Cimarex Energy Co (NYSE:XEC) had its price target cut by Piper Jaffray Companies from $141.00 to $116.00 in a research report sent to investors on Monday. They currently have a neutral rating on the oil and gas producer’s stock.

Several other equities research analysts have also commented on XEC. Scotiabank set a $143.00 price target on shares of Cimarex Energy and gave the company a buy rating in a research note 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 note on Wednesday, August 9th. BidaskClub lowered shares of Cimarex Energy from a sell rating to a strong sell rating in a research note on Thursday, August 17th. Jefferies Group LLC set a $98.00 price target on shares of Cimarex Energy and gave the company a hold rating in a research note on Tuesday, August 29th. Finally, Barclays PLC raised their price target on shares of Cimarex Energy from $112.00 to $117.00 and gave the company an overweight rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $134.19.

Cimarex Energy (XEC) opened at 109.37 on Monday. The firm has a market cap of $10.22 billion, a PE ratio of 39.17 and a beta of 1.32. The firm’s 50-day moving average price is $99.58 and its 200 day moving average price is $106.74. Cimarex Energy has a 52-week low of $89.49 and a 52-week high of $146.96.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results 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 net margin of 15.64% and a return on equity of 13.29%. The company had revenue of $456.50 million for the quarter, compared to analyst estimates of $441.52 million. During the same quarter last year, the business earned $0.07 earnings per share. Cimarex Energy’s revenue was up 52.7% compared to the same quarter last year. On average, equities analysts anticipate that Cimarex Energy will post $4.17 earnings per share for the current year.

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The firm also recently declared 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 0.29%. Cimarex Energy’s dividend payout ratio (DPR) is 12.03%.

In related news, VP Joseph R. Albi sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total value of $272,305.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harold R. Logan, Jr. sold 913 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $105.83, for a total transaction of $96,622.79. Following the completion of the transaction, the director now directly owns 9,299 shares of the company’s stock, valued at approximately $984,113.17. The disclosure for this sale can be found here. Insiders sold a total of 21,299 shares of company stock valued at $2,204,271 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Turner Investments LLC acquired a new position in Cimarex Energy in the 2nd quarter worth approximately $100,000. Global X Management Co. LLC boosted its stake in Cimarex Energy by 14.1% in the 1st quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock worth $132,000 after purchasing an additional 136 shares during the period. Advisor Group Inc. boosted its stake in Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares during the period. State of Alaska Department of Revenue boosted its stake in Cimarex Energy by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 10 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Cimarex Energy by 11.8% in the 1st quarter. Parallel Advisors LLC now owns 1,785 shares of the oil and gas producer’s stock worth $211,000 after purchasing an additional 188 shares during the period. 90.25% of the stock is owned by hedge funds and other 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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