Shares of Cimarex Energy Co (NYSE:XEC) have been assigned a consensus rating of “Buy” from the twenty-five analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $143.11.
A number of equities analysts have weighed in on the company. Seaport Global Securities raised Cimarex Energy from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Deutsche Bank assumed coverage on Cimarex Energy in a research report on Thursday, February 1st. They issued a “buy” rating and a $164.00 target price for the company. SunTrust Banks raised Cimarex Energy from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday, February 6th. Robert W. Baird assumed coverage on Cimarex Energy in a research report on Tuesday, December 19th. They issued an “outperform” rating and a $137.00 target price for the company. Finally, Barclays boosted their target price on Cimarex Energy from $132.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th.
Cimarex Energy (NYSE XEC) traded down $0.03 on Wednesday, hitting $98.73. The stock had a trading volume of 2,091,300 shares, compared to its average volume of 1,218,830. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9,405.11, a price-to-earnings ratio of 19.02 and a beta of 1.14. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $134.09.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The business had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. During the same quarter in the previous year, the firm earned $0.60 EPS. Cimarex Energy’s revenue was up 44.1% on a year-over-year basis. equities analysts anticipate that Cimarex Energy will post 7.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.32%. Cimarex Energy’s payout ratio is 6.17%.
In other Cimarex Energy news, COO Joseph R. Albi sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $113.75, for a total value of $113,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total value of $307,200.00. The disclosure for this sale can be found here. Insiders sold a total of 17,479 shares of company stock valued at $2,000,868 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in shares of Cimarex Energy by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Cimarex Energy by 1,015.9% during the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after acquiring an additional 894 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Cimarex Energy during the 4th quarter worth approximately $200,000. Eagle Ridge Investment Management purchased a new stake in shares of Cimarex Energy during the 4th quarter worth approximately $204,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Cimarex Energy during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 91.68% of the company’s stock.
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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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