Media coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cimarex Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.3380053364184 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Cimarex Energy (NYSE XEC) traded down $4.09 during trading on Tuesday, hitting $112.80. The stock had a trading volume of 961,900 shares, compared to its average volume of 1,049,595. Cimarex Energy has a one year low of $89.49 and a one year high of $146.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market capitalization of $11,135.05, a P/E ratio of 30.76 and a beta of 1.34.
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, beating analysts’ consensus estimates of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. equities research analysts predict that Cimarex Energy will post 4.35 EPS for the current fiscal year.
Several research firms have commented on XEC. Jefferies Group set a $115.00 price objective on shares of Cimarex Energy and gave the company a “hold” rating in a report on Thursday, November 16th. Capital One Financial reissued an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Scotiabank set a $143.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Saturday, November 25th. Imperial Capital assumed coverage on shares of Cimarex Energy in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $135.00 target price for the company. Finally, Barclays boosted their target price on shares of Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $137.14.
In other Cimarex Energy news, VP Stephen P. Bell sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director L Paul Teague sold 3,248 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.03, for a total value of $406,097.44. Following the sale, the director now directly owns 41,146 shares of the company’s stock, valued at $5,144,484.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,948 shares of company stock worth $3,212,315. 1.70% of the stock is owned by company insiders.
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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.
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