Analysts at Credit Suisse Kept the Same their Past ‘”Outperform”’ rating on Shares Cimarex Energy (NYSE:XEC), Set a $112 Price Target

August 9, 2018 - By Victoria Pittman

Cimarex Energy Co. (NYSE:XEC) Logo

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.01, from 1.21 in 2017Q4. It worsened, as 44 investors sold Cimarex Energy Co. shares while 122 reduced holdings. 52 funds opened positions while 148 raised stakes. 88.51 million shares or 3.41% more from 85.60 million shares in 2017Q4 were reported.

Boothbay Fund Mngmt Ltd Com holds 0.03% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 3,015 shares. Assetmark has invested 0% in Cimarex Energy Co. (NYSE:XEC). Bluemountain Cap Ltd Liability Corp holds 0.07% or 34,032 shares. Dekabank Deutsche Girozentrale invested 0.08% of its portfolio in Cimarex Energy Co. (NYSE:XEC). Vigilant Mngmt Ltd Liability holds 1.5% in Cimarex Energy Co. (NYSE:XEC) or 112,840 shares. Geode Mgmt Ltd Llc holds 0.03% or 1.03 million shares. Envestnet Asset Management reported 1,458 shares stake. Teachers Retirement Sys Of The State Of Kentucky holds 0.02% or 19,475 shares. 190,000 are held by Caymus Capital Prtn Lp. Sg Americas Secs Limited holds 0.01% or 9,338 shares in its portfolio. Dean Inv Assoc Ltd Liability accumulated 6,935 shares. Amp Capital Limited has invested 0.02% in Cimarex Energy Co. (NYSE:XEC). Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma has 600 shares. Quantbot Limited Partnership has 26,851 shares. Aqr Capital Limited Co holds 0.02% of its portfolio in Cimarex Energy Co. (NYSE:XEC) for 216,115 shares.

Since February 28, 2018, it had 1 insider buy, and 4 sales for $650,169 activity. JORDEN THOMAS E sold 2,500 shares worth $250,000. Another trade for 1,040 shares valued at $104,104 was made by TEAGUE L PAUL on Wednesday, June 27. LOGAN HAROLD R JR had sold 1,900 shares worth $185,853. ALBI JOSEPH R sold $175,175 worth of stock.

Cimarex Energy (NYSE:XEC) Rating Reaffirmed

Research professionals at Credit Suisse now has a $112 target price on Cimarex Energy (NYSE:XEC). Credit Suisse and their recent target price would indicate a potential upside of 25.91 % from the company’s last stock close. The rating has been disclosed in analysts note on 8 August.

Cimarex Energy Co. (NYSE:XEC) Ratings Coverage

Among 18 analysts covering Cimarex Energy (NYSE:XEC), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Cimarex Energy has $18700 highest and $98.0 lowest target. $127.44’s average target is 43.27% above currents $88.95 stock price. Cimarex Energy had 35 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 24 by Stephens. Citigroup maintained the shares of XEC in report on Friday, June 15 with “Buy” rating. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Hold” rating by Jefferies on Friday, February 16. Stephens maintained the stock with “Hold” rating in Tuesday, March 13 report. Stifel Nicolaus maintained Cimarex Energy Co. (NYSE:XEC) rating on Thursday, February 15. Stifel Nicolaus has “Buy” rating and $185.0 target. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Neutral” rating by JP Morgan on Wednesday, August 8. Jefferies maintained Cimarex Energy Co. (NYSE:XEC) on Monday, March 19 with “Hold” rating. The stock of Cimarex Energy Co. (NYSE:XEC) has “Buy” rating given on Friday, May 25 by Robert W. Baird. The firm has “Buy” rating given on Thursday, February 15 by Williams Capital Group. Bank of America downgraded the shares of XEC in report on Thursday, May 10 to “Neutral” rating.

It closed at $88.95 lastly. It is down 17.03% since August 9, 2017 and is downtrending. It has underperformed by 29.60% the S&P500.

Cimarex Energy Co. operates as an independent gas and oil exploration and production firm primarily in Oklahoma, Texas, and New Mexico. The company has market cap of $8.48 billion. As of December 31, 2016, it had a total proved gas and oil reserves of 2.89 trillion cubic feet equivalent consisting of 1.47 trillion cubic feet of natural gas, 0.64 Tcfe of oil, and 0.78 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions. It has a 14.23 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

More notable recent Cimarex Energy Co. (NYSE:XEC) news were published by: Seekingalpha.com which released: “Cimarex Energy (XEC) Q2 2018 Results – Earnings Call Transcript” on August 08, 2018, also Gurufocus.com with their article: “S&P 500 Near Record High Thursday” published on August 09, 2018, Investorplace.com published: “5 Energy Stocks to Sell Now” on August 09, 2018. More interesting news about Cimarex Energy Co. (NYSE:XEC) were released by: Benzinga.com and their article: “JPMorgan Downgrades Cimarex As Oil Growth Doubt Lingers” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “68 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: August 08, 2018.

Cimarex Energy Co. (NYSE:XEC) Institutional Positions Chart

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