News coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cimarex Energy earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 47.5302107363157 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Cimarex Energy (XEC) Price Target Cut to $123.00 (americanbankingnews.com)
- Active Checklist: Cimarex Energy Co. (XEC), Onconova Therapeutics (ONTX) (newsregistrar.com)
- Checklist Stock of the Day — Cimarex Energy Co. (XEC) (stockmarketstop.com)
- Top Mover within Investor Spotlight: Cimarex Energy Co. (XEC) (topdesertsafari.com)
- Cimarex Energy Co (XEC) Expected to Post Quarterly Sales of $589.86 Million (americanbankingnews.com)
XEC has been the subject of a number of recent analyst reports. ValuEngine cut Cimarex Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. JPMorgan Chase & Co. cut Cimarex Energy from an “overweight” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Wednesday, August 8th. Williams Capital reaffirmed a “buy” rating and set a $132.00 price target on shares of Cimarex Energy in a report on Wednesday, May 23rd. Credit Suisse Group dropped their price target on Cimarex Energy from $116.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Finally, Morgan Stanley dropped their price target on Cimarex Energy from $135.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $133.76.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, August 7th. The oil and gas producer reported $1.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.05). The firm had revenue of $556.27 million during the quarter, compared to the consensus estimate of $557.26 million. Cimarex Energy had a net margin of 27.75% and a return on equity of 21.47%. analysts forecast that Cimarex Energy will post 7.02 EPS for the current year.
In other news, Director L Paul Teague sold 1,040 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $100.10, for a total value of $104,104.00. Following the transaction, the director now directly owns 40,106 shares in the company, valued at approximately $4,014,610.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph R. Albi sold 1,750 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $100.10, for a total value of $175,175.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Cimarex Energy Company Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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