Shares of Cimarex Energy Co (NYSE:XEC) have earned a consensus recommendation of “Buy” from the twenty-six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $131.68.

Several analysts recently issued reports on XEC shares. Williams Capital reissued a “buy” rating and issued a $134.00 price target on shares of Cimarex Energy in a report on Wednesday, August 8th. Morgan Stanley cut their price target on Cimarex Energy from $135.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. Stifel Nicolaus set a $175.00 price target on Cimarex Energy and gave the stock a “buy” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. downgraded Cimarex Energy from an “overweight” rating to a “neutral” rating and set a $110.00 price target on the stock. in a report on Wednesday, August 8th. Finally, Credit Suisse Group cut their price target on Cimarex Energy from $116.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th.

In other Cimarex Energy news, COO Joseph R. Albi sold 1,750 shares of Cimarex Energy stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $100.10, for a total transaction of $175,175.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lisa A. Stewart bought 320 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were acquired at an average cost of $84.05 per share, for a total transaction of $26,896.00. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC bought a new stake in Cimarex Energy during the 2nd quarter valued at $115,000. Point72 Hong Kong Ltd acquired a new position in shares of Cimarex Energy during the 2nd quarter valued at $161,000. Dupont Capital Management Corp acquired a new position in shares of Cimarex Energy during the 1st quarter valued at $158,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Cimarex Energy during the 2nd quarter valued at $204,000. Finally, Delta Capital Management LLC acquired a new position in shares of Cimarex Energy during the 2nd quarter valued at $207,000. 99.73% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:XEC traded down $1.88 during trading hours on Monday, reaching $83.59. 1,424,331 shares of the stock were exchanged, compared to its average volume of 1,122,490. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. Cimarex Energy has a 52 week low of $80.53 and a 52 week high of $130.16. The company has a market cap of $8.15 billion, a PE ratio of 17.98 and a beta of 1.04.

Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, August 7th. The oil and gas producer reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.05). The firm had revenue of $556.27 million for the quarter, compared to the consensus estimate of $557.26 million. Cimarex Energy had a return on equity of 21.47% and a net margin of 27.75%. sell-side analysts expect that Cimarex Energy will post 6.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.72 annualized dividend and a yield of 0.86%. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.16. Cimarex Energy’s payout ratio is presently 13.76%.

About Cimarex Energy

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.

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Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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