Several other research analysts have also commented on XEC. KeyCorp restated a buy rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Williams Capital raised their price target on Cimarex Energy from $132.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Susquehanna Bancshares lowered Cimarex Energy from a positive rating to a neutral rating in a research report on Monday, November 13th. UBS Group lowered Cimarex Energy from a positive rating to a neutral rating in a research report on Monday, November 13th. Finally, Piper Jaffray Companies restated a hold rating and set a $138.00 price target on shares of Cimarex Energy in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $138.05.
Cimarex Energy (XEC) opened at $124.04 on Thursday. Cimarex Energy has a 52-week low of $89.49 and a 52-week high of $142.88. The company has a market capitalization of $11,873.32, a price-to-earnings ratio of 32.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping 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 business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same period last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. equities research analysts predict that Cimarex Energy will post 4.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total value of $307,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen P. Bell sold 3,696 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.11, for a total value of $462,406.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,264 shares of company stock valued at $3,804,134. 1.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cimarex Energy by 0.7% in the second quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock valued at $930,634,000 after buying an additional 64,420 shares in the last quarter. BlackRock Inc. raised its stake in Cimarex Energy by 5.2% in the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after buying an additional 371,390 shares in the last quarter. State Street Corp raised its stake in Cimarex Energy by 3.0% in the second quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock valued at $513,162,000 after buying an additional 157,612 shares in the last quarter. FMR LLC raised its stake in Cimarex Energy by 1.4% in the second quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock valued at $397,166,000 after buying an additional 59,537 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Cimarex Energy by 41.8% in the third quarter. Ameriprise Financial Inc. now owns 1,623,569 shares of the oil and gas producer’s stock valued at $184,549,000 after buying an additional 478,543 shares in the last quarter. Institutional investors own 92.20% of the company’s stock.
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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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