Stifel Nicolaus set a $169.00 price target on Cimarex Energy Co (NYSE:XEC) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the oil and gas producer’s stock.

A number of other analysts also recently issued reports on XEC. UBS AG restated a neutral rating and issued a $134.00 price target (up from $131.00) on shares of Cimarex Energy in a research report on Friday, May 12th. Scotiabank set a $143.00 price target on Cimarex Energy and gave the stock a buy rating in a research report on Saturday, July 1st. Williams Capital restated a buy rating and issued a $136.00 price target on shares of Cimarex Energy in a research report on Wednesday, August 9th. Barclays PLC raised their price target on Cimarex Energy from $112.00 to $117.00 and gave the stock an overweight rating in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded Cimarex Energy from a strong sell rating to a sell rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $138.20.

Cimarex Energy (XEC) opened at 98.30 on Wednesday. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96. The stock has a market capitalization of $9.18 billion, a P/E ratio of 35.21 and a beta of 1.32. The company has a 50 day moving average of $95.56 and a 200 day moving average of $111.35.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. Cimarex Energy’s revenue was up 52.7% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Equities analysts expect that Cimarex Energy will post $4.20 EPS for the current fiscal year.

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In related news, 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 transaction of $213,258.24. Following the sale, the senior vice president now owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $101.67, for a total value of $254,175.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of large investors have recently modified their holdings of XEC. BlackRock Inc. increased its stake in shares of Cimarex Energy by 3,127.3% in the first quarter. BlackRock Inc. now owns 7,141,421 shares of the oil and gas producer’s stock worth $853,329,000 after buying an additional 6,920,140 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Cimarex Energy by 968.7% in the second quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock worth $145,224,000 after buying an additional 1,400,223 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Cimarex Energy by 1,366.3% in the first quarter. Lazard Asset Management LLC now owns 890,780 shares of the oil and gas producer’s stock worth $106,439,000 after buying an additional 830,028 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Cimarex Energy by 7,007.8% in the second quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock worth $78,434,000 after buying an additional 822,575 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Cimarex Energy by 109.3% in the first quarter. Boston Partners now owns 1,447,104 shares of the oil and gas producer’s stock worth $172,915,000 after buying an additional 755,553 shares during the last quarter. 94.55% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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