SunTrust Cuts Cimarex (NYSE:XEC) Stock To a “Hold” Rating

September 8, 2018 - By Robert Shackelford

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 dropped, 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.

8,478 were accumulated by Walleye Trading Ltd Liability Corp. Marshall Wace Limited Liability Partnership holds 0.01% or 2,244 shares. Ci stated it has 44,000 shares or 0.05% of all its holdings. South Dakota Council invested in 0.38% or 175,978 shares. Greenleaf Tru has invested 0% in Cimarex Energy Co. (NYSE:XEC). Jpmorgan Chase invested 0.01% in Cimarex Energy Co. (NYSE:XEC). Daiwa Secs holds 3,177 shares. Cambiar Invsts Ltd Liability Company holds 69,631 shares or 0.1% of its portfolio. Cap Fund Management stated it has 35,462 shares or 0.02% of all its holdings. Artisan Prtnrs Partnership reported 1.20 million shares or 0.23% of all its holdings. Bartlett & Co holds 524 shares or 0% of its portfolio. Dean Investment Assoc Ltd Llc accumulated 6,935 shares. Advantus Cap Mngmt holds 0.02% or 9,582 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky accumulated 19,475 shares or 0.02% of the stock. Moreover, Lazard Asset Management Lc has 0.02% invested in Cimarex Energy Co. (NYSE:XEC).

Since April 18, 2018, it had 2 buys, and 3 insider sales for $437,419 activity. STEWART LISA A also bought $64,963 worth of Cimarex Energy Co. (NYSE:XEC) shares. 1,750 shares were sold by ALBI JOSEPH R, worth $175,175. JORDEN THOMAS E sold $250,000 worth of Cimarex Energy Co. (NYSE:XEC) on Wednesday, April 18.

Cimarex (NYSE:XEC) Receives a Downgrade

In an analyst note issued on Friday, 7 September, SunTrust has decided to downgraded rating on Cimarex (NYSE:XEC) shares to a “Hold”. XEC’s prior rating was a “Buy”.

Cimarex Energy Co. (NYSE:XEC) Ratings Coverage

Among 16 analysts covering Cimarex Energy (NYSE:XEC), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Cimarex Energy has $18700 highest and $98.0 lowest target. $125.53’s average target is 50.17% above currents $83.59 stock price. Cimarex Energy had 26 analyst reports since March 14, 2018 according to SRatingsIntel. SunTrust maintained Cimarex Energy Co. (NYSE:XEC) on Monday, April 16 with “Buy” rating. On Thursday, July 12 the stock rating was maintained by Morgan Stanley with “Overweight”. Citigroup maintained the stock with “Buy” rating in Friday, June 15 report. Robert W. Baird maintained the shares of XEC in report on Friday, May 25 with “Buy” rating. The firm has “Neutral” rating given on Thursday, May 10 by Bank of America. Cowen & Co maintained the stock with “Buy” rating in Tuesday, June 19 report. Credit Suisse maintained the shares of XEC in report on Wednesday, August 8 with “Outperform” rating. On Wednesday, May 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. Piper Jaffray maintained the shares of XEC in report on Wednesday, March 14 with “Hold” rating. The firm has “Neutral” rating by JP Morgan given on Wednesday, August 8.

The stock decreased 2.20% or $1.88 during the last trading session, reaching $83.59. About 1.42 million shares traded. Cimarex Energy Co. (NYSE:XEC) has declined 17.03% since September 8, 2017 and is downtrending. It has underperformed by 29.60% the S&P500.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on November, 6. They expect $1.62 earnings per share, up 48.62 % or $0.53 from last year’s $1.09 per share. XEC’s profit will be $154.48M for 12.90 P/E if the $1.62 EPS becomes a reality. After $1.59 actual earnings per share reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts 1.89 % EPS growth.

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 $7.97 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 13.4 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

More news for Cimarex Energy Co. (NYSE:XEC) were recently published by:, which released: “Benzinga’s Top Upgrades, Downgrades For September 7, 2018” on September 07, 2018.‘s article titled: “FPA Capital Fund, Inc. Q2 2018 Commentary” and published on August 13, 2018 is yet another important article.

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

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