Cimarex Energy Co (NYSE:XEC) Given Average Rating of “Hold” by Analysts

Cimarex Energy Co (NYSE:XEC) has been given a consensus recommendation of “Hold” by the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $68.87.

Several brokerages have recently issued reports on XEC. SunTrust Banks set a $60.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on Cimarex Energy from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Piper Jaffray Companies set a $68.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Co boosted their price objective on Cimarex Energy from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Finally, Imperial Capital reduced their price objective on Cimarex Energy from $58.00 to $51.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th.

Shares of XEC stock traded up $1.69 during trading hours on Wednesday, hitting $47.66. The stock had a trading volume of 3,191,186 shares, compared to its average volume of 1,734,933. Cimarex Energy has a one year low of $37.19 and a one year high of $85.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.70 and a quick ratio of 0.64. The stock’s 50-day moving average price is $45.16 and its two-hundred day moving average price is $49.93. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.37.

Cimarex Energy (NYSE:XEC) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.02). Cimarex Energy had a return on equity of 13.02% and a net margin of 21.13%. The firm had revenue of $582.31 million during the quarter, compared to the consensus estimate of $575.31 million. During the same period last year, the firm posted $1.99 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Cimarex Energy will post 4.11 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Cimarex Energy by 234.3% during the third quarter. Parallel Advisors LLC now owns 555 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 389 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Cimarex Energy by 1,170.2% during the second quarter. Advisory Services Network LLC now owns 597 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 550 shares during the last quarter. Signaturefd LLC grew its stake in shares of Cimarex Energy by 178.2% during the third quarter. Signaturefd LLC now owns 971 shares of the oil and gas producer’s stock valued at $47,000 after buying an additional 622 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Cimarex Energy by 84.5% during the second quarter. CSat Investment Advisory L.P. now owns 1,127 shares of the oil and gas producer’s stock valued at $67,000 after buying an additional 516 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Cimarex Energy during the second quarter valued at approximately $78,000. 96.70% of the stock is currently owned by institutional investors.

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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.

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Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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