Williams Capital restated their buy rating on shares of Cimarex Energy (NYSE:XEC) in a report issued on Wednesday. They currently have a $134.00 target price on the oil and gas producer’s stock.

Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus set a $187.00 price objective on Cimarex Energy and gave the stock a buy rating in a report on Monday, April 23rd. Piper Jaffray Companies restated a hold rating and set a $132.00 price objective on shares of Cimarex Energy in a report on Wednesday, April 18th. Stephens restated a hold rating and set a $101.00 price objective on shares of Cimarex Energy in a report on Tuesday, April 24th. ValuEngine upgraded Cimarex Energy from a sell rating to a hold rating in a report on Wednesday, June 27th. Finally, Morgan Stanley dropped their price objective on Cimarex Energy from $135.00 to $124.00 and set an overweight rating on the stock in a report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $133.81.

Cimarex Energy stock opened at $89.99 on Wednesday. The company has a market cap of $8.47 billion, a P/E ratio of 14.89 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 1.40 and a debt-to-equity ratio of 0.52. Cimarex Energy has a one year low of $82.45 and a one year high of $130.16.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, August 7th. The oil and gas producer reported $1.59 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.05). The company had revenue of $556.27 million for the quarter, compared to analyst estimates of $557.26 million. Cimarex Energy had a return on equity of 21.47% and a net margin of 27.75%. sell-side analysts expect that Cimarex Energy will post 7.02 EPS for the current year.

In other news, Director L Paul Teague sold 1,040 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $100.10, for a total value of $104,104.00. Following the completion of the sale, the director now directly owns 40,106 shares in the company, valued at approximately $4,014,610.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Albi sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $100.10, for a total value of $175,175.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Glen Harbor Capital Management LLC increased its holdings in shares of Cimarex Energy by 12.8% in the 1st quarter. Glen Harbor Capital Management LLC now owns 4,664 shares of the oil and gas producer’s stock valued at $436,000 after acquiring an additional 528 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Cimarex Energy by 37.1% in the 1st quarter. GSA Capital Partners LLP now owns 30,818 shares of the oil and gas producer’s stock valued at $2,881,000 after acquiring an additional 8,337 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Cimarex Energy by 36.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,007 shares of the oil and gas producer’s stock valued at $1,465,000 after acquiring an additional 3,231 shares during the last quarter. Advanced Asset Management Advisors Inc bought a new stake in shares of Cimarex Energy in the 2nd quarter valued at approximately $621,000. Finally, Franklin Resources Inc. increased its holdings in shares of Cimarex Energy by 137.0% in the 1st quarter. Franklin Resources Inc. now owns 17,273 shares of the oil and gas producer’s stock valued at $1,615,000 after acquiring an additional 9,984 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Cimarex Energy

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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