Cimarex Energy (NYSE:XEC) was downgraded by stock analysts at Susquehanna Bancshares from a “positive” rating to a “neutral” rating in a report released on Monday, November 13th, Marketbeat Ratings reports.
Other analysts also recently issued research reports about the stock. Stifel Nicolaus set a $168.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Williams Capital reissued a “buy” rating and issued a $136.00 price objective on shares of Cimarex Energy in a report on Wednesday, August 9th. Cowen set a $135.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup cut their price target on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Cimarex Energy in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $137.14.
Cimarex Energy (NYSE XEC) opened at $116.89 on Monday. The firm has a market cap of $11,140.00, a PE ratio of 30.56 and a beta of 1.35. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.
In other Cimarex Energy news, VP Stephen P. Bell sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $102.54, for a total value of $256,350.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joseph R. Albi sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $106.11, for a total transaction of $212,220.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,448 shares of company stock worth $3,468,665. 1.70% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in XEC. Turner Investments LLC purchased a new stake in Cimarex Energy during the second quarter worth about $100,000. Advisor Group Inc. increased its holdings in 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 buying an additional 60 shares during the last quarter. Global X Management Co. LLC increased its holdings in Cimarex Energy by 14.7% during the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after buying an additional 162 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Cimarex Energy by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Cimarex Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after buying an additional 148 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
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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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