Cimarex Energy Co (NYSE:XEC) – Investment analysts at US Capital Advisors reduced their Q3 2017 EPS estimates for shares of Cimarex Energy in a note issued to investors on Tuesday, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will earn $1.08 per share for the quarter, down from their prior estimate of $1.27. US Capital Advisors also issued estimates for Cimarex Energy’s Q4 2017 earnings at $1.26 EPS, FY2017 earnings at $4.45 EPS, Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.52 EPS, Q4 2018 earnings at $1.59 EPS and FY2018 earnings at $6.00 EPS.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm had revenue of $463.68 million for the quarter, compared to analysts’ expectations of $451.53 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Cimarex Energy’s revenue for the quarter was up 38.1% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “US Capital Advisors Equities Analysts Reduce Earnings Estimates for Cimarex Energy Co (XEC)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/q3-2017-eps-estimates-for-cimarex-energy-co-xec-reduced-by-analyst.html.
XEC has been the topic of a number of other reports. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday. Morgan Stanley increased their price target on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Williams Capital increased their price target on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $120.00 price target on shares of Cimarex Energy in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $135.81.
Shares of Cimarex Energy (NYSE:XEC) traded down $0.71 during midday trading on Thursday, reaching $125.05. The company’s stock had a trading volume of 465,500 shares, compared to its average volume of 1,067,293. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96. The firm has a market capitalization of $11,980.01, a PE ratio of 33.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.68.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio is presently 8.51%.
In other news, Director Harold R. Logan, Jr. sold 913 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $105.83, for a total transaction of $96,622.79. Following the completion of the sale, the director now directly owns 9,299 shares of the company’s stock, valued at approximately $984,113.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph R. Albi sold 4,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $106.13, for a total value of $424,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,107 shares of company stock valued at $2,918,092. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turner Investments LLC purchased a new stake in shares of Cimarex Energy in the second quarter valued at $100,000. Global X Management Co. LLC lifted its holdings in shares of Cimarex Energy by 14.1% in the first quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock valued at $132,000 after purchasing an additional 136 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 60 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Cimarex Energy by 0.7% in the second 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 purchasing an additional 10 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimarex Energy in the third quarter valued at $206,000. Institutional investors own 90.85% of the company’s stock.
Cimarex Energy Company Profile
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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