Cimarex Energy Co (NYSE:XEC) – Equities research analysts at Jefferies Group dropped their Q3 2017 EPS estimates for shares of Cimarex Energy in a note issued to investors on Monday. Jefferies Group analyst M. Hsu now forecasts that the oil and gas producer will post earnings of $0.82 per share for the quarter, down from their previous estimate of $0.87. Jefferies Group currently has a “Hold” rating and a $98.00 target price on the stock. Jefferies Group also issued estimates for Cimarex Energy’s Q4 2017 earnings at $1.06 EPS, FY2017 earnings at $3.99 EPS, Q1 2018 earnings at $1.14 EPS, Q1 2019 earnings at $1.46 EPS, Q2 2019 earnings at $1.49 EPS, Q3 2019 earnings at $1.54 EPS and FY2019 earnings at $6.10 EPS.

Several other analysts have also issued reports on XEC. Wolfe Research lowered shares of Cimarex Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Seaport Global Securities lowered shares of Cimarex Energy from a “neutral” rating to a “sell” rating and lowered their price target for the company from $141.00 to $77.00 in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, June 28th. Scotiabank set a $143.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, Citigroup Inc. lowered their price target on shares of Cimarex Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $134.14.

TRADEMARK VIOLATION WARNING: “Equities Analysts Offer Predictions for Cimarex Energy Co’s Q3 2017 Earnings (XEC)” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/equities-analysts-offer-predictions-for-cimarex-energy-cos-q3-2017-earnings-xec.html.

Shares of Cimarex Energy (XEC) opened at 114.84 on Wednesday. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96. The stock has a 50 day moving average price of $107.07 and a 200-day moving average price of $106.04. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 41.13 and a beta of 1.35.

Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in XEC. UBS Asset Management Americas Inc. grew its stake in Cimarex Energy by 7.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 244,361 shares of the oil and gas producer’s stock worth $29,199,000 after buying an additional 16,527 shares in the last quarter. Pacer Advisors Inc. grew its stake in Cimarex Energy by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,787 shares of the oil and gas producer’s stock worth $214,000 after buying an additional 55 shares in the last quarter. Stifel Financial Corp grew its stake in Cimarex Energy by 13.3% in the 1st quarter. Stifel Financial Corp now owns 11,418 shares of the oil and gas producer’s stock worth $1,366,000 after buying an additional 1,337 shares in the last quarter. Credit Agricole S A grew its stake in Cimarex Energy by 16.8% in the 1st quarter. Credit Agricole S A now owns 29,065 shares of the oil and gas producer’s stock worth $3,473,000 after buying an additional 4,173 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Cimarex Energy in the 1st quarter worth approximately $299,000. 90.25% of the stock is owned by institutional investors and hedge funds.

In related news, VP Joseph R. Albi sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total transaction of $272,305.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,299 shares of company stock valued at $2,204,271. 1.70% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.28%. Cimarex Energy’s dividend payout ratio is currently 12.03%.

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.

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

Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with MarketBeat.com's FREE daily email newsletter.