Cimarex Energy Co (NYSE:XEC) – Investment analysts at KeyCorp upped their Q1 2018 earnings per share estimates for shares of Cimarex Energy in a report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will post earnings per share of $1.72 for the quarter, up from their previous estimate of $1.64. KeyCorp has a “Buy” rating and a $140.00 price objective on the stock. KeyCorp also issued estimates for Cimarex Energy’s FY2018 earnings at $7.30 EPS.
Several other analysts also recently commented on XEC. BMO Capital Markets decreased their target price on shares of Cimarex Energy to $125.00 and set an “outperform” rating for the company in a research report on Friday. Williams Capital set a $154.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus decreased their target price on shares of Cimarex Energy from $188.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Jefferies Group set a $105.00 target price on shares of Cimarex Energy and gave the stock a “hold” rating in a research report on Friday. Finally, Robert W. Baird set a $121.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $139.52.
Cimarex Energy (NYSE XEC) opened at $98.73 on Monday. Cimarex Energy has a 1 year low of $89.49 and a 1 year high of $134.09. The company has a market cap of $9,410.00, a P/E ratio of 19.02 and a beta of 1.14. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The firm had revenue of $550.90 million for the quarter, compared to the consensus estimate of $537.74 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue was up 44.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s payout ratio is 6.17%.
In other news, CEO Thomas E. Jorden sold 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $113.14, for a total value of $565,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa A. Stewart acquired 248 shares of Cimarex Energy stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $112.06 per share, with a total value of $27,790.88. The disclosure for this purchase can be found here. Insiders sold 15,729 shares of company stock valued at $1,800,003 over the last 90 days. 1.70% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Cimarex Energy by 1,015.9% in the fourth quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 894 shares during the last quarter. Advisor Group Inc. lifted its stake 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 worth $113,000 after buying an additional 60 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Cimarex Energy in the fourth quarter worth $200,000. Eagle Ridge Investment Management acquired a new stake in shares of Cimarex Energy in the fourth quarter worth $204,000. Finally, Capital Advisors Inc. OK acquired a new position in Cimarex Energy during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 91.68% of the company’s stock.
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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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