Williams Capital Group Initiates Coverage on Cimarex Energy Co to Hold

Williams Capital Group Initiates Coverage on Cimarex Energy Co(NYSE:XEC). The shares have been rated Hold. The rating by Williams Capital Group was issued on Aug 29, 2016.

In a different note, On Aug 11, 2016, Citigroup said it Maintains its rating on Cimarex Energy Co. In the research note, the firm Raises the price-target to $127.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on Cimarex Energy Co. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Barclays said it Maintains its rating on Cimarex Energy Co. In the research note, the firm Raises the price-target to $117.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Cimarex Energy Co. In the research note, the firm Raises the price-target to $118.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on Cimarex Energy Co. In the research note, the firm Raises the price-target to $116.00 per share. The shares have been rated ‘Overweight’ by the firm.

Cimarex Energy Co (XEC) made into the market gainers list on Thursdays trading session with the shares advancing 1.85% or 2.44 points. Due to strong positive momentum, the stock ended at $134.62, which is also near the day’s high of $134.74. The stock began the session at $131.53 and the volume stood at 9,13,281 shares. The 52-week high of the shares is $135.43 and the 52 week low is $72.77. The company has a current market capitalization of $12,787 M and it has 9,49,86,852 shares in outstanding.

Cimarex Energy Co(XEC) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $298.87M. Analysts had an estimated revenue of $288.39M. Earnings per share were $0.07. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, Gary R Abbott (Vice President) sold 7,500 shares at $132.00 per share price.Also, On Aug 19, 2016, Joseph R Albi (Executive VP, COO) sold 1,500 shares at $130.50 per share price.On Aug 16, 2016, James H Shonsey (VP, Controller) sold 3,000 shares at $131.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Cimarex Energy Co. (Cimarex) 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.

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