Cimarex Energy Co (NYSE:XEC) has been given a consensus recommendation of “Buy” by the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $143.11.
XEC has been the subject of several recent analyst reports. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Cowen set a $165.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. KLR Group lowered shares of Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Tuesday, January 23rd. Robert W. Baird set a $121.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, UBS Group lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th.
In other Cimarex Energy news, COO Joseph R. Albi sold 1,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,479 shares of company stock valued at $2,000,868. 1.70% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Advisor Group Inc. boosted its position in Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares during the period. Assetmark Inc. boosted its position in Cimarex Energy by 1,015.9% during the fourth quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after purchasing an additional 894 shares during the period. LMR Partners LLP bought a new position in Cimarex Energy during the fourth quarter worth about $200,000. Eagle Ridge Investment Management bought a new position in Cimarex Energy during the fourth quarter worth about $204,000. Finally, Capital Advisors Inc. OK bought a new position in Cimarex Energy during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.
Cimarex Energy (NYSE XEC) traded down $0.03 during midday trading on Wednesday, hitting $98.73. 2,091,300 shares of the stock traded hands, compared to its average volume of 1,218,830. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $134.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 1.38. The company has a market cap of $9,405.11, a price-to-earnings ratio of 19.02 and a beta of 1.14.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The firm had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was up 44.1% compared to the same quarter last year. equities analysts forecast that Cimarex Energy will post 7.28 EPS for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 0.32%. Cimarex Energy’s payout ratio is currently 6.17%.
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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.
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