Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cimarex Energy (XEC) Stock Price
Press coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cimarex Energy earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 48.4321195643049 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Cimarex Energy Co (NYSE:XEC) CEO Thomas E. Jorden Sells 2,500 Shares (americanbankingnews.com)
- Insider Selling: Cimarex Energy Co (NYSE:XEC) SVP Sells 2,136 Shares of Stock (americanbankingnews.com)
- KeyCorp Weighs in on Cimarex Energy Co’s FY2017 Earnings (XEC) (americanbankingnews.com)
- Research Analysts Set Expectations for Cimarex Energy Co’s Q3 2017 Earnings (XEC) (americanbankingnews.com)
- Equities Analysts Set Expectations for Cimarex Energy Co’s Q3 2017 Earnings (XEC) (americanbankingnews.com)
Shares of Cimarex Energy (XEC) traded down 0.18% on Friday, reaching $97.52. 823,025 shares of the company were exchanged. The firm’s 50 day moving average price is $94.88 and its 200 day moving average price is $113.13. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 34.95 and a beta of 1.32. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. The business had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The business’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities research analysts anticipate that Cimarex Energy will post $4.12 EPS for the current year.
A number of equities research analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $123.00 price objective on shares of Cimarex Energy in a report on Tuesday, April 18th. Barclays PLC restated an “overweight” rating and issued a $129.00 price objective (down previously from $139.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. Citigroup Inc. restated a “buy” rating and issued a $166.00 price objective (up previously from $164.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. UBS AG restated a “neutral” rating and issued a $134.00 price objective (up previously from $131.00) on shares of Cimarex Energy in a report on Friday, May 12th. Finally, BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $136.95.
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In other news, VP Stephen P. Bell sold 5,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $117.24, for a total value of $586,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director L Paul Teague sold 1,038 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $120.00, for a total transaction of $124,560.00. Following the completion of the sale, the director now directly owns 44,394 shares in the company, valued at $5,327,280. The disclosure for this sale can be found here. Insiders sold a total of 13,174 shares of company stock worth $1,469,193 over the last ninety days. Insiders own 1.70% 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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