Cimarex Energy Co (NYSE:XEC) – Research analysts at US Capital Advisors increased their FY2017 earnings per share (EPS) estimates for shares of Cimarex Energy in a research report issued to clients and investors on Monday, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings of $4.48 per share for the year, up from their prior estimate of $4.45. US Capital Advisors also issued estimates for Cimarex Energy’s Q4 2017 earnings at $1.29 EPS, Q1 2018 earnings at $1.48 EPS, Q2 2018 earnings at $1.53 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $6.23 EPS, Q1 2019 earnings at $1.76 EPS, Q2 2019 earnings at $1.67 EPS and FY2019 earnings at $6.98 EPS.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $451.53 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 38.1% on a year-over-year basis.
A number of other research firms also recently weighed in on XEC. Stifel Nicolaus set a $168.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Barclays upped their target price on Cimarex Energy from $112.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. BidaskClub raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Morgan Stanley boosted 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. Finally, UBS cut Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.14.
Cimarex Energy (XEC) traded up $0.78 during mid-day trading on Wednesday, hitting $110.88. The company’s stock had a trading volume of 608,745 shares, compared to its average volume of 1,046,578. Cimarex Energy has a 1 year low of $89.49 and a 1 year high of $146.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market cap of $10,740.67, a P/E ratio of 29.67 and a beta of 1.34.
Hedge funds and other institutional investors 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 2nd quarter worth $100,000. Advisor Group Inc. increased its stake in shares of 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 worth $113,000 after purchasing an additional 60 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Cimarex Energy by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after purchasing an additional 162 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of 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 worth $134,000 after purchasing an additional 10 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Cimarex Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 148 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Joseph R. Albi sold 4,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $106.13, for a total transaction of $424,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen P. Bell sold 2,500 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. The disclosure for this sale can be found here. Insiders sold a total of 27,948 shares of company stock worth $3,212,315 over the last ninety days. 1.70% of the stock is currently owned by insiders.
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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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