Cimarex Energy Co (NYSE:XEC) – Research analysts at KeyCorp cut their Q4 2016 earnings per share estimates for Cimarex Energy in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the brokerage will post earnings per share of $0.61 for the quarter, down from their previous estimate of $0.62. KeyCorp also issued estimates for Cimarex Energy’s Q2 2018 earnings at $1.33 EPS, Q3 2018 earnings at $1.45 EPS and Q4 2018 earnings at $1.80 EPS.

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Earnings History and Estimates for Cimarex Energy (NYSE:XEC)

Other analysts also recently issued research reports about the stock. KLR Group raised shares of Cimarex Energy from a “hold” rating to an “accumulate” rating and lifted their target price for the stock from $143.00 to $152.00 in a report on Monday, November 7th. FBR & Co reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Thursday, November 3rd. Stifel Nicolaus lifted their target price on shares of Cimarex Energy from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) raised shares of Cimarex Energy from a “neutral” rating to a “buy” rating in a report on Friday, December 16th. Finally, Nomura reiterated a “hold” rating and issued a $129.00 price objective on shares of Cimarex Energy in a research note on Monday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $132.82.

Shares of Cimarex Energy (NYSE:XEC) opened at 139.65 on Thursday. The stock’s 50 day moving average is $137.73 and its 200 day moving average is $130.05. Cimarex Energy has a 1-year low of $72.77 and a 1-year high of $146.96. The company’s market capitalization is $13.26 billion.

Several large investors have recently made changes to their positions in XEC. NEXT Financial Group Inc raised its stake in shares of Cimarex Energy by 120.0% in the third quarter. NEXT Financial Group Inc now owns 770 shares of the company’s stock valued at $103,000 after buying an additional 420 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Cimarex Energy by 537.1% in the third quarter. Tower Research Capital LLC TRC now owns 790 shares of the company’s stock valued at $106,000 after buying an additional 666 shares during the period. Global X Management Co. LLC raised its stake in shares of Cimarex Energy by 80.3% in the third quarter. Global X Management Co. LLC now owns 1,064 shares of the company’s stock valued at $143,000 after buying an additional 474 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in shares of Cimarex Energy during the second quarter valued at about $131,000. Finally, MU Investments Co. Ltd. bought a new stake in shares of Cimarex Energy during the third quarter valued at about $144,000. 90.23% of the stock is currently owned by institutional investors.

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In related news, COO Joseph R. Albi sold 1,500 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $121.04, for a total transaction of $181,560.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Francis Brian Barron sold 2,000 shares of Cimarex Energy stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $138.86, for a total transaction of $277,720.00. Following the sale, the senior vice president now directly owns 66,039 shares in the company, valued at $9,170,175.54. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Cimarex Energy’s dividend payout ratio (DPR) is presently -2.70%.

Cimarex Energy Company Profile

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

5 Day Chart for NYSE:XEC

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