Cimarex Energy Co (NYSE:XEC) had its price objective lifted by Imperial Capital from $135.00 to $141.00 in a report released on Thursday morning. They currently have an outperform rating on the oil and gas producer’s stock. Imperial Capital also issued estimates for Cimarex Energy’s Q4 2017 earnings at $1.12 EPS, FY2017 earnings at $4.48 EPS, Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $1.43 EPS, Q3 2018 earnings at $1.45 EPS and Q4 2018 earnings at $1.71 EPS.

Several other analysts also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Cimarex Energy from $138.00 to $168.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. Citigroup Inc. reduced their price target on shares of Cimarex Energy from $150.00 to $135.00 and set a buy rating for the company in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a buy rating and issued a $169.00 price target on shares of Cimarex Energy in a research report on Friday, July 14th. KeyCorp reiterated a buy rating and issued a $130.00 price target on shares of Cimarex Energy in a research report on Friday, October 20th. Finally, Piper Jaffray Companies reduced their price target on shares of Cimarex Energy from $141.00 to $116.00 and set a neutral rating for the company in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Cimarex Energy has an average rating of Buy and an average target price of $135.81.

Shares of Cimarex Energy (NYSE:XEC) traded down $0.71 during trading hours on Thursday, hitting $125.05. 465,183 shares of the stock traded hands, compared to its average volume of 1,067,291. The stock has a market cap of $11,910.00, a P/E ratio of 32.98 and a beta of 1.35. The company has a quick ratio of 1.68, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Cimarex Energy has a twelve month low of $89.49 and a twelve month high of $146.96.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. equities research analysts expect that Cimarex Energy will post 4.29 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cimarex Energy Co (XEC) Price Target Increased to $141.00 by Analysts at Imperial Capital” was first reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.watchlistnews.com/cimarex-energy-co-xec-price-target-increased-to-141-00-by-analysts-at-imperial-capital/1694460.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.

In related news, VP Joseph R. Albi sold 4,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $106.13, for a total value of $424,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director L Paul Teague sold 3,248 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $125.03, for a total transaction of $406,097.44. Following the completion of the sale, the director now owns 41,146 shares in the company, valued at $5,144,484.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,107 shares of company stock worth $2,918,092. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in XEC. Renaissance Technologies LLC boosted its position in shares of Cimarex Energy by 16.6% in the 1st quarter. Renaissance Technologies LLC now owns 61,698 shares of the oil and gas producer’s stock worth $7,372,000 after buying an additional 8,800 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Cimarex Energy by 12.9% in the 2nd quarter. DnB Asset Management AS now owns 13,959 shares of the oil and gas producer’s stock worth $1,312,000 after buying an additional 1,600 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Cimarex Energy by 17.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock worth $784,000 after buying an additional 1,213 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Cimarex Energy in the 2nd quarter worth about $423,000. Finally, Capstone Asset Management Co. boosted its position in shares of Cimarex Energy by 7.5% in the 2nd quarter. Capstone Asset Management Co. now owns 6,464 shares of the oil and gas producer’s stock worth $608,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with Analyst Ratings Network's FREE daily email newsletter.