Cimarex Energy COO Unloads $720,000 in Stock (XEC)
Cimarex Energy (NYSE:XEC) COO Joseph R. Albi unloaded 5,000 shares of Cimarex Energy stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $144.00, for a total transaction of $720,000.00. Following the completion of the sale, the chief operating officer now directly owns 84,770 shares in the company, valued at approximately $12,206,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Cimarex Energy (NYSE:XEC) traded down 1.92% on Tuesday, hitting $142.38. The stock had a trading volume of 900,727 shares. Cimarex Energy has a one year low of $82.92 and a one year high of $150.71. The stock’s 50-day moving average is $140.2 and its 200-day moving average is $128.6. The company has a market cap of $12.390 billion and a price-to-earnings ratio of 20.06.
Cimarex Energy (NYSE:XEC) last released its 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 $7.01 earnings per share for the current fiscal year.
A number of research firms have recently commented on XEC. Analysts at Canaccord Genuity raised their price target on shares of Cimarex Energy from $183.00 to $189.00 in a research note on Wednesday, August 27th. Separately, analysts at Topeka Capital Markets raised their price target on shares of Cimarex Energy from $150.00 to $153.00 in a research note on Tuesday, August 26th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Cimarex Energy from $170.00 to $172.00 in a research note on Friday, August 8th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Cimarex Energy presently has a consensus rating of “Buy” and a consensus target price of $151.00.
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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