SunTrust Banks set a $130.00 target price on Cimarex Energy (NYSE:XEC) in a research report released on Monday morning. The firm currently has a buy rating on the oil and gas producer’s stock.

Several other research analysts also recently commented on the company. Piper Jaffray reiterated a hold rating and issued a $138.00 price objective on shares of Cimarex Energy in a report on Tuesday, January 9th. Stifel Nicolaus cut their target price on Cimarex Energy from $188.00 to $185.00 and set a buy rating on the stock in a research note on Thursday, February 15th. Morgan Stanley cut their target price on Cimarex Energy from $168.00 to $165.00 and set an overweight rating on the stock in a research note on Wednesday, February 7th. Williams Capital set a $154.00 target price on Cimarex Energy and gave the stock a buy rating in a research note on Thursday, February 15th. Finally, KLR Group raised Cimarex Energy from a hold rating to a buy rating and raised their target price for the stock from $138.00 to $142.00 in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $135.86.

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XEC opened at $96.72 on Monday. The stock has a market capitalization of $8,969.27, a PE ratio of 20.80 and a beta of 1.19. The company has a current ratio of 1.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58. Cimarex Energy has a 12 month low of $87.98 and a 12 month high of $130.16.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The firm had revenue of $550.90 million for the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The company’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. analysts predict that Cimarex Energy will post 7.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.66%. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, May 14th. Cimarex Energy’s payout ratio is presently 6.88%.

In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 1,900 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total transaction of $185,858.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of XEC. Xact Kapitalforvaltning AB boosted its position in shares of Cimarex Energy by 17.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 9,926 shares of the oil and gas producer’s stock worth $1,211,000 after purchasing an additional 1,502 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cimarex Energy by 36.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,007 shares of the oil and gas producer’s stock worth $1,465,000 after purchasing an additional 3,231 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Cimarex Energy by 2.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 53,007 shares of the oil and gas producer’s stock worth $6,467,000 after purchasing an additional 1,153 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Cimarex Energy by 57.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,940 shares of the oil and gas producer’s stock worth $603,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Cimarex Energy by 16.9% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 60,900 shares of the oil and gas producer’s stock worth $7,430,000 after purchasing an additional 8,800 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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Cimarex Energy Company Profile

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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