Cimarex Energy Co (NYSE:XEC) was downgraded by research analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating in a research report issued to clients and investors on Monday.
Other analysts also recently issued reports about the company. Stifel Nicolaus set a $168.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Barclays PLC raised their target price on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. BidaskClub upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Morgan Stanley raised their target price on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, UBS AG downgraded Cimarex Energy from a “positive” rating to a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Cimarex Energy currently has an average rating of “Buy” and an average target price of $135.81.
Cimarex Energy (XEC) traded down $0.71 during trading hours on Monday, reaching $125.05. The company’s stock had a trading volume of 465,500 shares, compared to its average volume of 1,067,293. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Cimarex Energy has a one year low of $89.49 and a one year high of $146.96. The stock has a market capitalization of $11,912.38, a price-to-earnings ratio of 32.91 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating the consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. During the same period last year, the company posted $0.53 earnings per share. The firm’s revenue was up 38.1% compared to the same quarter last year. research analysts predict that Cimarex Energy will post 4.31 EPS for the current fiscal year.
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In other news, VP Stephen P. Bell sold 3,696 shares of Cimarex Energy stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total transaction of $462,406.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joseph R. Albi sold 2,750 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total value of $272,305.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,107 shares of company stock valued at $2,918,092. 1.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turner Investments LLC bought a new stake in shares of Cimarex Energy during the second quarter valued at approximately $100,000. Advisor Group Inc. raised its holdings in shares of 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 valued at $113,000 after buying an additional 60 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Cimarex Energy by 14.7% during the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after buying an additional 162 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Cimarex Energy by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Cimarex Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after buying an additional 148 shares during the last quarter. 91.05% 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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