Cimarex Energy Co (NYSE:XEC) – Equities research analysts at Jefferies Group boosted their Q4 2017 earnings per share estimates for shares of Cimarex Energy in a report released on Wednesday. Jefferies Group analyst M. Hsu now anticipates that the oil and gas producer will post earnings per share of $1.48 for the quarter, up from their prior estimate of $1.09. Jefferies Group has a “Hold” rating and a $117.00 price target on the stock. Jefferies Group also issued estimates for Cimarex Energy’s Q1 2018 earnings at $1.77 EPS, Q2 2018 earnings at $1.80 EPS, Q3 2018 earnings at $1.92 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.50 EPS and FY2019 earnings at $8.79 EPS.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share.
Cimarex Energy (NYSE XEC) opened at $119.95 on Monday. The company has a market cap of $11,426.54, a price-to-earnings ratio of 31.90 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Cimarex Energy has a one year low of $89.49 and a one year high of $144.30.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Wednesday, February 14th. Cimarex Energy’s payout ratio is 8.51%.
In related news, Director Lisa A. Stewart purchased 248 shares of Cimarex Energy stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $112.06 per share, with a total value of $27,790.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director L Paul Teague sold 3,248 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.03, for a total transaction of $406,097.44. Following the completion of the sale, the director now directly owns 41,146 shares of the company’s stock, valued at $5,144,484.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,764 shares of company stock valued at $3,496,934. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. raised its position in Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 60 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after acquiring an additional 162 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cimarex Energy in the third quarter worth $206,000. Pacer Advisors Inc. grew its stake in shares of Cimarex Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after acquiring an additional 148 shares during the last quarter. Finally, Cue Financial Group Inc. acquired a new stake in shares of Cimarex Energy in the third quarter worth $224,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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