Cimarex Energy Co (XEC) Given a $115.00 Price Target at Jefferies Group LLC
Cimarex Energy Co (NYSE:XEC) has been given a $115.00 price objective by analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 0.53% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Williams Capital restated a “buy” rating and issued a $136.00 price objective on shares of Cimarex Energy in a research report on Wednesday, August 9th. Cowen and Company set a $135.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Citigroup Inc. lowered their price objective on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, KeyCorp restated a “buy” rating and issued a $130.00 price objective on shares of Cimarex Energy in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $136.62.
Cimarex Energy (NYSE:XEC) opened at $115.61 on Thursday. The firm has a market capitalization of $11,005.49, a price-to-earnings ratio of 30.40 and a beta of 1.35. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. 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 data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The business had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was up 38.1% on a year-over-year basis. equities analysts anticipate that Cimarex Energy will post 4.31 EPS for the current fiscal year.
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In other news, Director Harold R. Logan, Jr. sold 913 shares of the company’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 transaction, the director now owns 9,299 shares of the company’s stock, valued at $984,113.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $125.10, for a total value of $312,750.00. The disclosure for this sale can be found here. Insiders have sold 26,107 shares of company stock worth $2,918,092 over the last three months. 1.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XEC. Renaissance Technologies LLC grew its stake in shares of Cimarex Energy by 16.6% during the first quarter. Renaissance Technologies LLC now owns 61,698 shares of the oil and gas producer’s stock valued at $7,372,000 after buying an additional 8,800 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Cimarex Energy by 17.0% during the second quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock valued at $784,000 after buying an additional 1,213 shares during the last quarter. Capstone Asset Management Co. grew its stake in shares of Cimarex Energy by 7.5% during the second quarter. Capstone Asset Management Co. now owns 6,464 shares of the oil and gas producer’s stock valued at $608,000 after buying an additional 450 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Cimarex Energy by 192.6% during the second quarter. Bank of Montreal Can now owns 151,333 shares of the oil and gas producer’s stock valued at $14,227,000 after buying an additional 99,612 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Cimarex Energy by 0.4% in the second quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock valued at $283,000 after purchasing an additional 13 shares during the period. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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