Cimarex Energy Co. (XEC) Sets New 52-Week High at $135.43
Cimarex Energy Co. (NYSE:XEC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $135.43 and last traded at $134.44, with a volume of 353,461 shares changing hands. The stock had previously closed at $133.50.
Several equities analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Cimarex Energy in a research note on Wednesday. Wells Fargo & Co. assumed coverage on shares of Cimarex Energy in a research note on Wednesday. They issued an “outperform” rating on the stock. Williams Capital assumed coverage on shares of Cimarex Energy in a research note on Monday. They issued a “hold” rating and a $143.00 price objective on the stock. Zacks Investment Research cut shares of Cimarex Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Citigroup Inc. boosted their price objective on shares of Cimarex Energy from $127.00 to $149.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $117.04.
The stock has a 50 day moving average price of $124.64 and a 200-day moving average price of $110.82. The firm’s market capitalization is $12.56 billion.
Cimarex Energy (NYSE:XEC) last released its earnings results on Wednesday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.18. The firm had revenue of $298.90 million for the quarter, compared to analyst estimates of $279.22 million. During the same period in the previous year, the firm earned $0.15 earnings per share. Cimarex Energy’s revenue was down 29.6% on a year-over-year basis. On average, analysts expect that Cimarex Energy Co. will post $0.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%.
In related news, VP Gary R. Abbott sold 7,500 shares of Cimarex Energy stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $132.00, for a total value of $990,000.00. Following the transaction, the vice president now owns 104,072 shares of the company’s stock, valued at approximately $13,737,504. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph R. Albi sold 1,500 shares of Cimarex Energy stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $130.50, for a total value of $195,750.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Cimarex Energy stock. Principal Financial Group Inc. increased its position in Cimarex Energy Co. (NYSE:XEC) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,691 shares of the company’s stock after buying an additional 2,672 shares during the period. Principal Financial Group Inc. owned 0.14% of Cimarex Energy worth $11,770,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.