Cimarex Energy Co. (NYSE:XEC) – Research analysts at Williams Capital raised their FY2016 earnings per share (EPS) estimates for shares of Cimarex Energy in a note issued to investors on Monday. Williams Capital analyst G. Sorbara now expects that the firm will earn $0.68 per share for the year, up from their previous forecast of $0.65. Williams Capital has a “Hold” rating and a $143.00 price target on the stock. Williams Capital also issued estimates for Cimarex Energy’s FY2017 earnings at $3.32 EPS and FY2018 earnings at $5.52 EPS.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.18. Cimarex Energy had a negative net margin of 153.32% and a negative return on equity of 2.41%. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $279.22 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Cimarex Energy’s revenue for the quarter was down 29.6% on a year-over-year basis.

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

Several other research analysts also recently commented on the stock. FBR & Co assumed coverage on shares of Cimarex Energy in a report on Tuesday, September 13th. They issued an “outperform” rating and a $160.00 price target for the company. Citigroup Inc. raised their price target on shares of Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a report on Monday, September 12th. Stifel Nicolaus reissued a “buy” rating on shares of Cimarex Energy in a report on Wednesday, August 31st. Wells Fargo & Co. assumed coverage on shares of Cimarex Energy in a report on Wednesday, August 31st. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Cimarex Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $119.68.

Shares of Cimarex Energy (NYSE:XEC) opened at 136.93 on Tuesday. Cimarex Energy has a 52 week low of $72.77 and a 52 week high of $142.07. The company’s market cap is $13.01 billion. The company has a 50 day moving average of $132.70 and a 200 day moving average of $120.57.

A number of institutional investors have recently made changes to their positions in XEC. Geode Capital Management LLC increased its position in shares of Cimarex Energy by 2.4% in the first quarter. Geode Capital Management LLC now owns 772,277 shares of the company’s stock worth $74,966,000 after buying an additional 18,291 shares during the period. Wellington Management Group LLP increased its position in shares of Cimarex Energy by 36.8% in the first quarter. Wellington Management Group LLP now owns 1,912,324 shares of the company’s stock worth $186,011,000 after buying an additional 514,536 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Cimarex Energy by 68.5% in the first quarter. Envestnet Asset Management Inc. now owns 13,066 shares of the company’s stock worth $1,271,000 after buying an additional 5,310 shares during the period. Shell Asset Management Co. increased its position in shares of Cimarex Energy by 106.5% in the second quarter. Shell Asset Management Co. now owns 27,330 shares of the company’s stock worth $3,261,000 after buying an additional 14,095 shares during the period. Finally, National Pension Service increased its position in shares of Cimarex Energy by 4.4% in the first quarter. National Pension Service now owns 68,422 shares of the company’s stock worth $6,655,000 after buying an additional 2,908 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.

In related news, VP James H. Shonsey sold 3,780 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $127.30, for a total value of $481,194.00. Following the completion of the transaction, the vice president now directly owns 8,000 shares of the company’s stock, valued at $1,018,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Brian Barron sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $135.54, for a total value of $67,770.00. Following the completion of the transaction, the senior vice president now directly owns 67,039 shares of the company’s stock, valued at $9,086,466.06. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Thursday, November 10th. Cimarex Energy’s dividend payout ratio (DPR) is -1.61%.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

5 Day Chart for NYSE:XEC

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