Cimarex Energy Co (NYSE:XEC) – Stock analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of Cimarex Energy in a research note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings per share of $5.91 for the year, up from their prior estimate of $5.15. SunTrust Banks has a “Hold” rating and a $127.00 price objective on the stock. SunTrust Banks also issued estimates for Cimarex Energy’s FY2020 earnings at $9.71 EPS.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS 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 business had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. During the same quarter last year, the company posted $0.53 earnings per share. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis.

A number of other brokerages have also recently issued reports on XEC. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Credit Suisse Group assumed coverage on shares of Cimarex Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $140.00 price target for the company. Morgan Stanley lifted their price target on shares of Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Jefferies Group set a $117.00 price target on shares of Cimarex Energy and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, UBS Group downgraded shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Cimarex Energy has a consensus rating of “Buy” and an average target price of $136.71.

Shares of Cimarex Energy (NYSE XEC) traded up $2.46 during trading hours on Thursday, hitting $128.66. The stock had a trading volume of 864,800 shares, compared to its average volume of 918,067. Cimarex Energy has a 12 month low of $89.49 and a 12 month high of $144.30. The company has a market capitalization of $12,260.00, a PE ratio of 32.17 and a beta of 1.33. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.

In related news, SVP Francis Brian Barron sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $112.59, for a total value of $337,770.00. Following the sale, the senior vice president now owns 87,723 shares of the company’s stock, valued at $9,876,732.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stephen P. Bell sold 3,696 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total transaction of $462,406.56. The disclosure for this sale can be found here. Insiders have sold 32,264 shares of company stock valued at $3,804,134 over the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Vermont boosted its position in Cimarex Energy by 6.9% during the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock valued at $2,983,000 after acquiring an additional 1,692 shares during the last quarter. Elliott Management Corp bought a new position in shares of Cimarex Energy during the 2nd quarter worth about $288,000. Commerce Bank boosted its position in shares of Cimarex Energy by 28.7% during the 3rd quarter. Commerce Bank now owns 4,482 shares of the oil and gas producer’s stock worth $510,000 after purchasing an additional 1,000 shares in the last quarter. South Dakota Investment Council bought a new position in shares of Cimarex Energy during the 2nd quarter worth about $11,439,000. Finally, Calamos Advisors LLC boosted its position in shares of Cimarex Energy by 37.0% during the 2nd quarter. Calamos Advisors LLC now owns 25,006 shares of the oil and gas producer’s stock worth $2,351,000 after purchasing an additional 6,757 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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