Cimarex Energy Co (NYSE:XEC) VP Krista L. Johnson sold 2,229 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $112.50, for a total value of $250,762.50. Following the completion of the sale, the vice president now owns 62,238 shares of the company’s stock, valued at $7,001,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cimarex Energy Co (XEC) traded down $0.72 during trading hours on Friday, hitting $112.33. The company had a trading volume of 821,788 shares, compared to its average volume of 1,042,462. The stock has a market capitalization of $10,770.00, a PE ratio of 29.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51. Cimarex Energy Co has a one year low of $89.49 and a one year high of $144.30.
Cimarex Energy (NYSE:XEC) last announced its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analysts’ expectations of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. analysts anticipate that Cimarex Energy Co will post 4.36 earnings per share for the current year.
XEC has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Morgan Stanley lifted their target price on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Williams Capital boosted their price objective on Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Citigroup restated a “buy” rating and set a $120.00 price objective on shares of Cimarex Energy in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $136.60.
Large investors have recently made changes to their positions in the stock. Trust Co. of Vermont boosted its position in shares of Cimarex Energy by 6.9% during the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock valued at $2,983,000 after buying an additional 1,692 shares during the last quarter. Elliott Management Corp purchased a new position in shares of Cimarex Energy during the second quarter valued at approximately $288,000. South Dakota Investment Council purchased a new position in shares of Cimarex Energy during the second quarter valued at approximately $11,439,000. Calamos Advisors LLC boosted its position in shares of Cimarex Energy by 37.0% during the second quarter. Calamos Advisors LLC now owns 25,006 shares of the oil and gas producer’s stock valued at $2,351,000 after buying an additional 6,757 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Cimarex Energy by 28.7% during the third quarter. Commerce Bank now owns 4,482 shares of the oil and gas producer’s stock valued at $510,000 after buying an additional 1,000 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.
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.
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