Shares of Cimarex Energy (NYSE:XEC) have earned a consensus rating of “Buy” from the twenty-eight brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $135.57.
A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Cimarex Energy from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird set a $136.00 target price on Cimarex Energy and gave the company a “buy” rating in a report on Friday. Morgan Stanley dropped their target price on Cimarex Energy from $138.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday. Williams Capital reissued a “buy” rating and issued a $132.00 target price on shares of Cimarex Energy in a report on Wednesday, May 23rd. Finally, US Capital Advisors lowered Cimarex Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th.
In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total value of $185,858.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy traded down $2.87, reaching $92.08, on Friday, according to MarketBeat Ratings. The stock had a trading volume of 1,990,719 shares, compared to its average volume of 1,444,496. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54. Cimarex Energy has a 12-month low of $87.98 and a 12-month high of $130.16. The stock has a market cap of $8.79 billion, a P/E ratio of 19.80 and a beta of 1.19.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.09. The company had revenue of $567.10 million during the quarter, compared to analysts’ expectations of $568.46 million. Cimarex Energy had a return on equity of 20.67% and a net margin of 26.97%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. research analysts predict that Cimarex Energy will post 7.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, August 14th. Cimarex Energy’s dividend payout ratio is presently 13.76%.
Cimarex Energy Company Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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