Traders Purchase Large Volume of Cimarex Energy Call Options (XEC)
Shares of Cimarex Energy (NYSE:XEC) were the target of unusually large options trading activity on Tuesday. Traders acquired 772 call options on the stock, StockRatingsNetwork reports. This is an increase of 242% compared to the average daily volume of 226 call options.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Cimarex Energy from $143.00 to $170.00 in a research note on Wednesday, July 23rd. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cimarex Energy in a research note on Friday, July 18th. They now have a $160.00 price target on the stock, up previously from $142.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cimarex Energy in a research note on Monday, July 14th. They now have a $149.00 price target on the stock, up previously from $129.00. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $146.76.
Cimarex Energy (NYSE:XEC) traded down 2.92% on Tuesday, hitting $137.11. The stock had a trading volume of 1,555,614 shares. Cimarex Energy has a 52 week low of $77.22 and a 52 week high of $150.71. The stock’s 50-day moving average is $142.1 and its 200-day moving average is $123.. The company has a market cap of $11.933 billion and a P/E ratio of 20.10.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.71. The company had revenue of $636.67 million for the quarter, compared to the consensus estimate of $645.80 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, analysts predict that Cimarex Energy will post $6.97 earnings per share for the current fiscal year.
Cimarex Energy Co, is an oil and gas exploration and production company. The Company’s operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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