Cimarex Energy (NYSE:XEC) – Equities research analysts at SunTrust Banks upped their Q1 2018 EPS estimates for shares of Cimarex Energy in a note issued to investors on Monday, April 16th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $1.72 per share for the quarter, up from their previous estimate of $1.66. SunTrust Banks has a “Buy” rating and a $130.00 price objective on the stock. SunTrust Banks also issued estimates for Cimarex Energy’s Q2 2018 earnings at $1.74 EPS and FY2020 earnings at $10.11 EPS.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The company had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. During the same period in the prior year, the business posted $0.60 EPS. The firm’s revenue was up 44.1% compared to the same quarter last year.
NYSE:XEC opened at $96.32 on Tuesday. Cimarex Energy has a 52 week low of $87.98 and a 52 week high of $130.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.30. The firm has a market cap of $8,969.27, a P/E ratio of 20.71 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, March 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, May 14th. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.08. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.66%. Cimarex Energy’s dividend payout ratio is currently 6.88%.
In other news, Director Harold R. Logan, Jr. sold 1,900 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $97.82, for a total value of $185,858.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of Cimarex Energy by 28.0% in the 4th quarter. Boston Partners now owns 1,812,143 shares of the oil and gas producer’s stock worth $221,100,000 after buying an additional 395,877 shares during the period. Wells Fargo & Company MN grew its position in Cimarex Energy by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,506,133 shares of the oil and gas producer’s stock valued at $183,763,000 after purchasing an additional 153,665 shares during the last quarter. Geode Capital Management LLC grew its position in Cimarex Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 969,389 shares of the oil and gas producer’s stock valued at $118,015,000 after purchasing an additional 21,960 shares during the last quarter. American Century Companies Inc. grew its position in Cimarex Energy by 226.7% during the 4th quarter. American Century Companies Inc. now owns 879,814 shares of the oil and gas producer’s stock valued at $107,346,000 after purchasing an additional 610,508 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in Cimarex Energy by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 792,417 shares of the oil and gas producer’s stock valued at $80,515,000 after purchasing an additional 49,300 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
About Cimarex Energy
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.