Shares of Cimarex Energy Co (NYSE:XEC) have received a consensus rating of “Buy” from the twenty-seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $144.32.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird set a $121.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley dropped their price target on Cimarex Energy from $168.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. SunTrust Banks raised Cimarex Energy from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Tuesday, February 6th. Deutsche Bank began coverage on Cimarex Energy in a research note on Thursday, February 1st. They issued a “buy” rating and a $164.00 price target for the company. Finally, Stifel Nicolaus set a $188.00 price target on Cimarex Energy and gave the company a “buy” rating in a research note on Monday, January 29th.

Shares of Cimarex Energy (NYSE XEC) opened at $99.78 on Wednesday. Cimarex Energy has a twelve month low of $89.49 and a twelve month high of $136.31. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $9,611.82, a price-to-earnings ratio of 26.55 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio is presently 8.51%.

In other Cimarex Energy news, VP Joseph R. Albi sold 2,000 shares of Cimarex Energy stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $112.41, for a total value of $224,820.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.88, for a total value of $307,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,479 shares of company stock worth $2,000,868. Company insiders own 1.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd bought a new position in Cimarex Energy in the third quarter valued at about $330,000. Trust Co. of Vermont grew its position in Cimarex Energy by 6.9% in the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock valued at $2,983,000 after acquiring an additional 1,692 shares during the last quarter. Commerce Bank grew its position in Cimarex Energy by 28.7% in the third quarter. Commerce Bank now owns 4,482 shares of the oil and gas producer’s stock valued at $510,000 after acquiring an additional 1,000 shares during the last quarter. Colony Group LLC grew its holdings in shares of Cimarex Energy by 38.7% during the third quarter. Colony Group LLC now owns 22,154 shares of the oil and gas producer’s stock worth $2,518,000 after purchasing an additional 6,177 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Cimarex Energy by 8.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 402,146 shares of the oil and gas producer’s stock worth $45,712,000 after purchasing an additional 30,646 shares during the last quarter. Hedge funds and other institutional investors own 93.28% 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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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