Shares of Cimarex Energy Co (NYSE:XEC) rose 6% during mid-day trading on Monday . The company traded as high as $44.96 and last traded at $44.82, approximately 1,727,388 shares changed hands during trading. An increase of 9% from the average daily volume of 1,578,750 shares. The stock had previously closed at $42.27.

XEC has been the subject of several research analyst reports. Robert W. Baird restated an “outperform” rating and set a $82.00 price target (down from $110.00) on shares of Cimarex Energy in a research note on Wednesday, June 5th. BMO Capital Markets lowered Cimarex Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $82.00 to $67.00 in a research note on Thursday, July 11th. Citigroup reduced their price objective on Cimarex Energy from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. KeyCorp began coverage on Cimarex Energy in a report on Thursday, June 27th. They set an “overweight” rating and a $66.00 target price for the company. Finally, SunTrust Banks set a $60.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Cimarex Energy currently has a consensus rating of “Hold” and a consensus target price of $77.39.

The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 6.22 and a beta of 1.33. The business has a 50 day moving average price of $43.25 and a 200-day moving average price of $58.98.

Cimarex Energy (NYSE:XEC) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.82 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.38). The company had revenue of $546.46 million for the quarter, compared to analysts’ expectations of $594.90 million. Cimarex Energy had a net margin of 25.66% and a return on equity of 16.59%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. Research analysts anticipate that Cimarex Energy Co will post 4.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 14th. Cimarex Energy’s dividend payout ratio (DPR) is 10.81%.

Institutional investors and hedge funds have recently bought and sold shares of the company. River & Mercantile Asset Management LLP purchased a new position in shares of Cimarex Energy in the second quarter valued at $843,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Cimarex Energy during the 2nd quarter worth $416,000. Atria Investments LLC increased its position in shares of Cimarex Energy by 36.9% in the 2nd quarter. Atria Investments LLC now owns 5,989 shares of the oil and gas producer’s stock worth $240,000 after purchasing an additional 1,615 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Cimarex Energy by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 50,767 shares of the oil and gas producer’s stock worth $3,012,000 after purchasing an additional 1,530 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Cimarex Energy by 1.5% in the 2nd quarter. BlackRock Inc. now owns 7,081,342 shares of the oil and gas producer’s stock worth $420,135,000 after purchasing an additional 102,257 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Cimarex Energy Company Profile (NYSE:XEC)

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.

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