Cimarex Energy (XEC) to Release Earnings on Wednesday
Cimarex Energy (NYSE:XEC) will release its Q313 earnings data on Wednesday, November 6th. Analysts expect Cimarex Energy to post earnings of $1.47 per share and revenue of $502.12 million for the quarter.
Cimarex Energy (NYSE:XEC) last released its earnings data on Wednesday, August 7th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.12. The company had revenue of $493.76 million for the quarter, compared to the consensus estimate of $467.55 million. During the same quarter last year, the company posted $0.79 earnings per share. Cimarex Energy’s revenue was up 39.8% compared to the same quarter last year. On average, analysts expect Cimarex Energy to post $5.54 EPS for the current fiscal year and $6.23 EPS for the next fiscal year.
Shares of Cimarex Energy (NYSE:XEC) opened at 106.00 on Tuesday. Cimarex Energy has a one year low of $55.74 and a one year high of $113.03. The stock has a 50-day moving average of $100.1 and a 200-day moving average of $81.40. The company has a market cap of $9.169 billion and a P/E ratio of 22.84.
A number of analysts have recently weighed in on XEC shares. Analysts at Topeka Capital Markets raised their price target on shares of Cimarex Energy from $96.00 to $106.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. On a related note, analysts at Global Hunter Securities raised their price target on shares of Cimarex Energy from $82.00 to $100.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Finally, analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Cimarex Energy in a research note to investors on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $99.06.
Cimarex Energy Co is an oil and gas exploration and production company. Its operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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