Recent Research Analysts’ Ratings Updates for Cimarex Energy (XEC)

Several analysts have recently updated their ratings and price targets for Cimarex Energy (NYSE: XEC):

  • 2/7/2018 – Cimarex Energy had its price target lowered by analysts at Morgan Stanley from $168.00 to $165.00. They now have an “overweight” rating on the stock.
  • 2/6/2018 – Cimarex Energy was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock.
  • 2/1/2018 – Cimarex Energy is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $164.00 price target on the stock.
  • 1/30/2018 – Cimarex Energy was given a new $122.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 1/29/2018 – Cimarex Energy was given a new $188.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/23/2018 – Cimarex Energy was given a new $152.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/23/2018 – Cimarex Energy was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating. They now have a $138.00 price target on the stock.
  • 1/21/2018 – Cimarex Energy was given a new $140.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/18/2018 – Cimarex Energy was given a new $165.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/9/2018 – Cimarex Energy had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $138.00 price target on the stock.
  • 12/20/2017 – Cimarex Energy was given a new $117.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 12/19/2017 – Cimarex Energy was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “buy” rating.
  • 12/19/2017 – Cimarex Energy is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $137.00 price target on the stock.

Shares of Cimarex Energy Co (NYSE XEC) opened at $100.19 on Monday. The firm has a market capitalization of $9,544.19, a price-to-earnings ratio of 26.65 and a beta of 1.14. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $136.31. 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 also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. Cimarex Energy’s dividend payout ratio is currently 8.51%.

In other Cimarex Energy news, CEO Thomas E. Jorden sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $113.14, for a total value of $565,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joseph R. Albi sold 2,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $112.41, for a total value of $224,820.00. The disclosure for this sale can be found here. Insiders sold a total of 22,820 shares of company stock worth $2,622,880 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

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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