Economy

Technical Analysis for today's market share: Cimarex Energy Co. (XEC)

Technical Analysis for today's market share: Cimarex Energy Co. (XEC)”

Schafer Cullen Capital Management Inc bought 175,802 shares as the company's stock rose 14.25% with the market. The hedge fund held 1.36M shares of the commercial banks company at the end of 2017Q2, valued at $12.16 million, up from 1.18M at the end of the previous reported quarter. The company has market cap of $6.28 billion. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm.

About 704,469 shares traded.

About 704,871 shares traded. It has outperformed by 2.90% the S&P500.

How Quickly Cimarex Energy Co.

Argent Capital Management Llc increased its stake in South State Corporation (SSB) by 20.23% based on its latest 2017Q2 regulatory filing with the SEC. Insiders have sold a total of 26,107 shares of company stock worth $2,918,092 over the last 90 days. The oil and gas producer reported $1.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.97 by $0.12.

The Leverage Ratio of Cimarex Energy Co. The stock increased 1.68% or $1.45 during the last trading session, reaching $87.95. The company had a trading volume of 1,034,800 shares, compared to its average volume of 1,067,144.

Brokerage houses, on average, are recommending investors to hold Cimarex Energy Co. It has underperformed by 14.82% the S&P500.

Since May 15, 2017, it had 0 insider purchases, and 2 selling transactions for $877,204 activity. $291,004 worth of stock was sold by JORDEN THOMAS E on Wednesday, May 17.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th.

Investors sentiment decreased to 1.05 in Q2 2017.

Maximum and minimum EPS estimate for the current quarter is projected at $1.49 and $0.94, respectively, according to 25 analysts. It dropped, as 40 investors sold XEC shares while 146 reduced holdings. 44 funds opened positions while 151 raised stakes. Cimarex Energy Co (XEC) now has a 14 day Williams %R of -32.23. Lagoda Invest Mgmt Ltd Partnership reported 71,464 shares. During the same quarter a year ago, the business posted $0.53 earnings per share.

XEC has been the subject of several other reports. Tiaa Cref Mngmt Ltd Liability Corp accumulated 0.02% or 371,339 shares. South Dakota Invest Council reported 0.24% stake. Fmr Ltd Llc holds 4.22 million shares or 0.05% of its portfolio. However, if the GPOR shares go below $13.34 then it would indicate a much weaker market for the company. Duncker Streett & stated it has 0.01% in Cimarex Energy Co (NYSE:XEC). 185,416 are owned by Mitsubishi Ufj Tru. Its operations are located in Oklahoma, Texas and New Mexico. 50,388 are owned by Ancora Ltd. 1832 Asset Lp has invested 0.03% in BlackRock Resources and Commodities (NYSE:BCX). Moreover, Trilogy Global Advisors Lp has 0.01% invested in Cimarex Energy Co (NYSE:XEC). Mendon Capital Advisors Corp owns 1.36 million shares or 1.27% of their United States portfolio. It also reduced Latin American Discovery Fund Inc (LDF) stake by 280,574 shares and now owns 172,610 shares. (NYSE:MRK) by 62,510 shares in the quarter, for a total of 589,905 shares, and has risen its stake in Advanced Micro Devices Inc.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Therefore 64% are positive. Imperial Capital assumed coverage on shares of Cimarex Energy in a report on Tuesday, September 19th. As per Tuesday, December 22, the company rating was initiated by CapitalOne. CLSA upgraded it to "Underperform" rating and $128 target in Wednesday, August 12 report. As per Wednesday, April 19, the company rating was maintained by Credit Suisse. The ex-dividend date is Tuesday, November 14th. The company presently has a consensus rating of "Buy" and an average price target of $135.81. FBR Capital has "Outperform" rating and $160 target. The firm has "Neutral" rating by JP Morgan given on Wednesday, December 9. Williams Capital restated a "buy" rating and issued a $136.00 target price on shares of Cimarex Energy in a research note on Wednesday, August 9th. The stock of Cimarex Energy Co (NYSE:XEC) earned "Buy" rating by KLR Group on Friday, February 17.

Recent changes in institutional ownership at Cimarex Energy Co.

Taking a peek at some Moving Averages, the 200-day is at 111.39, the 50-day is 113.90, and the 7-day is sitting at 124.65. Mitsubishi Ufj reported 0.06% in Cimarex Energy Co (NYSE:XEC). Wellington Management Group LLP now owns 1,912,324 shares of the company's stock worth $186,011,000 after buying an additional 514,536 shares during the period. (NYSE:XEC) might see muted action given an ABR of 2.1 or Hold rating.

Among 33 analysts covering Cimarex Energy (NYSE:XEC), 20 have Buy rating, 1 Sell and 12 Hold. Therefore 61% are positive. ICICI Bank had 10 analyst reports since August 19, 2015 according to SRatingsIntel. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell".

Valley National Bancorp is the bank holding firm for Valley National Bank. On Monday, September 14 the stock rating was upgraded by Goldman Sachs to "Buy". Jefferies upgraded the stock to "Buy" rating in Monday, October 30 report. BidaskClub downgraded shares of Cimarex Energy from a sell rating to a strong sell rating in a research note on Thursday, August 17th. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. The firm earned "Overweight" rating on Thursday, July 14 by Barclays Capital.



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