Cimarex Energy (NYSE:XEC)‘s stock had its “buy” rating reiterated by research analysts at Cowen in a research report issued on Thursday. They presently have a $165.00 target price on the oil and gas producer’s stock. Cowen’s price target suggests a potential upside of 32.38% from the company’s previous close.

Several other analysts have also commented on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $138.00 price target on shares of Cimarex Energy in a research report on Tuesday, January 9th. Jefferies Group set a $117.00 price target on shares of Cimarex Energy and gave the company a “hold” rating in a research report on Wednesday, December 20th. Seaport Global Securities raised shares of Cimarex Energy from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Robert W. Baird assumed coverage on shares of Cimarex Energy in a research report on Tuesday, December 19th. They set an “outperform” rating and a $137.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on shares of Cimarex Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $138.05.

Cimarex Energy (XEC) traded down $1.81 on Thursday, reaching $124.64. 984,731 shares of the company’s stock were exchanged, compared to its average volume of 942,742. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. Cimarex Energy has a twelve month low of $89.49 and a twelve month high of $142.88. The stock has a market cap of $11,870.00, a price-to-earnings ratio of 31.16 and a beta of 1.33.

Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The business had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. During the same period last year, the company posted $0.53 EPS. The business’s revenue was up 38.1% on a year-over-year basis. sell-side analysts forecast that Cimarex Energy will post 4.41 EPS for the current year.

In related news, COO Joseph R. Albi sold 1,000 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $113.75, for a total value of $113,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.88, for a total transaction of $307,200.00. The disclosure for this sale can be found here. Insiders sold a total of 32,264 shares of company stock valued at $3,804,134 in the last quarter. 1.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its holdings in Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 60 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Cimarex Energy in the 3rd quarter valued at approximately $206,000. D.A. Davidson & CO. increased its holdings in Cimarex Energy by 12.0% in the 2nd quarter. D.A. Davidson & CO. now owns 2,335 shares of the oil and gas producer’s stock valued at $219,000 after purchasing an additional 250 shares during the last quarter. Cue Financial Group Inc. acquired a new position in shares of Cimarex Energy in the third quarter worth $224,000. Finally, Farr Miller & Washington LLC DC acquired a new position in shares of Cimarex Energy in the third quarter worth $227,000. Hedge funds and other institutional investors own 92.20% of the company’s stock.

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About Cimarex Energy

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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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