Other equities analysts also recently issued reports about the company. KLR Group upgraded Cimarex Energy from a hold rating to a buy rating and set a $174.00 price objective for the company in a research report on Friday, February 17th. Scotiabank restated a buy rating and set a $161.00 price objective on shares of Cimarex Energy in a research report on Thursday, February 16th. Stifel Nicolaus raised their price objective on Cimarex Energy from $155.00 to $170.00 and gave the stock a buy rating in a research report on Friday, February 3rd. Citigroup Inc restated a buy rating and set a $166.00 price objective (up from $164.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Finally, Williams Capital upgraded Cimarex Energy from a hold rating to a buy rating and raised their price objective for the stock from $148.00 to $160.00 in a research report on Monday. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and an average price target of $144.33.
Shares of Cimarex Energy (NYSE:XEC) traded up 1.55% during trading on Thursday, hitting $117.63. The company had a trading volume of 896,557 shares. The stock has a 50-day moving average of $118.43 and a 200 day moving average of $127.85. Cimarex Energy has a 12-month low of $108.97 and a 12-month high of $146.96. The stock’s market capitalization is $10.99 billion.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Wednesday, May 10th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.20. Cimarex Energy had a negative return on equity of 0.59% and a negative net margin of 92.69%. The company had revenue of $447.20 million during the quarter, compared to the consensus estimate of $423.62 million. During the same period last year, the company earned ($0.40) earnings per share. The firm’s revenue was up 85.9% compared to the same quarter last year. On average, analysts predict that Cimarex Energy will post $4.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Cimarex Energy’s dividend payout ratio (DPR) is presently -2.70%.
In other Cimarex Energy news, VP Stephen P. Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $133.10, for a total value of $665,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L Paul Teague sold 815 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $122.85, for a total value of $100,122.75. Following the transaction, the director now directly owns 45,432 shares in the company, valued at approximately $5,581,321.20. The disclosure for this sale can be found here. Insiders sold 17,773 shares of company stock valued at $2,236,199 in the last three months. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 69 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Cimarex Energy by 14.1% in the first quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock valued at $132,000 after buying an additional 136 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Cimarex Energy during the first quarter valued at about $169,000. Virtus Investment Advisers Inc. bought a new position in shares of Cimarex Energy during the third quarter valued at about $185,000. Finally, Winch Advisory Services LLC bought a new position in shares of Cimarex Energy during the first quarter valued at about $186,000. 92.22% of the stock is currently owned by institutional investors.
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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