News articles about Cimarex Energy (NYSE:XEC) have trended positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cimarex Energy earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 48.2098075615539 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cimarex Energy (NYSE:XEC) traded up $0.62 during trading on Wednesday, reaching $126.45. The company’s stock had a trading volume of 646,677 shares, compared to its average volume of 897,007. Cimarex Energy has a 12 month low of $89.49 and a 12 month high of $142.88. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $12,050.00, a P/E ratio of 31.61 and a beta of 1.33.
Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. During the same quarter last year, the company earned $0.53 earnings per share. Cimarex Energy’s quarterly revenue was up 38.1% compared to the same quarter last year. equities analysts anticipate that Cimarex Energy will post 4.41 EPS for the current fiscal year.
Several brokerages recently weighed in on XEC. Piper Jaffray Companies reaffirmed a “hold” rating and set a $138.00 price target on shares of Cimarex Energy in a report on Tuesday, January 9th. Jefferies Group set a $117.00 price target on Cimarex Energy and gave the stock a “hold” rating in a report on Wednesday, December 20th. Seaport Global Securities raised Cimarex Energy from a “sell” rating to a “buy” rating in a report on Tuesday, December 19th. Robert W. Baird began coverage on Cimarex Energy in a report on Tuesday, December 19th. They set an “outperform” rating and a $137.00 price target for the company. Finally, Credit Suisse Group began coverage on Cimarex Energy in a report on Monday, December 11th. They set an “outperform” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $136.55.
In other news, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Brian Barron sold 3,000 shares of Cimarex Energy stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $112.59, for a total value of $337,770.00. Following the transaction, the senior vice president now directly owns 87,723 shares of the company’s stock, valued at approximately $9,876,732.57. The disclosure for this sale can be found here. Insiders have sold a total of 32,264 shares of company stock valued at $3,804,134 in the last ninety days. Corporate insiders own 1.70% 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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