Wall Street brokerages expect Cimarex Energy Co (NYSE:XEC) to announce $1.23 earnings per share for the current quarter, according to Zacks. Twenty Five analysts have provided estimates for Cimarex Energy’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.51. Cimarex Energy posted earnings of $0.60 per share during the same quarter last year, which suggests a positive year over year growth rate of 105%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that Cimarex Energy will report full year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.04 to $4.61. For the next financial year, analysts expect that the firm will report earnings of $5.47 per share, with EPS estimates ranging from $2.62 to $7.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Cimarex Energy.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS.

Several research firms recently weighed in on XEC. KeyCorp restated a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Capital One Financial reaffirmed an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS lowered Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Susquehanna Bancshares lowered Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, SunTrust Banks lifted their price target on Cimarex Energy to $127.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and a consensus target price of $136.60.

Shares of Cimarex Energy (XEC) opened at $112.33 on Friday. The firm has a market capitalization of $10,769.24, a P/E ratio of 29.75 and a beta of 1.34. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $144.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s payout ratio is currently 8.51%.

In related news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total transaction of $312,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stephen P. Bell sold 3,696 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total value of $462,406.56. The disclosure for this sale can be found here. In the last three months, insiders sold 29,764 shares of company stock worth $3,496,934. Corporate insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its position in Cimarex Energy by 37.9% during the third quarter. Parametric Portfolio Associates LLC now owns 258,902 shares of the oil and gas producer’s stock worth $29,429,000 after purchasing an additional 71,140 shares in the last quarter. Optimum Investment Advisors purchased a new stake in Cimarex Energy during the third quarter worth $281,000. Belpointe Asset Management LLC purchased a new stake in Cimarex Energy during the third quarter worth $311,000. IFM Investors Pty Ltd purchased a new stake in Cimarex Energy during the third quarter worth $330,000. Finally, Sterling Capital Management LLC boosted its position in Cimarex Energy by 48.0% during the third quarter. Sterling Capital Management LLC now owns 3,700 shares of the oil and gas producer’s stock worth $421,000 after purchasing an additional 1,200 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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