Wall Street analysts expect Cimarex Energy Co (NYSE:XEC) to post $634.50 million in sales for the current fiscal quarter, according to Zacks. Twenty Four analysts have made estimates for Cimarex Energy’s earnings, with the highest sales estimate coming in at $726.47 million and the lowest estimate coming in at $567.00 million. Cimarex Energy posted sales of $556.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The company is scheduled to report its next earnings report after the market closes on Monday, August 5th.

On average, analysts expect that Cimarex Energy will report full year sales of $2.55 billion for the current year, with estimates ranging from $2.32 billion to $2.91 billion. For the next year, analysts forecast that the firm will post sales of $2.98 billion, with estimates ranging from $2.42 billion to $4.22 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Cimarex Energy.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.17). The company had revenue of $577.00 million during the quarter, compared to analysts’ expectations of $581.51 million. Cimarex Energy had a return on equity of 19.95% and a net margin of 26.90%. Cimarex Energy’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS.

Several equities research analysts recently commented on XEC shares. Robert W. Baird lowered shares of Inflarx from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $58.00 to $6.00 in a report on Wednesday, June 5th. Wells Fargo & Co lowered shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. BMO Capital Markets started coverage on shares of Victoria Gold in a report on Thursday. They issued an “outperform” rating for the company. Imperial Capital reissued an “outperform” rating and issued a $26.00 price target (up previously from $24.00) on shares of Resideo Technologies in a report on Friday, May 10th. Finally, Morgan Stanley set a $23.00 price target on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $98.16.

Several institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in shares of Cimarex Energy in the first quarter valued at about $31,000. Valeo Financial Advisors LLC grew its holdings in shares of Cimarex Energy by 319.8% in the second quarter. Valeo Financial Advisors LLC now owns 487 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 371 shares during the period. Nvwm LLC grew its holdings in shares of Cimarex Energy by 462.0% in the first quarter. Nvwm LLC now owns 517 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 425 shares during the period. CSat Investment Advisory L.P. grew its holdings in shares of Cimarex Energy by 77.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 549 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 240 shares during the period. Finally, Bremer Trust National Association purchased a new stake in shares of Cimarex Energy in the fourth quarter valued at about $43,000. 93.28% of the stock is owned by institutional investors and hedge funds.

NYSE XEC traded down $1.95 on Thursday, hitting $55.14. The company had a trading volume of 138,725 shares, compared to its average volume of 1,459,495. The stock has a market capitalization of $5.87 billion, a P/E ratio of 7.44 and a beta of 1.31. The company’s fifty day moving average price is $58.26. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 0.58. Cimarex Energy has a 12-month low of $53.45 and a 12-month high of $102.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 14th. Cimarex Energy’s payout ratio is 10.81%.

About Cimarex Energy

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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.

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