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UBS Starts Macy’s (M) Coverage with $39 Target; Cimarex Energy Co Has 1.2 Sentiment

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In a a research note issued on Thursday morning, stock research analysts at UBS has begun coverage on shares of Macy’s (NYSE:M). The firm set a Neutral rating with $39, giving -1.56% to target.

Cimarex Energy Co (XEC) investors sentiment decreased to 1.2 in 2018 Q1. It’s down -0.01, from 1.21 in 2017Q4. The ratio turned negative, as 200 investment managers increased or started new equity positions, while 166 trimmed and sold holdings in Cimarex Energy Co. The investment managers in our database now possess: 88.51 million shares, up from 85.60 million shares in 2017Q4. Also, the number of investment managers holding Cimarex Energy Co in top ten equity positions decreased from 9 to 6 for a decrease of 3. Sold All: 44 Reduced: 122 Increased: 148 New Position: 52.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on August, 14. They expect $1.61 EPS, up 51.89% or $0.55 from last year’s $1.06 per share. XEC’s profit will be $153.63 million for 14.77 P/E if the $1.61 EPS becomes a reality. After $1.82 actual EPS reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts -11.54% negative EPS growth.

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 $9.07 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 16.46 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

Since January 1, 0001, it had 1 buying transaction, and 2 selling transactions for $370,890 activity.

The stock increased 2.17% or $2.02 during the last trading session, reaching $95.09. About 3.26M shares traded or 111.60% up from the average. Cimarex Energy Co. (XEC) has declined 17.03% since June 21, 2017 and is downtrending. It has underperformed by 29.60% the S&P500. Some Historical XEC News: ; 24/05/2018 – Cimarex Agrees to Sell Ward County Assets for $570 M; 24/05/2018 – CIMAREX TO SELL WARD COUNTY ASSETS FOR $570M; 08/05/2018 – Cimarex 1Q EPS $1.96; 30/04/2018 – Williston Basin Adds WPX Energy, Exits Cimarex; 08/05/2018 – Cimarex 1Q Net $186.3M; 08/05/2018 – Cimarex 1Q Rev $567.1M; 24/05/2018 – CALLON UNIT TO BUY ACREAGE FOR $570M FROM CIMAREX ENERGY; 08/05/2018 – CIMAREX ENERGY CO XEC.N – QTRLY DAILY PRODUCTION AVERAGED 206.1 MBOE VS 177.2 MBOE; 24/05/2018 – CALLON PETROLEUM – CO INTENDS TO FUND CASH PURCHASE PRICE WITH PROCEEDS OF EQUITY OFFERING, CASH ON HAND AND/OR INCURRENCE OF LONG-TERM INDEBTEDNESS; 08/05/2018 – CIMAREX ENERGY CO XEC.N – FULL-YEAR 2018 PRODUCTION AND CAPITAL GUIDANCE UNCHANGED

More news for Cimarex Energy Co. (NYSE:XEC) were recently published by: Seekingalpha.com, which released: “Cimarex, Matador Resources, Parsley Energy will rebound, manager says” on June 20, 2018. Streetinsider.com‘s article titled: “UPDATE: Jefferies Upgrades Cimarex Energy (XEC) to Buy” and published on June 11, 2018 is yet another important article.

Ratings analysis reveals 70% of Cimarex’s analysts are positive. Out of 10 Wall Street analysts rating Cimarex, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $143.0 while the high is $160.0. The stock’s average target of $152.67 is 60.55% above today’s ($95.09) share price. XEC was included in 10 notes of analysts from August 29, 2016. The rating was initiated by FBR Capital on Tuesday, September 13 with “Outperform”. The firm has “Buy” rating given on Tuesday, November 1 by Stifel Nicolaus. SunTrust downgraded Cimarex Energy Co. (NYSE:XEC) on Tuesday, January 17 to “Hold” rating. KLR Group upgraded Cimarex Energy Co. (NYSE:XEC) on Monday, November 7 to “Accumulate” rating. The rating was upgraded by Jefferies on Tuesday, January 17 to “Hold”. JP Morgan upgraded the stock to “Overweight” rating in Thursday, December 8 report. The firm earned “Positive” rating on Friday, November 4 by Susquehanna. The firm has “Hold” rating given on Monday, August 29 by Williams Capital Group. On Wednesday, August 31 the stock rating was initiated by Wells Fargo with “Outperform”. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Buy”.

Lagoda Investment Management L.P. holds 6.22% of its portfolio in Cimarex Energy Co. for 176,375 shares. International Value Advisers Llc owns 2.14 million shares or 5.64% of their US portfolio. Moreover, Carval Investors Llc has 5.54% invested in the company for 31,720 shares. The Texas-based Mitchell Group Inc has invested 4.55% in the stock. Caymus Capital Partners L.P., a Texas-based fund reported 190,000 shares.

The stock increased 1.90% or $0.74 during the last trading session, reaching $39.62. About 5.14M shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since June 21, 2017 and is uptrending. It has outperformed by 33.53% the S&P500. Some Historical M News: 12/04/2018 – Moody’s Affirms Fifteen Classes of MSBAM 2013-C10; 23/05/2018 – PAULA A. PRICE TO JOIN MACY’S, AS CFO; 10/05/2018 – Moody’s Affirms Ten Classes of WFRBS 2013-C17; 18/05/2018 – At a valuation of $16 billion, that makes the India business worth more than 170 companies in the S&P 500 including Clorox, Macy’s and Tiffany & Co; 23/04/2018 – DJ Macy’s Inc, Inst Holders, 1Q 2018 (M); 28/03/2018 – Shine Bright At Prom With Fashion From Macy’s; 04/04/2018 – Macy’s, Inc. Announces Karen Hoguet, Chief Financial Officer, To Retire February 2019; 16/05/2018 – U.S. markets closed higher on Wednesday with Macy’s reporting strong quarterly earnings, boosting the retail sector; 16/05/2018 – Macy’s 1Q EPS 45c; 04/04/2018 – CincinnatiBusCou: EXCLUSIVE: Look inside Ohio’s first Macy’s Backstage location: PHOTOS

More news for Macy's, Inc. (NYSE:M) were recently published by: Seekingalpha.com, which released: “Macy’s invests in b8ta” on June 12, 2018. Seekingalpha.com‘s article titled: “Macy’s: Strong 1Q18 Results Indicate Turnaround Is Working” and published on June 13, 2018 is yet another important article.

Among 32 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 3 Sell and 22 Hold. Therefore 22% are positive. Macy’s Inc. has $139.0 highest and $20 lowest target. $44.43’s average target is 12.14% above currents $39.62 stock price. Macy’s Inc. had 114 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup to “Buy” on Wednesday, September 14. Telsey Advisory Group maintained the stock with “Market Perform” rating in Thursday, August 13 report. As per Tuesday, February 27, the company rating was maintained by Jefferies. The firm has “Neutral” rating given on Wednesday, September 9 by Gilford Securities. The rating was downgraded by Gilford Securities on Tuesday, July 28 to “Sell”. The firm has “Buy” rating by Guggenheim given on Friday, June 16. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, August 10. The stock of Macy's, Inc. (NYSE:M) has “Hold” rating given on Monday, October 16 by Jefferies. The firm earned “Neutral” rating on Thursday, May 12 by Northcoast. The firm earned “Hold” rating on Thursday, September 28 by Cowen & Co.

Cimarex Energy Co. (NYSE:XEC) Institutional Positions Chart

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