Is It Right Time to Be Bullish on Liberty Global Plc (LBTYK), Cimarex Energy Co. (XEC)?

    Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $32.50. The price of the stock the last time has raised by 37.01% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 53.17.

    The shares of the company added by 0.11% during the trading session on Tuesday, reaching a low of $26.22 while ending the day at $26.36. During the trading session, a total of 4.68 million shares were traded which represents a -66.6% decline from the average session volume which is 2.81M shares. LBTYK had ended its last session trading at 26.33. Liberty Global Plc currently has a market cap of $13.73B, while its P/E ratio stands at 18.67, while its P/E earnings growth sits at 1.19. LBTYK 52-week low price stands at $19.24 while its 52-week high price is $28.77.

    The company in its last quarterly report recorded -$0.43 earnings per share which is below the -$0.06 predicted by most analysts. The Liberty Global Plc generated $2,868.00 million in revenue during the last quarter, which is slightly higher than the $2,812.90 million predicted by analysts. In the second quarter last year, the firm recorded -$0.46 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.98%. Liberty Global Plc has the potential to record 1.41 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Imperial Capital published a research note on July 16th, 2019 where it informed investors and clients that Cimarex Energy Co. (NYSE:XEC) is now rated as In-line. Their price target on the stock stands at $58. Even though the stock has been trading at $41.00/share, analysts expect it to surge higher by 3.39% to reach $75.89/share. It started the day trading at $43.53 and traded between $40.23 and $42.39 throughout the trading session.

    A look at its technical shows that XEC’s 50-day SMA is 52.74 while its 200-day SMA stands at 67.32. The stock has a high of $101.19 for the year while the low is $40.86. The company’s P/E ratio currently sits at 6.84, while the P/B ratio is 1.09. At the moment, only of Cimarex Energy Co. shares were sold short. The company’s average trading volume currently stands at 1.66M shares, which means that the short-interest ratio is just 2.87 days. Over the past seven days, the company moved, with its shift of -3.55%. Looking further, the stock has dropped -37.20% over the past 90 days while it lost -41.85% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more XEC shares, increasing its portfolio by +3.39% during the last quarter. This move now sees The Vanguard Group Inc purchasing 343,295 shares in the last quarter, thus it now holds 10,484,748 shares of XEC, with a total valuation of $531,262,181. Boston Partners Global Investors meanwhile sold more XEC shares in the recently filed quarter, changing its stake to $353,313,144 worth of shares. Diamond Hill Capital Management followed the path by increasing its XEC portfolio by +15.93% in the quarter. This means that Diamond Hill Capital Management bought 953,479 shares in the last quarter and now controls 6,937,262 shares of the XEC stock, with the valuation hitting $351,511,066.

    Similarly, BlackRock Fund Advisors increased its Cimarex Energy Co. shares by +9.12% during the recently filed quarter. After buying 426,596 shares in the last quarter, the firm now controls 5,102,291 shares of Cimarex Energy Co. which are valued at $258,533,085. In the same vein, Victory Capital Management Inc increased its Cimarex Energy Co. shares by during the most recent reported quarter. The firm bought 146,296 shares during the quarter which increased its stakes to 3,144,463 shares and is now valued at $159,329,940. Following these latest developments, around 0.20% of Cimarex Energy Co. stocks are owned by institutional investors and hedge funds.