A number of firms have modified their ratings and price targets on shares of Cimarex Energy (NYSE: XEC) recently:

  • 11/13/2017 – Cimarex Energy was downgraded by analysts at UBS AG from a “positive” rating to a “neutral” rating.
  • 11/13/2017 – Cimarex Energy was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating.
  • 11/9/2017 – Cimarex Energy had its price target raised by analysts at SunTrust Banks, Inc. to $127.00. They now have a “hold” rating on the stock.
  • 11/9/2017 – Cimarex Energy had its price target raised by analysts at Imperial Capital from $135.00 to $141.00. They now have an “outperform” rating on the stock.
  • 11/8/2017 – Cimarex Energy had its “overweight” rating reaffirmed by analysts at Capital One Financial Co..
  • 11/8/2017 – Cimarex Energy had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 10/20/2017 – Cimarex Energy had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $130.00 price target on the stock.
  • 10/18/2017 – Cimarex Energy had its price target raised by analysts at Williams Capital from $132.00 to $140.00. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cimarex Energy had its price target raised by analysts at Morgan Stanley from $138.00 to $168.00. They now have an “overweight” rating on the stock.
  • 10/13/2017 – Cimarex Energy had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $120.00 price target on the stock.
  • 10/11/2017 – Cimarex Energy had its price target raised by analysts at Barclays PLC from $117.00 to $132.00. They now have an “overweight” rating on the stock.
  • 10/5/2017 – Cimarex Energy was given a new $168.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 9/19/2017 – Cimarex Energy is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $135.00 price target on the stock.
  • 9/18/2017 – Cimarex Energy had its price target lowered by analysts at Piper Jaffray Companies from $141.00 to $116.00. They now have a “neutral” rating on the stock.

Cimarex Energy Co (XEC) opened at $115.53 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The stock has a market cap of $11,609.45, a PE ratio of 32.07 and a beta of 1.35.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The business had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. equities research analysts anticipate that Cimarex Energy Co will post 4.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Cimarex Energy’s dividend payout ratio is 8.51%.

In related news, Director Harold R. Logan, Jr. sold 913 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $105.83, for a total value of $96,622.79. Following the sale, the director now directly owns 9,299 shares in the company, valued at approximately $984,113.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph R. Albi sold 4,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $106.13, for a total transaction of $424,520.00. The disclosure for this sale can be found here. Insiders sold a total of 26,107 shares of company stock worth $2,918,092 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.

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