November 28, 2016 - By Dolores Ford · 0 Comments
Cimarex Energy Co (NYSE:XEC) institutional sentiment decreased to 1.05 in Q2 2016. Its down -0.04, from 1.09 in 2016Q1. The ratio has dropped, as 185 funds started new and increased stock positions, while 170 sold and reduced their equity positions in Cimarex Energy Co. The funds in our partner’s database now hold: 86.40 million shares, down from 92.65 million shares in 2016Q1. Also, the number of funds holding Cimarex Energy Co in their top 10 stock positions increased from 7 to 10 for an increase of 3. Sold All: 31 Reduced: 139 Increased: 127 New Position: 58.
Cimarex Energy Co. is an independent gas and oil exploration and production company. The company has a market cap of $11.86 billion. The Company’s segment is exploration and production. It currently has negative earnings. The Company’s activities are located mainly in Oklahoma, Texas and New Mexico.
About 555,964 shares traded hands. Cimarex Energy Co (NYSE:XEC) has risen 20.54% since April 25, 2016 and is uptrending. It has outperformed by 14.52% the S&P500.
Analysts await Cimarex Energy Co (NYSE:XEC) to report earnings on February, 21. They expect $0.57 earnings per share, up 328.00% or $0.82 from last year’s $-0.25 per share. XEC’s profit will be $53.40M for 55.47 P/E if the $0.57 EPS becomes a reality. After $0.41 actual earnings per share reported by Cimarex Energy Co for the previous quarter, Wall Street now forecasts 39.02% EPS growth.
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.”
Encompass Capital Advisors Llc holds 7.82% of its portfolio in Cimarex Energy Co for 221,106 shares. Mitchell Group Inc owns 471,700 shares or 5.65% of their US portfolio. Moreover, Sir Capital Management L.P. has 4.9% invested in the company for 275,600 shares. The New York-based Geosphere Capital Management has invested 4.83% in the stock. Grt Capital Partners L.L.C., a Massachusetts-based fund reported 134,543 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 20 insider sales for $6.30 million net activity.
Ratings analysis reveals 73% of Cimarex Energy’s analysts are positive. Out of 22 Wall Street analysts rating Cimarex Energy, 16 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $72 while the high is $160. The stock’s average target of $123 is -2.82% below today’s ($126.57) share price. XEC was included in 52 notes of analysts from July 21, 2015. On Friday, November 4 the stock rating was upgraded by Susquehanna to “Positive”. The stock of Cimarex Energy Co (NYSE:XEC) earned “Hold” rating by Topeka Capital Markets on Monday, January 25. The stock of Cimarex Energy Co (NYSE:XEC) earned “Buy” rating by Wunderlich on Friday, May 6. The stock of Cimarex Energy Co (NYSE:XEC) earned “Hold” rating by Canaccord Genuity on Thursday, August 11. Stifel Nicolaus maintained the shares of XEC in a report on Tuesday, November 1 with “Buy” rating. The firm has “Hold” rating by Williams Capital Group given on Monday, August 29. The firm has “Overweight” rating given on Friday, February 19 by Barclays Capital. Iberia Capital Partners initiated Cimarex Energy Co (NYSE:XEC) rating on Thursday, September 17. Iberia Capital Partners has “Outperform” rating and $122 price target. The stock has “Overweight” rating given by CapitalOne on Tuesday, December 22. FBR Capital initiated Cimarex Energy Co (NYSE:XEC) on Tuesday, September 13 with “Outperform” rating.
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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By Dolores Ford