Williams Capital set a $104.00 price objective on Cimarex Energy (NYSE:XEC) in a report released on Tuesday. The firm currently has a buy rating on the oil and gas producer’s stock.

XEC has been the subject of a number of other reports. Morgan Stanley boosted their price objective on shares of Cimarex Energy from $124.00 to $127.00 and gave the stock a buy rating in a research note on Tuesday, November 20th. Cowen began coverage on shares of Cimarex Energy in a research note on Thursday, November 29th. They issued a market perform rating and a $95.00 price objective for the company. JPMorgan Chase & Co. set a $88.00 price objective on shares of Cimarex Energy and gave the stock a hold rating in a research note on Friday, December 7th. Jefferies Financial Group set a $117.00 price objective on shares of Cimarex Energy and gave the stock a buy rating in a research note on Tuesday, November 20th. Finally, MKM Partners began coverage on shares of Cimarex Energy in a research note on Wednesday, December 5th. They issued a buy rating and a $108.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Cimarex Energy presently has an average rating of Buy and an average price target of $118.50.

Shares of Cimarex Energy stock opened at $73.27 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.49. Cimarex Energy has a 1-year low of $55.62 and a 1-year high of $125.34. The firm has a market capitalization of $7.02 billion, a PE ratio of 15.76 and a beta of 1.30.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.47. Cimarex Energy had a net margin of 28.70% and a return on equity of 23.33%. The business had revenue of $591.50 million during the quarter, compared to analysts’ expectations of $561.67 million. During the same period in the previous year, the company earned $1.09 earnings per share. Cimarex Energy’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, analysts anticipate that Cimarex Energy will post 7.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 14th. Cimarex Energy’s payout ratio is currently 15.48%.

In related news, Director Michael J/Co Sullivan sold 1,492 shares of the company’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $70.22, for a total transaction of $104,768.24. The transaction 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 corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Ipswich Investment Management Co. Inc. acquired a new position in Cimarex Energy during the 4th quarter valued at $49,000. JNBA Financial Advisors bought a new stake in Cimarex Energy in the 3rd quarter valued at $143,000. Fulton Bank N.A. increased its holdings in Cimarex Energy by 8.9% in the 4th quarter. Fulton Bank N.A. now owns 3,340 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 274 shares during the period. Glenmede Trust Co. NA increased its holdings in Cimarex Energy by 2,358.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,458 shares of the oil and gas producer’s stock valued at $228,000 after buying an additional 2,358 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Cimarex Energy by 884.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the oil and gas producer’s stock valued at $232,000 after buying an additional 2,246 shares during the period. Hedge funds and other institutional investors own 98.53% 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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