Cimarex Energy Co (NYSE:XEC) – Analysts at Capital One Financial reduced their FY2019 earnings per share estimates for shares of Cimarex Energy in a research report issued to clients and investors on Wednesday, November 7th. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will earn $8.33 per share for the year, down from their prior estimate of $8.70.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.47. The company had revenue of $591.50 million for the quarter, compared to analyst estimates of $561.67 million. Cimarex Energy had a return on equity of 23.33% and a net margin of 28.70%. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share.

XEC has been the topic of several other research reports. Credit Suisse Group lowered Cimarex Energy from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. Piper Jaffray Companies reiterated a “hold” rating and set a $147.00 target price on shares of Cimarex Energy in a research note on Friday, July 20th. Imperial Capital decreased their target price on shares of Cimarex Energy from $156.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Morgan Stanley decreased their target price on shares of Cimarex Energy from $124.00 to $123.00 and set an “overweight” rating for the company in a research note on Thursday, August 16th. Finally, Stifel Nicolaus set a $178.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $130.67.

Shares of XEC stock opened at $90.32 on Friday. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 13.56 and a beta of 1.04. Cimarex Energy has a 1 year low of $77.63 and a 1 year high of $130.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.69.

A number of large investors have recently made changes to their positions in XEC. LPL Financial LLC lifted its position in Cimarex Energy by 76.0% in the first quarter. LPL Financial LLC now owns 6,514 shares of the oil and gas producer’s stock valued at $609,000 after purchasing an additional 2,813 shares during the period. Principal Financial Group Inc. lifted its position in Cimarex Energy by 0.3% in the first quarter. Principal Financial Group Inc. now owns 1,739,452 shares of the oil and gas producer’s stock valued at $162,639,000 after purchasing an additional 5,344 shares during the period. IFM Investors Pty Ltd lifted its position in Cimarex Energy by 43.5% in the second quarter. IFM Investors Pty Ltd now owns 4,458 shares of the oil and gas producer’s stock valued at $454,000 after purchasing an additional 1,351 shares during the period. Fulton Bank N.A. acquired a new stake in Cimarex Energy in the second quarter valued at about $320,000. Finally, State of Alaska Department of Revenue lifted its position in Cimarex Energy by 29.2% in the second quarter. State of Alaska Department of Revenue now owns 35,497 shares of the oil and gas producer’s stock valued at $3,609,000 after purchasing an additional 8,020 shares during the period. Hedge funds and other institutional investors own 98.15% of the company’s stock.

In other news, Director Lisa A. Stewart acquired 320 shares of Cimarex Energy stock in a transaction that occurred on Thursday, August 30th. The stock was purchased at an average price of $84.05 per share, for a total transaction of $26,896.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.80%. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.16. Cimarex Energy’s dividend payout ratio (DPR) is presently 13.76%.

Cimarex Energy Company Profile

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

See Also: Cost of Capital Explained

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

Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.