Williams Capital set a $129.00 target price on Cimarex Energy (NYSE:XEC) in a research note published on Monday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Several other equities analysts also recently weighed in on the company. ValuEngine downgraded Cimarex Energy from a sell rating to a strong sell rating in a research report on Tuesday, October 23rd. Stifel Nicolaus set a $175.00 target price on Cimarex Energy and gave the company a buy rating in a research report on Tuesday, August 7th. Morgan Stanley dropped their target price on Cimarex Energy from $123.00 to $118.00 and set a buy rating for the company in a research report on Wednesday, September 26th. SunTrust Banks downgraded Cimarex Energy from a buy rating to a hold rating and set a $94.00 target price for the company. in a research report on Friday, September 7th. Finally, Piper Jaffray Companies initiated coverage on Cimarex Energy in a research report on Friday, September 28th. They issued a neutral rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $126.24.

Shares of NYSE:XEC opened at $88.03 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.69 and a quick ratio of 1.62. The stock has a market cap of $8.49 billion, a P/E ratio of 18.93 and a beta of 1.04. Cimarex Energy has a 12-month low of $77.63 and a 12-month high of $130.16.

Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.47. The company had revenue of $591.50 million during the quarter, compared to the consensus estimate of $561.67 million. Cimarex Energy had a return on equity of 23.33% and a net margin of 28.70%. Cimarex Energy’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. On average, sell-side analysts forecast that Cimarex Energy will post 7.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.16. Cimarex Energy’s dividend payout ratio (DPR) is presently 15.48%.

In other Cimarex Energy news, Director Lisa A. Stewart bought 320 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was purchased at an average price of $84.05 per share, for a total transaction of $26,896.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. lifted its stake in Cimarex Energy by 4.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,623,331 shares of the oil and gas producer’s stock worth $522,632,000 after purchasing an additional 227,157 shares during the last quarter. Boston Partners lifted its stake in Cimarex Energy by 211.8% during the second quarter. Boston Partners now owns 4,978,018 shares of the oil and gas producer’s stock worth $506,463,000 after purchasing an additional 3,381,576 shares during the last quarter. Capital International Investors purchased a new stake in Cimarex Energy during the third quarter worth approximately $418,230,000. International Value Advisers LLC lifted its stake in Cimarex Energy by 13.5% during the third quarter. International Value Advisers LLC now owns 3,061,838 shares of the oil and gas producer’s stock worth $284,567,000 after purchasing an additional 363,877 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Cimarex Energy by 4.7% during the third quarter. Wells Fargo & Company MN now owns 2,762,986 shares of the oil and gas producer’s stock worth $256,792,000 after purchasing an additional 125,141 shares during the last quarter. Hedge funds and other institutional investors own 98.47% of the company’s stock.

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.

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Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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