Cimarex Energy Co (NYSE:XEC) has earned a “BBB-” credit rating from analysts at Morningstar. The research firm’s “BBB-” rating suggests that the company is a moderate default risk. They also gave their stock a two star rating.

In other Cimarex Energy news, COO Joseph R. Albi sold 3,500 shares of Cimarex Energy stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $118.00, for a total value of $413,000.00. Following the transaction, the chief operating officer now directly owns 81,738 shares of the company’s stock, valued at $9,645,084. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO G Mark Burford sold 1,000 shares of Cimarex Energy stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $106.75, for a total transaction of $106,750.00. Following the completion of the transaction, the chief financial officer now directly owns 28,849 shares in the company, valued at $3,079,630.75. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in XEC. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in Cimarex Energy during the third quarter valued at about $2,700,000. Eagle Asset Management raised its position in Cimarex Energy by 94.7% in the third quarter. Eagle Asset Management now owns 56,180 shares of the company’s stock valued at $5,756,000 after buying an additional 27,325 shares in the last quarter. Finally, Janus Capital Management raised its position in Cimarex Energy by 44.8% in the third quarter. Janus Capital Management now owns 235,589 shares of the company’s stock valued at $24,143,000 after buying an additional 72,914 shares in the last quarter.

Cimarex Energy (NYSE:XEC) opened at 75.60 on Tuesday. The company has a 50-day moving average price of $90.01 and a 200-day moving average price of $106.07. Cimarex Energy has a one year low of $72.77 and a one year high of $132.18. The company’s market capitalization is $7.15 billion.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. During the same quarter last year, the firm posted $1.53 earnings per share. The company had revenue of $356.06 million for the quarter, compared to the consensus estimate of $362.89 million. The firm’s revenue for the quarter was down 45.2% compared to the same quarter last year. Analysts expect that Cimarex Energy will post ($0.55) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Investors of record on Monday, February 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.85%. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, February 10th.

Other research analysts have also issued research reports about the company. Topeka Capital Markets lowered their price target on Cimarex Energy from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Monday. Wunderlich downgraded Cimarex Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $129.00 to $122.00 in a report on Thursday, November 5th. Zacks Investment Research upgraded Cimarex Energy from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Monday, November 2nd. Canaccord Genuity reiterated a “hold” rating and set a $110.00 target price on shares of Cimarex Energy in a report on Thursday, November 5th. Finally, Goldman Sachs upped their target price on Cimarex Energy from $101.00 to $102.00 in a report on Wednesday, November 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $120.35.

Cimarex Energy Co. (NYSE:XEC) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma, Texas and New Mexico. The Company’s exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarex’s Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014, the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation, and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.

12 Month Chart for NYSE:XEC

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