Cimarex Energy Co. (NYSE:XEC) – Capital One Financial Corp. lowered their Q1 2017 earnings per share (EPS) estimates for shares of Cimarex Energy in a research report issued on Tuesday. Capital One Financial Corp. analyst R. Tullis now anticipates that the brokerage will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.64. Capital One Financial Corp. also issued estimates for Cimarex Energy’s Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.54 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.81 EPS, FY2018 earnings at $3.21 EPS, FY2019 earnings at $7.72 EPS and FY2020 earnings at $9.74 EPS.

A number of other equities analysts have also weighed in on the company. FBR & Co reissued a “buy” rating on shares of Cimarex Energy in a research report on Thursday, November 3rd. Canaccord Genuity reduced their price target on shares of Cimarex Energy from $112.00 to $94.00 and set a “hold” rating for the company in a research report on Thursday, August 11th. Deutsche Bank AG upped their price target on shares of Cimarex Energy from $120.00 to $140.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Citigroup Inc. upped their price target on shares of Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Wells Fargo & Co. started coverage on shares of Cimarex Energy in a research report on Wednesday, August 31st. They set an “outperform” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $127.58.

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

Shares of Cimarex Energy (NYSE:XEC) opened at 124.51 on Friday. The company’s market capitalization is $11.82 billion. Cimarex Energy has a 12 month low of $72.77 and a 12 month high of $142.20. The firm’s 50-day moving average is $132.07 and its 200 day moving average is $123.59.

A number of hedge funds have recently added to or reduced their stakes in XEC. Chevy Chase Trust Holdings Inc. raised its stake in Cimarex Energy by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 81,165 shares of the company’s stock worth $9,685,000 after buying an additional 1,053 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Cimarex Energy by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 24,543 shares of the company’s stock valued at $2,928,000 after buying an additional 1,457 shares in the last quarter. British Columbia Investment Management Corp raised its position in shares of Cimarex Energy by 31.7% in the second quarter. British Columbia Investment Management Corp now owns 67,217 shares of the company’s stock valued at $8,020,000 after buying an additional 16,161 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cimarex Energy by 2.8% in the first quarter. Arizona State Retirement System now owns 25,700 shares of the company’s stock valued at $2,500,000 after buying an additional 700 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised 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 valued at $1,271,000 after buying an additional 5,310 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

In other Cimarex Energy news, VP James H. Shonsey sold 3,000 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $131.29, for a total value of $393,870.00. Following the sale, the vice president now owns 11,000 shares in the company, valued at $1,444,190. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joseph R. Albi sold 3,093 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $123.47, for a total value of $381,892.71. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Cimarex Energy’s payout ratio is -2.70%.

Cimarex Energy Company Profile

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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