Cimarex Energy Co. (NYSE:XEC) – Stock analysts at KeyCorp boosted their Q3 2018 earnings estimates for Cimarex Energy in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the brokerage will post earnings of $1.40 per share for the quarter, up from their previous estimate of $1.30. KeyCorp also issued estimates for Cimarex Energy’s FY2018 earnings at $5.57 EPS.
Several other equities research analysts also recently issued reports on XEC. Zacks Investment Research downgraded Cimarex Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Citigroup Inc. lifted their price objective on Cimarex Energy from $127.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Jefferies Group reiterated a “sell” rating on shares of Cimarex Energy in a research report on Thursday, August 11th. Barclays PLC lifted their target price on Cimarex Energy from $117.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Finally, KLR Group upgraded Cimarex Energy from a “hold” rating to an “accumulate” rating and lifted their target price for the stock from $143.00 to $152.00 in a research report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $127.58.
Cimarex Energy (NYSE:XEC) traded down 1.32% on Friday, reaching $128.00. The company’s stock had a trading volume of 422,150 shares. Cimarex Energy has a 52-week low of $72.77 and a 52-week high of $142.20. The firm’s market capitalization is $12.16 billion. The firm has a 50-day moving average price of $131.74 and a 200 day moving average price of $124.72.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 10th. Cimarex Energy’s dividend payout ratio (DPR) is presently -2.70%.
In other news, COO Joseph R. Albi sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $121.04, for a total transaction of $181,560.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $131.19, for a total value of $327,975.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. NEXT Financial Group Inc raised its stake in shares of Cimarex Energy by 120.0% in the third quarter. NEXT Financial Group Inc now owns 770 shares of the company’s stock worth $103,000 after buying an additional 420 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Cimarex Energy by 537.1% in the third quarter. Tower Research Capital LLC TRC now owns 790 shares of the company’s stock worth $106,000 after buying an additional 666 shares during the period. Societe Generale bought a new stake in shares of Cimarex Energy during the second quarter worth about $128,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Cimarex Energy during the second quarter worth about $131,000. Finally, Global X Management Co. LLC raised its stake in shares of Cimarex Energy by 80.3% in the third quarter. Global X Management Co. LLC now owns 1,064 shares of the company’s stock worth $143,000 after buying an additional 474 shares during the period. 92.89% of the stock is currently owned by institutional investors.
Cimarex Energy Company Profile