Shares of Cimarex Energy Co. (NYSE:XEC) have earned a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $121.33.

A number of equities analysts have commented on XEC shares. Stifel Nicolaus lifted their price objective on shares of Cimarex Energy from $120.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, July 12th. Citigroup Inc. lifted their price objective on shares of Cimarex Energy from $127.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Wunderlich lifted their price objective on shares of Cimarex Energy from $122.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Cimarex Energy in a report on Wednesday, July 6th.

Cimarex Energy (NYSE:XEC) opened at 139.05 on Tuesday. The stock has a 50 day moving average of $132.34 and a 200-day moving average of $119.37. The stock’s market cap is $13.21 billion. Cimarex Energy has a one year low of $72.77 and a one year high of $142.07.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.18. The firm earned $298.90 million during the quarter, compared to the consensus estimate of $279.22 million. Cimarex Energy had a negative net margin of 153.32% and a negative return on equity of 2.41%. The firm’s revenue was down 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts anticipate that Cimarex Energy will post $0.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.32 annualized dividend and a yield of 0.23%. Cimarex Energy’s dividend payout ratio (DPR) is presently -1.61%.

In related news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $131.19, for a total value of $327,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Francis Brian Barron sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $135.54, for a total value of $67,770.00. Following the completion of the sale, the senior vice president now directly owns 67,039 shares of the company’s stock, valued at approximately $9,086,466.06. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its stake in shares of Cimarex Energy by 0.3% in the second quarter. Suntrust Banks Inc. now owns 2,607 shares of the company’s stock valued at $310,000 after buying an additional 8 shares during the last quarter. Conning Inc. boosted its stake in shares of Cimarex Energy by 0.4% in the second quarter. Conning Inc. now owns 2,640 shares of the company’s stock valued at $315,000 after buying an additional 10 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Cimarex Energy by 1.0% in the second quarter. Cleararc Capital Inc. now owns 2,319 shares of the company’s stock valued at $277,000 after buying an additional 22 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Cimarex Energy by 2.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,395 shares of the company’s stock valued at $257,000 after buying an additional 54 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Cimarex Energy by 1.3% in the third quarter. Capstone Asset Management Co. now owns 6,294 shares of the company’s stock valued at $846,000 after buying an additional 80 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Cimarex Energy Company Profile

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

5 Day Chart for NYSE:XEC

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