128.57. The stock had a trading volume of 715,540 shares. Cimarex Energy has a 1-year low of $62.98 and a 1-year high of $139.90. The stock has a 50-day moving average of $121.5 and a 200-day moving average of $109.1. The company has a market cap of $11.190 billion and a P/E ratio of 18.00.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.15. The company had revenue of $599.20 million for the quarter, compared to the consensus estimate of $542.04 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 40.5% on a year-over-year basis. Analysts expect that Cimarex Energy will post $6.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, August 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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