Cimarex Energy (NYSE:XEC) has been assigned a $188.00 price objective by analysts at Stifel Nicolaus in a report released on Monday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 64.44% from the company’s current price.
Several other equities analysts have also issued reports on XEC. Barclays boosted their price objective on Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Citigroup reiterated a “buy” rating and issued a $120.00 price objective on shares of Cimarex Energy in a research report on Friday, October 13th. Williams Capital boosted their price objective on Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Morgan Stanley boosted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 price objective on shares of Cimarex Energy in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $139.75.
Shares of Cimarex Energy (NYSE:XEC) traded down $4.35 on Monday, hitting $114.33. The company had a trading volume of 1,646,050 shares, compared to its average volume of 916,361. 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 1-year low of $89.49 and a 1-year high of $138.31. The firm has a market cap of $10,890.00, a price-to-earnings ratio of 28.58 and a beta of 1.33.
In other Cimarex Energy news, Director Lisa A. Stewart bought 248 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $112.06 per share, with a total value of $27,790.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total value of $312,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,264 shares of company stock worth $3,804,134. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in shares of Cimarex Energy by 24.9% during the 4th quarter. Bessemer Group Inc. now owns 37,692 shares of the oil and gas producer’s stock worth $4,599,000 after acquiring an additional 7,522 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Cimarex Energy during the 4th quarter worth approximately $200,000. Capital Advisors Inc. OK acquired a new position in shares of Cimarex Energy during the 4th quarter worth approximately $205,000. Eagle Ridge Investment Management acquired a new position in shares of Cimarex Energy during the 4th quarter worth approximately $204,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Cimarex Energy during the 4th quarter worth approximately $564,000. 92.31% of the stock is currently owned by institutional investors and hedge funds.
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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.
