The stock of Cimarex Energy Co (NYSE:XEC) is a huge mover today! About 773,168 shares traded hands. Cimarex Energy Co (NYSE:XEC) has risen 40.80% since March 16, 2016 and is uptrending. It has outperformed by 35.26% the S&P500.
The move comes after 9 months positive chart setup for the $13.32 billion company. It was reported on Oct, 19 by Barchart.com. We have $192.94 PT which if reached, will make NYSE:XEC worth $4.93 billion more.
Analysts await Cimarex Energy Co (NYSE:XEC) to report earnings on November, 1. They expect $0.39 earnings per share, up 360.00% or $0.54 from last year’s $-0.15 per share. XEC’s profit will be $36.89M for 90.28 P/E if the $0.39 EPS becomes a reality. After $0.07 actual earnings per share reported by Cimarex Energy Co for the previous quarter, Wall Street now forecasts 457.14% EPS growth.
Cimarex Energy Co (NYSE:XEC) Ratings Coverage
Out of 20 analysts covering Cimarex Energy (NYSE:XEC), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. Cimarex Energy has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. CLSA upgraded the shares of XEC in a report on Monday, August 10 to “Underperform” rating. The stock has “Buy” rating given by Citigroup on Thursday, August 11. The firm has “Buy” rating given on Thursday, January 28 by Wunderlich. The firm has “Hold” rating given on Tuesday, October 6 by Topeka Capital Markets. The stock of Cimarex Energy Co (NYSE:XEC) has “Buy” rating given on Tuesday, January 5 by Citigroup. As per Thursday, September 17, the company rating was initiated by Iberia Capital Partners. The rating was maintained by UBS on Thursday, August 4 with “Neutral”. As per Monday, August 29, the company rating was initiated by Williams Capital Group. The rating was initiated by Susquehanna on Friday, October 30 with “Neutral”. The rating was maintained by Topeka Capital Markets on Wednesday, November 4 with “Hold”.
According to Zacks Investment Research, “Cimarex Energy is an independent oil and gas exploration and production company focused on increasing shareholder value through strategies linked to generating attractive economic returns on capital employed and profitable growth in per-share reserves, production, and cash flow. They intend to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions. They have a diversified base of high-quality production along with attractive drilling opportunities.”
Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.03, from 1.06 in 2016Q1. The ratio increased, as 31 funds sold all Cimarex Energy Co shares owned while 139 reduced positions. 58 funds bought stakes while 127 increased positions. They now own 86.40 million shares or 6.74% less from 92.65 million shares in 2016Q1.
Delta Asset Management Limited Tn accumulated 117 shares or 0% of the stock. Trexquant Invest Limited Partnership owns 9,700 shares or 0.15% of their US portfolio. Piedmont Investment Advsrs Ltd Liability holds 0% of its portfolio in Cimarex Energy Co (NYSE:XEC) for 1 shares. Pacad Investment has 0.03% invested in the company for 1,700 shares. Suntrust Banks has 2,607 shares for 0% of their US portfolio. Prudential Financial reported 132,574 shares or 0.03% of all its holdings. Rockefeller Finance Services Inc holds 6,000 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 14,395 shares for 0.03% of their US portfolio. Blackrock Institutional Tru Na accumulated 0.05% or 2.40 million shares. Ci accumulated 3,900 shares or 0.01% of the stock. Moreover, Liberty Management has 0.27% invested in Cimarex Energy Co (NYSE:XEC) for 3,400 shares. Sandy Spring National Bank & Trust accumulated 0% or 18 shares. King Luther Cap Mgmt has invested 0% of its portfolio in Cimarex Energy Co (NYSE:XEC). Bbva Compass Bankshares owns 34,655 shares or 0.31% of their US portfolio. Hsbc Holding Public Limited Company owns 51,210 shares or 0.02% of their US portfolio.
Insider Transactions: Since May 6, 2016, the stock had 0 buys, and 23 sales for $6.42 million net activity. Barron Francis Brian had sold 500 shares worth $67,768. Robertson Monroe W also sold $242,491 worth of Cimarex Energy Co (NYSE:XEC) shares. $299,675 worth of shares were sold by JORDEN THOMAS E on Friday, July 1. Lambuth John sold $341,360 worth of stock or 2,720 shares. LOGAN HAROLD R JR sold $127,598 worth of stock. $260,000 worth of Cimarex Energy Co (NYSE:XEC) was sold by Burford G Mark on Thursday, August 11. $195,750 worth of Cimarex Energy Co (NYSE:XEC) shares were sold by ALBI JOSEPH R.
Another recent and important Cimarex Energy Co (NYSE:XEC) news was published by Nasdaq.com which published an article titled: “Cimarex Energy Co (XEC) Ex-Dividend Date Scheduled for August 11, 2016” on August 10, 2016.
XEC Company Profile
Cimarex Energy Co., incorporated on February 14, 2002, is an independent gas and oil exploration and production company. The Company’s segment is exploration and production. The Company’s activities are located in the United States, mainly in Oklahoma, Texas and New Mexico. The Company’s activities are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region. The Company’s Permian Basin region encompasses west Texas and southeast New Mexico. The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Firm drilled or participated in approximately 219 gross (99 net) wells, of which it operated 123 gross (81.9 net) wells.
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