Cimarex Energy Co (NYSE:XEC) – Stock analysts at Capital One Financial Corporation raised their Q3 2017 EPS estimates for shares of Cimarex Energy in a research report issued to clients and investors on Monday. Capital One Financial Corporation analyst R. Tullis now expects that the oil and gas producer will post earnings per share of $0.93 for the quarter, up from their previous forecast of $0.88. Capital One Financial Corporation also issued estimates for Cimarex Energy’s Q4 2017 earnings at $0.99 EPS and FY2018 earnings at $4.38 EPS.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. WARNING: “Q3 2017 EPS Estimates for Cimarex Energy Co Boosted by Capital One Financial Corporation (XEC)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/28/q3-2017-eps-estimates-for-cimarex-energy-co-boosted-by-capital-one-financial-corporation-xec.html.
XEC has been the topic of several other reports. Stifel Nicolaus reissued a “buy” rating and set a $169.00 price target on shares of Cimarex Energy in a research report on Friday, July 14th. Citigroup Inc. dropped their price target on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Imperial Capital began coverage on Cimarex Energy in a research report on Tuesday, September 19th. They set an “outperform” rating and a $135.00 price target on the stock. Barclays PLC upped their price target on Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Scotiabank set a $143.00 price target on Cimarex Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Cimarex Energy has a consensus rating of “Buy” and a consensus target price of $136.48.
Shares of Cimarex Energy (XEC) opened at 115.03 on Wednesday. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 41.20 and a beta of 1.35. The firm has a 50-day moving average price of $109.83 and a 200-day moving average price of $105.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.28%. Cimarex Energy’s payout ratio is 12.03%.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $101.67, for a total value of $254,175.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph R. Albi sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $106.11, for a total value of $212,220.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,299 shares of company stock valued at $2,204,271. 1.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Turner Investments LLC acquired a new position in Cimarex Energy in the 2nd quarter valued at approximately $100,000. Global X Management Co. LLC raised its holdings in Cimarex Energy by 14.1% in the 1st quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock valued at $132,000 after acquiring an additional 136 shares in the last quarter. Advisor Group Inc. raised its holdings in Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 60 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Cimarex Energy by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after acquiring an additional 10 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Cimarex Energy in the 1st quarter valued at approximately $230,000. 90.06% of the stock is owned by hedge funds and other institutional investors.
About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.
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