Cimarex Energy (NYSE:XEC) was downgraded by stock analysts at Susquehanna Bancshares from a “positive” rating to a “neutral” rating in a note issued to investors on Monday.
A number of other equities analysts have also issued reports on XEC. Morgan Stanley upped their target price on shares of Cimarex Energy from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Cowen started coverage on shares of Cimarex Energy in a research report on Thursday, November 29th. They set a “market perform” rating and a $95.00 target price on the stock. JPMorgan Chase & Co. set a $88.00 target price on shares of Cimarex Energy and gave the stock a “hold” rating in a research report on Friday, December 7th. Jefferies Financial Group set a $117.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Finally, Williams Capital set a $129.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $112.19.
Shares of Cimarex Energy stock opened at $70.62 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.62 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 15.19 and a beta of 1.45. Cimarex Energy has a 1-year low of $55.62 and a 1-year high of $103.91.
In related news, Director Michael J/Co Sullivan sold 1,492 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $70.22, for a total value of $104,768.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of XEC. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Cimarex Energy in the fourth quarter worth $26,000. First Bank & Trust bought a new stake in shares of Cimarex Energy during the fourth quarter worth $28,000. Huntington National Bank increased its position in shares of Cimarex Energy by 948.3% during the fourth quarter. Huntington National Bank now owns 629 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 569 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Cimarex Energy during the fourth quarter worth $49,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Cimarex Energy during the fourth quarter worth $66,000. Institutional investors own 99.61% of the company’s stock.
Cimarex Energy Company Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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