Cimarex Energy Co (NYSE:XEC) – Equities research analysts at KeyCorp upped their Q1 2018 earnings per share estimates for shares of Cimarex Energy in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas producer will post earnings per share of $1.72 for the quarter, up from their prior estimate of $1.64. KeyCorp has a “Buy” rating and a $140.00 price objective on the stock. KeyCorp also issued estimates for Cimarex Energy’s FY2018 earnings at $7.30 EPS.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $550.90 million for the quarter, compared to analysts’ expectations of $537.74 million. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS.
Cimarex Energy (NYSE XEC) opened at $98.37 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 1.38. The stock has a market cap of $9,370.00, a PE ratio of 18.95 and a beta of 1.14. Cimarex Energy has a one year low of $89.49 and a one year high of $133.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 6.17%.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa A. Stewart bought 248 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $112.06 per share, for a total transaction of $27,790.88. The disclosure for this purchase can be found here. Insiders sold a total of 15,729 shares of company stock worth $1,800,003 in the last quarter. Company insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its stake in Cimarex Energy by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Cimarex Energy by 8.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,485 shares of the oil and gas producer’s stock worth $328,000 after acquiring an additional 260 shares during the period. Comerica Bank raised its stake in Cimarex Energy by 1.5% during the 3rd quarter. Comerica Bank now owns 28,950 shares of the oil and gas producer’s stock worth $3,391,000 after acquiring an additional 437 shares during the period. Strs Ohio raised its stake in Cimarex Energy by 10.0% during the 3rd quarter. Strs Ohio now owns 4,832 shares of the oil and gas producer’s stock worth $549,000 after acquiring an additional 441 shares during the period. Finally, Norinchukin Bank The raised its stake in Cimarex Energy by 7.5% during the 3rd quarter. Norinchukin Bank The now owns 7,093 shares of the oil and gas producer’s stock worth $806,000 after acquiring an additional 492 shares during the period. Institutional investors own 91.68% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/02/21/keycorp-comments-on-cimarex-energy-cos-q1-2018-earnings-xec.html.
About Cimarex Energy
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.
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.