Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cimarex Energy (XEC) Stock Price
Media headlines about Cimarex Energy (NYSE:XEC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cimarex Energy earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 46.2359075087707 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cimarex Energy Co (XEC) Given a $135.00 Price Target by Cowen and Company Analysts (americanbankingnews.com)
- Cimarex Energy Co (XEC) Seeing Increased Action in Session – Evergreen Caller (evergreencaller.com)
- Cimarex Energy Has Improved Enough to Probe the Long Side (finance.yahoo.com)
- Cimarex Energy Co (XEC)’s Technicals Placed in the Limelight – FLBC News (flbcnews.com)
- Should You Buy Pioneer Natural Resources Company (PXD) or Cimarex Energy Co. (XEC)? – StockNewsGazette (stocknewsgazette.com)
Cimarex Energy (NYSE XEC) opened at 99.56 on Friday. The company has a 50-day moving average price of $96.19 and a 200-day moving average price of $110.12. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96. The firm has a market capitalization of $9.30 billion, a PE ratio of 35.66 and a beta of 1.32.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The firm’s quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, analysts predict that Cimarex Energy will post $4.17 earnings per share for the current year.
Several equities research analysts have commented on the company. UBS AG reiterated a “neutral” rating and set a $134.00 price objective (up from $131.00) on shares of Cimarex Energy in a research note on Friday, May 12th. BMO Capital Markets set a $150.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research note on Monday, May 15th. Barclays PLC reiterated an “overweight” rating and set a $135.00 price objective (up from $129.00) on shares of Cimarex Energy in a research note on Monday, May 15th. Williams Capital upgraded Cimarex Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 15th. They noted that the move was a valuation call. Finally, KLR Group reiterated a “buy” rating and set a $151.00 price objective (up from $149.00) on shares of Cimarex Energy in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $138.05.
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In other Cimarex Energy news, SVP John Lambuth sold 2,136 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $99.84, for a total value of $213,258.24. Following the transaction, the senior vice president now owns 106,532 shares in the company, valued at approximately $10,636,154.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,386 shares of company stock valued at $739,738. 1.70% of the stock is owned by insiders.
About Cimarex Energy
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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