Cimarex Energy (NYSE:XEC) received a $140.00 target price from stock analysts at KeyCorp in a report issued on Sunday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. KeyCorp’s target price suggests a potential upside of 12.87% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Seaport Global Securities raised shares of Cimarex Energy from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Barclays increased their price target on shares of Cimarex Energy from $132.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Jefferies Group set a $115.00 price target on shares of Cimarex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. Imperial Capital increased their price target on shares of Cimarex Energy from $135.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Robert W. Baird assumed coverage on shares of Cimarex Energy in a research report on Tuesday, December 19th. They issued an “outperform” rating and a $137.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $138.55.
Cimarex Energy (XEC) traded down $0.60 during midday trading on Friday, hitting $124.04. 830,800 shares of the company traded hands, compared to its average volume of 934,131. Cimarex Energy has a twelve month low of $89.49 and a twelve month high of $142.88. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $11,850.00, a PE ratio of 31.01 and a beta of 1.33.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. sell-side analysts predict that Cimarex Energy will post 4.42 earnings per share for the current year.
In related news, Director Lisa A. Stewart purchased 248 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $112.06 per share, with a total value of $27,790.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Krista L. Johnson sold 5,341 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $116.46, for a total transaction of $622,012.86. Following the completion of the sale, the vice president now directly owns 42,938 shares of the company’s stock, valued at approximately $5,000,559.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,264 shares of company stock valued at $3,804,134. Company insiders own 1.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in shares of Cimarex Energy by 5.3% in the second 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 in the last quarter. Meeder Asset Management Inc. bought a new position in Cimarex Energy in the third quarter valued at approximately $206,000. Cue Financial Group Inc. bought a new position in Cimarex Energy in the third quarter valued at approximately $224,000. Farr Miller & Washington LLC DC bought a new position in Cimarex Energy in the third quarter valued at approximately $227,000. Finally, AE Wealth Management LLC bought a new position in Cimarex Energy in the third quarter valued at approximately $246,000. 92.00% of the stock is owned by institutional investors and hedge funds.
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Cimarex Energy Company Profile
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.