Cimarex Energy (NYSE:XEC) was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

XEC has been the topic of several other research reports. Jefferies Group set a $115.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a research note on Thursday, November 16th. Capital One Financial reaffirmed an “overweight” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Cowen set a $165.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. Scotiabank set a $143.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Robert W. Baird assumed coverage on Cimarex Energy in a research note on Tuesday, December 19th. They set an “outperform” rating and a $137.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $138.55.

Cimarex Energy (NYSE:XEC) opened at $126.80 on Tuesday. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $142.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $12,080.00, a price-to-earnings ratio of 31.70 and a beta of 1.33.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm’s revenue was up 38.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. research analysts anticipate that Cimarex Energy will post 4.42 earnings per share for the current fiscal year.

In other Cimarex Energy news, SVP Francis Brian Barron sold 3,000 shares of Cimarex Energy stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $112.59, for a total value of $337,770.00. Following the sale, the senior vice president now owns 87,723 shares of the company’s stock, valued at approximately $9,876,732.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction dated 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 sold a total of 32,264 shares of company stock worth $3,804,134 in the last three months. Company insiders own 1.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its position in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 60 shares during the last quarter. Virtu KCG Holdings LLC increased its position in shares of Cimarex Energy by 0.6% in the second quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock valued at $1,480,000 after acquiring an additional 96 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Cimarex Energy by 12.0% in the second quarter. D.A. Davidson & CO. now owns 2,335 shares of the oil and gas producer’s stock valued at $219,000 after acquiring an additional 250 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Cimarex Energy by 8.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,485 shares of the oil and gas producer’s stock valued at $328,000 after acquiring an additional 260 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Cimarex Energy by 4.6% in the second quarter. Verition Fund Management LLC now owns 7,949 shares of the oil and gas producer’s stock valued at $747,000 after acquiring an additional 349 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

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