Cimarex Energy Co (XEC) PT Set at $168.00 by Stifel Nicolaus
Cimarex Energy Co (NYSE:XEC) received a $168.00 price target from research analysts at Stifel Nicolaus in a research report issued on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 45.28% from the stock’s previous close.
A number of other brokerages have also recently commented on XEC. Imperial Capital began coverage on Cimarex Energy in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $135.00 price target on the stock. Piper Jaffray Companies dropped their price target on Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. BidaskClub raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Jefferies Group LLC set a $98.00 price target on Cimarex Energy and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, Cowen and Company set a $135.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $134.14.
Shares of Cimarex Energy (NYSE:XEC) opened at 115.64 on Thursday. The stock has a 50 day moving average price of $106.09 and a 200 day moving average price of $106.24. The stock has a market capitalization of $10.80 billion, a P/E ratio of 41.42 and a beta of 1.35. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. During the same period in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 52.7% compared to the same quarter last year. On average, equities research analysts expect that Cimarex Energy will post $4.18 EPS for the current year.
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In other news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $101.67, for a total value of $254,175.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph R. Albi sold 2,750 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $99.02, for a total value of $272,305.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,299 shares of company stock valued at $2,204,271. Company insiders own 1.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Cimarex Energy by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 32,218 shares of the oil and gas producer’s stock worth $3,028,000 after purchasing an additional 6,551 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Cimarex Energy by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 54,070 shares of the oil and gas producer’s stock worth $5,083,000 after purchasing an additional 2,202 shares in the last quarter. Colony Group LLC increased its stake in shares of Cimarex Energy by 7.1% in the 2nd quarter. Colony Group LLC now owns 15,977 shares of the oil and gas producer’s stock worth $1,502,000 after purchasing an additional 1,058 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Cimarex Energy by 4.6% in the 2nd quarter. Verition Fund Management LLC now owns 7,949 shares of the oil and gas producer’s stock worth $747,000 after purchasing an additional 349 shares in the last quarter. Finally, Kingfisher Capital LLC increased its stake in shares of Cimarex Energy by 3.1% in the 2nd quarter. Kingfisher Capital LLC now owns 11,778 shares of the oil and gas producer’s stock worth $1,107,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.
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.
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