A number of research firms have changed their ratings and price targets for Cimarex Energy (NYSE: XEC):

  • 8/29/2017 – Cimarex Energy was given a new $98.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/25/2017 – Cimarex Energy was given a new $135.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 8/24/2017 – Cimarex Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/17/2017 – Cimarex Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/16/2017 – Cimarex Energy was given a new $169.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 8/15/2017 – Cimarex Energy had its price target raised by analysts at Barclays PLC from $112.00 to $117.00. They now have an “overweight” rating on the stock.
  • 8/10/2017 – Cimarex Energy had its price target raised by analysts at Morgan Stanley from $135.00 to $138.00. They now have an “overweight” rating on the stock.
  • 8/9/2017 – Cimarex Energy had its “buy” rating reaffirmed by analysts at Williams Capital. They now have a $136.00 price target on the stock.
  • 7/31/2017 – Cimarex Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/21/2017 – Cimarex Energy had its price target lowered by analysts at Citigroup Inc. from $135.00 to $120.00. They now have a “buy” rating on the stock.
  • 7/14/2017 – Cimarex Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $169.00 price target on the stock.
  • 7/13/2017 – Cimarex Energy had its price target lowered by analysts at Citigroup Inc. from $150.00 to $135.00. They now have a “buy” rating on the stock.

Cimarex Energy Co (NYSE XEC) traded up 1.14% during trading on Wednesday, reaching $102.90. 561,644 shares of the company’s stock were exchanged. Cimarex Energy Co has a 12 month low of $89.49 and a 12 month high of $146.96. The firm has a 50 day moving average of $97.48 and a 200-day moving average of $108.26. The stock has a market cap of $9.61 billion, a PE ratio of 36.86 and a beta of 1.32.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. During the same period last year, the firm posted $0.07 earnings per share. Cimarex Energy’s revenue was up 52.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cimarex Energy Co will post $4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.31%. Cimarex Energy’s payout ratio is 12.03%.

In other Cimarex Energy news, VP Joseph R. Albi sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.02, for a total value of $272,305.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Lambuth sold 2,136 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $99.84, for a total value of $213,258.24. Following the completion of the transaction, the senior vice president now directly owns 106,532 shares in the company, valued at $10,636,154.88. The disclosure for this sale can be found here. Insiders sold 7,386 shares of company stock worth $739,738 over the last three months. Insiders own 1.70% of the company’s stock.

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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