SolarEdge Technologies, Inc. (SEDG) Reaches $52.26 After 9.00% Down Move; Cimarex Energy Co (XEC) Sentiment Is 1.21

April 16, 2018 - By Marie Mckinney

Cimarex Energy Co. (NYSE:XEC) Logo

Cimarex Energy Co (XEC) investors sentiment increased to 1.21 in Q4 2017. It’s up 0.06, from 1.15 in 2017Q3. The ratio is more positive, as 204 active investment managers increased and started new equity positions, while 168 reduced and sold their equity positions in Cimarex Energy Co. The active investment managers in our database now possess: 85.60 million shares, down from 86.51 million shares in 2017Q3. Also, the number of active investment managers holding Cimarex Energy Co in top ten equity positions increased from 6 to 9 for an increase of 3. Sold All: 29 Reduced: 139 Increased: 140 New Position: 64.

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a huge mover today! The stock decreased 3.49% or $1.89 during the last trading session, reaching $52.26. About 584,306 shares traded. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has risen 268.00% since April 16, 2017 and is uptrending. It has outperformed by 256.45% the S&P500.The move comes after 5 months negative chart setup for the $2.35B company. It was reported on Apr, 16 by Barchart.com. We have $47.56 PT which if reached, will make NASDAQ:SEDG worth $211.05M less.

Analysts await Cimarex Energy Co. (NYSE:XEC) to report earnings on May, 9. They expect $1.69 earnings per share, up 60.95% or $0.64 from last year’s $1.05 per share. XEC’s profit will be $161.29 million for 14.24 P/E if the $1.69 EPS becomes a reality. After $1.47 actual earnings per share reported by Cimarex Energy Co. for the previous quarter, Wall Street now forecasts 14.97% EPS growth.

Since January 1, 0001, it had 0 buys, and 7 sales for $3.16 million activity.

The stock increased 2.40% or $2.26 during the last trading session, reaching $96.24. About 581,181 shares traded. Cimarex Energy Co. (XEC) has declined 20.15% since April 16, 2017 and is downtrending. It has underperformed by 31.70% the S&P500.

Lagoda Investment Management L.P. holds 8.7% of its portfolio in Cimarex Energy Co. for 187,169 shares. Caymus Capital Partners L.P. owns 331,258 shares or 5.64% of their US portfolio. Moreover, Mitchell Group Inc has 5.4% invested in the company for 259,100 shares. The New York-based Sir Capital Management L.P. has invested 4.21% in the stock. International Value Advisers Llc, a New York-based fund reported 1.11 million shares.

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 $9.19 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 18.53 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

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 58.63% above today’s ($96.24) share price. XEC was included in 10 notes of analysts from August 29, 2016. The firm earned “Outperform” rating on Wednesday, August 31 by Wells Fargo. The firm earned “Outperform” rating on Tuesday, September 13 by FBR Capital. The firm has “Hold” rating by Williams Capital Group given on Monday, August 29. The firm earned “Positive” rating on Friday, November 4 by Susquehanna. The rating was downgraded by SunTrust to “Hold” on Tuesday, January 17. The stock of Cimarex Energy Co. (NYSE:XEC) has “Overweight” rating given on Thursday, December 8 by JP Morgan. On Friday, December 16 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was upgraded on Tuesday, January 17 by Jefferies. The firm has “Accumulate” rating by KLR Group given on Monday, November 7. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Buy” rating by Stifel Nicolaus on Tuesday, November 1.

Among 20 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 15 have Buy rating, 4 Sell and 1 Hold. Therefore 75% are positive. SolarEdge Technologies had 72 analyst reports since August 13, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Monday, March 19. Cowen & Co initiated SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Thursday, September 3 with “Outperform” rating. The firm earned “Buy” rating on Thursday, November 9 by FBR Capital. Oppenheimer upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Tuesday, July 18. Oppenheimer has “Buy” rating and $2500 target. Deutsche Bank downgraded the stock to “Hold” rating in Monday, November 27 report. The stock has “Buy” rating by Canaccord Genuity on Monday, November 6. As per Wednesday, August 10, the company rating was maintained by Deutsche Bank. Needham maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Thursday, August 13. Needham has “Buy” rating and $42 target. Cowen & Co maintained the stock with “Buy” rating in Thursday, August 3 report. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 3 report.

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

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