Cimarex Energy Co (XEC) Stock Rating Lowered by Susquehanna Bancshares Inc

Susquehanna Bancshares Inc cut shares of Cimarex Energy Co (NYSE:XEC) from a positive rating to a neutral rating in a research note issued to investors on Monday, MarketBeat.com reports.

Other equities research analysts have also recently issued reports about the stock. KeyCorp reiterated a buy rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Capital One Financial Corporation reissued an overweight rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS AG lowered shares of Cimarex Energy from a positive rating to a neutral rating in a research report on Monday. Imperial Capital upped their price objective on shares of Cimarex Energy from $135.00 to $141.00 and gave the company an outperform rating in a research report on Thursday, November 9th. Finally, SunTrust Banks, Inc. upped their price objective on shares of Cimarex Energy to $127.00 and gave the company a hold rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $136.62.

Cimarex Energy (NYSE:XEC) traded up $0.08 during midday trading on Monday, hitting $115.61. The company’s stock had a trading volume of 867,100 shares, compared to its average volume of 1,068,103. The company has a market capitalization of $11,130.00, a PE ratio of 30.40 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 current ratio of 1.51 and a quick ratio of 1.42.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The firm had revenue of $463.68 million for the quarter, compared to analysts’ expectations of $451.53 million. During the same period in the previous year, the company posted $0.53 EPS. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. sell-side analysts predict that Cimarex Energy will post 4.31 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Cimarex Energy Co (XEC) Stock Rating Lowered by Susquehanna Bancshares Inc” was reported by BBNS and is the property of of BBNS. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://baseballnewssource.com/markets/cimarex-energy-co-xec-stock-rating-lowered-by-susquehanna-bancshares-inc/1781856.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s payout ratio is 8.00%.

In related news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.10, for a total transaction of $312,750.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joseph R. Albi sold 4,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $106.13, for a total transaction of $424,520.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,107 shares of company stock worth $2,918,092. Insiders own 1.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in XEC. Renaissance Technologies LLC lifted its position in shares of Cimarex Energy by 16.6% during the 1st quarter. Renaissance Technologies LLC now owns 61,698 shares of the oil and gas producer’s stock valued at $7,372,000 after acquiring an additional 8,800 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Cimarex Energy by 17.0% during the second quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock worth $784,000 after buying an additional 1,213 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Cimarex Energy during the second quarter worth $423,000. Capstone Asset Management Co. raised its holdings in Cimarex Energy by 7.5% during the second quarter. Capstone Asset Management Co. now owns 6,464 shares of the oil and gas producer’s stock worth $608,000 after buying an additional 450 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Cimarex Energy by 192.6% during the second quarter. Bank of Montreal Can now owns 151,333 shares of the oil and gas producer’s stock worth $14,227,000 after buying an additional 99,612 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Cimarex Energy Company Profile

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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.