Q1 2018 EPS Estimates for Cimarex Energy Decreased by Analyst (XEC)

Cimarex Energy (NYSE:XEC) – Analysts at Piper Jaffray cut their Q1 2018 EPS estimates for shares of Cimarex Energy in a research report issued on Wednesday, April 18th. Piper Jaffray analyst D. Kistler now forecasts that the oil and gas producer will post earnings per share of $1.71 for the quarter, down from their previous forecast of $1.78. Piper Jaffray has a “Hold” rating and a $132.00 price target on the stock. Piper Jaffray also issued estimates for Cimarex Energy’s Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.99 EPS, Q4 2018 earnings at $2.27 EPS, FY2018 earnings at $7.64 EPS, Q3 2019 earnings at $2.31 EPS and Q4 2019 earnings at $2.47 EPS.

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Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.07. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The business had revenue of $550.90 million during the quarter, compared to analysts’ expectations of $537.74 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 44.1% compared to the same quarter last year.

XEC has been the subject of several other research reports. SunTrust Banks raised Cimarex Energy from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, February 6th. Cowen set a $165.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. UBS began coverage on Cimarex Energy in a research report on Wednesday, March 7th. They set a “buy” rating and a $118.00 price objective for the company. Stephens reissued a “hold” rating and set a $113.00 price objective on shares of Cimarex Energy in a research report on Thursday, March 15th. Finally, Jefferies Group set a $105.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. Cimarex Energy presently has a consensus rating of “Buy” and an average target price of $135.91.

NYSE XEC opened at $100.44 on Friday. Cimarex Energy has a twelve month low of $87.98 and a twelve month high of $130.16. The company has a quick ratio of 1.30, a current ratio of 1.38 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9,192.60, a P/E ratio of 21.60 and a beta of 1.19.

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in shares of Cimarex Energy by 1,015.9% in the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 894 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Cimarex Energy in the 4th quarter worth approximately $200,000. Eagle Ridge Investment Management acquired a new position in shares of Cimarex Energy in the 4th quarter worth approximately $204,000. Capital Advisors Inc. OK acquired a new position in shares of Cimarex Energy in the 4th quarter worth approximately $205,000. Finally, Signition LP acquired a new position in shares of Cimarex Energy in the 4th quarter worth approximately $206,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total value of $185,858.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be issued a $0.16 dividend. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.64 annualized dividend and a yield of 0.64%. Cimarex Energy’s dividend payout ratio is 6.88%.

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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.

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

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