Cimarex Energy Co. (NYSE:XEC) shares reached a new 52-week high during trading on Friday . The company traded as high as $81.25 and last traded at $81.10, with a volume of 9056 shares trading hands. The stock had previously closed at $79.28.
A number of research analysts recently commented on the company. Scotiabank cut Cimarex Energy from a “sector perform” rating to a “sector underperform” rating and increased their target price for the company from $67.00 to $71.00 in a research note on Thursday, July 15th. Morgan Stanley cut Cimarex Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $79.00 to $68.00 in a research note on Friday, June 18th. Truist Securities increased their target price on Cimarex Energy from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 9th. Citigroup increased their target price on Cimarex Energy from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 23rd. Finally, Truist Financial raised Cimarex Energy to a “buy” rating and set a $80.00 target price on the stock in a research note on Wednesday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $77.67.
The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average price is $67.52 and its two-hundred day moving average price is $67.19. The company has a market capitalization of $8.37 billion, a PE ratio of -239.38, a price-to-earnings-growth ratio of 0.49 and a beta of 2.60.
In other Cimarex Energy news, EVP John Lambuth sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $63.75, for a total value of $637,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of XEC. Versor Investments LP purchased a new stake in Cimarex Energy in the second quarter worth about $97,370,000. BlackRock Inc. lifted its holdings in Cimarex Energy by 14.8% in the first quarter. BlackRock Inc. now owns 9,956,077 shares of the oil and gas producer’s stock worth $591,293,000 after buying an additional 1,283,492 shares during the period. Vanguard Group Inc. lifted its holdings in Cimarex Energy by 8.8% in the second quarter. Vanguard Group Inc. now owns 11,264,481 shares of the oil and gas producer’s stock worth $816,112,000 after buying an additional 914,092 shares during the period. FIL Ltd lifted its holdings in shares of Cimarex Energy by 2,609.5% during the first quarter. FIL Ltd now owns 714,093 shares of the oil and gas producer’s stock valued at $42,410,000 after purchasing an additional 687,738 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Cimarex Energy by 141.8% during the first quarter. Nuveen Asset Management LLC now owns 868,165 shares of the oil and gas producer’s stock valued at $51,561,000 after purchasing an additional 509,107 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.
Cimarex Energy Company Profile (NYSE:XEC)
Cimarex Energy Co is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. It operates through the following areas: Permian Basin, Mid-Continent, and Others in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.
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