Cimarex Energy Co 2017 Q3 Institutional Investor Sentiment Better Than Expected

January 14, 2018 - By Richard Conner

 Cimarex Energy Co  2017 Q3 Institutional Investor Sentiment  Better Than Expected

Sentiment for Cimarex Energy Co (NYSE:XEC)

Cimarex Energy Co (NYSE:XEC) institutional sentiment increased to 1.15 in 2017 Q3. Its up 0.10, from 1.05 in 2017Q2. The ratio is better, as 193 institutional investors increased and opened new positions, while 168 decreased and sold equity positions in Cimarex Energy Co. The institutional investors in our partner’s database now hold: 86.51 million shares, up from 83.28 million shares in 2017Q2. Also, the number of institutional investors holding Cimarex Energy Co in their top 10 positions was flat from 6 to 6 for the same number . Sold All: 40 Reduced: 128 Increased: 137 New Position: 56.

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 $12.11 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 32.87 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

The stock decreased 0.40% or $0.51 during the last trading session, reaching $127.14. About 1.46M shares traded or 73.18% up from the average. Cimarex Energy Co. (NYSE:XEC) has risen 1.88% since January 14, 2017 and is uptrending. It has underperformed by 14.82% the S&P500.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on February, 21. They expect $1.23 earnings per share, up 105.00 % or $0.63 from last year’s $0.6 per share. XEC’s profit will be $117.17 million for 25.84 P/E if the $1.23 EPS becomes a reality. After $1.09 actual earnings per share reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts 12.84 % EPS growth.

Caymus Capital Partners L.P. holds 7.76% of its portfolio in Cimarex Energy Co. for 542,500 shares. Lagoda Investment Management L.P. owns 187,200 shares or 7.69% of their US portfolio. Moreover, Mitchell Group Inc has 5.16% invested in the company for 287,685 shares. The New York-based Encompass Capital Advisors Llc has invested 4.06% in the stock. International Value Advisers Llc, a New York-based fund reported 1.11 million shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 14 insider sales for $5.01 million activity.

Cimarex Energy Co. (NYSE:XEC) Ratings Coverage

Ratings analysis reveals 65% of Cimarex Energy’s analysts are positive. Out of 34 Wall Street analysts rating Cimarex Energy, 22 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $72 while the high is $18700. The stock’s average target of $131.66 is 3.56% above today’s ($127.14) share price. XEC was included in 109 notes of analysts from July 21, 2015. The company was initiated on Friday, October 30 by Susquehanna. Wunderlich maintained Cimarex Energy Co. (NYSE:XEC) on Friday, May 6 with “Buy” rating. Cowen & Co maintained Cimarex Energy Co. (NYSE:XEC) rating on Friday, August 25. Cowen & Co has “Buy” rating and $135.0 target. The company was maintained on Friday, February 19 by Barclays Capital. The firm has “Buy” rating given on Friday, February 17 by KLR Group. The stock has “Hold” rating by Topeka Capital Markets on Wednesday, November 4. The firm has “Buy” rating given on Thursday, July 13 by Stifel Nicolaus. The rating was maintained by Piper Jaffray on Tuesday, January 9 with “Hold”. On Tuesday, October 6 the stock rating was maintained by Topeka Capital Markets with “Hold”. The firm earned “Hold” rating on Wednesday, November 22 by Piper Jaffray.

More news for Cimarex Energy Co. (NYSE:XEC) were recently published by: Prnewswire.com, which released: “Cimarex Schedules Fourth Quarter 2017 Earnings Release and Conference Call” on January 04, 2018. Prnewswire.com‘s article titled: “Stock Review for Independent Oil & Gas Investors — Marathon Oil, Energen …” and published on January 10, 2018 is yet another important article.

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