Cimarex Energy Co (NYSE:XEC) has earned an average rating of “Hold” from the twenty-five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $105.27.

A number of equities analysts have weighed in on XEC shares. Barclays started coverage on shares of Cimarex Energy in a research note on Wednesday, January 16th. They set an “equal weight” rating and a $81.00 price target on the stock. Mizuho started coverage on shares of Cimarex Energy in a research note on Tuesday, January 29th. They set a “neutral” rating and a $80.00 price target on the stock. Ifs Securities reaffirmed a “market perform” rating on shares of Cimarex Energy in a research note on Sunday, February 3rd. Susquehanna Bancshares downgraded shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research note on Monday, February 11th. Finally, Morgan Stanley set a $109.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Tuesday, January 29th.

NYSE:XEC opened at $69.59 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 9.40 and a beta of 1.33. Cimarex Energy has a fifty-two week low of $55.62 and a fifty-two week high of $103.91.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.23. The company had revenue of $624.10 million for the quarter, compared to the consensus estimate of $620.20 million. Cimarex Energy had a net margin of 33.85% and a return on equity of 23.51%. Cimarex Energy’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. On average, equities analysts predict that Cimarex Energy will post 5.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.18. Cimarex Energy’s dividend payout ratio (DPR) is currently 9.73%.

In other news, Director Harold R. Logan, Jr. sold 990 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $70.00, for a total value of $69,300.00. Following the transaction, the director now owns 7,259 shares of the company’s stock, valued at approximately $508,130. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in Cimarex Energy by 3.7% during the 4th quarter. BlackRock Inc. now owns 6,484,622 shares of the oil and gas producer’s stock valued at $399,778,000 after purchasing an additional 234,246 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Cimarex Energy by 7.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 6,068,484 shares of the oil and gas producer’s stock valued at $374,122,000 after purchasing an additional 445,153 shares in the last quarter. Boston Partners grew its holdings in Cimarex Energy by 2.5% during the 4th quarter. Boston Partners now owns 5,820,642 shares of the oil and gas producer’s stock valued at $358,843,000 after purchasing an additional 141,689 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Cimarex Energy by 26.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,998,167 shares of the oil and gas producer’s stock valued at $184,836,000 after purchasing an additional 624,486 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Cimarex Energy by 13.9% during the 4th quarter. Geode Capital Management LLC now owns 1,278,191 shares of the oil and gas producer’s stock valued at $78,667,000 after purchasing an additional 156,318 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.

Cimarex Energy Company Profile

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

Recommended Story: Why is the LIBOR significant?

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.