KeyCorp set a $140.00 price target on Cimarex Energy (NYSE:XEC) in a research note released on Sunday. The brokerage currently has a buy rating on the oil and gas producer’s stock.

XEC has been the subject of a number of other research reports. Morgan Stanley lifted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. Cowen set a $165.00 price objective on Cimarex Energy and gave the company a buy rating in a research report on Thursday. Williams Capital lifted their price objective on Cimarex Energy from $132.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, October 18th. UBS Group downgraded Cimarex Energy from a positive rating to a neutral rating in a research report on Monday, November 13th. Finally, Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a buy rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Cimarex Energy currently has an average rating of Buy and an average price target of $138.55.

Shares of Cimarex Energy (NYSE XEC) traded down $0.60 during trading hours on Friday, hitting $124.04. The stock had a trading volume of 830,800 shares, compared to its average volume of 934,131. The stock has a market capitalization of $11,850.00, a P/E ratio of 31.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51. Cimarex Energy has a twelve month low of $89.49 and a twelve month high of $142.88.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating the Zacks’ 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 return on equity of 16.11% and a net margin of 20.45%. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. research analysts forecast that Cimarex Energy will post 4.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio is presently 8.00%.

In other Cimarex Energy news, VP Joseph R. Albi sold 2,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $112.41, for a total transaction of $224,820.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $125.10, for a total value of $312,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,264 shares of company stock worth $3,804,134. 1.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cimarex Energy during the third quarter worth about $206,000. D.A. Davidson & CO. increased its position in shares of Cimarex Energy by 12.0% during the second quarter. D.A. Davidson & CO. now owns 2,335 shares of the oil and gas producer’s stock worth $219,000 after acquiring an additional 250 shares during the last quarter. Cue Financial Group Inc. purchased a new stake in shares of Cimarex Energy during the third quarter worth about $224,000. Finally, Farr Miller & Washington LLC DC purchased a new stake in shares of Cimarex Energy during the third quarter worth about $227,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.

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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)

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