Cimarex Energy (NYSE:XEC) – Research analysts at US Capital Advisors cut their Q1 2018 earnings estimates for Cimarex Energy in a note issued to investors on Monday, April 23rd. US Capital Advisors analyst C. Horwitz now expects that the oil and gas producer will post earnings per share of $1.50 for the quarter, down from their previous estimate of $1.64. US Capital Advisors also issued estimates for Cimarex Energy’s Q2 2018 earnings at $1.72 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $2.12 EPS, FY2018 earnings at $7.29 EPS, Q3 2019 earnings at $2.15 EPS, Q4 2019 earnings at $2.18 EPS and FY2019 earnings at $8.71 EPS.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year.
NYSE XEC opened at $101.39 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.38 and a debt-to-equity ratio of 0.58. Cimarex Energy has a one year low of $87.98 and a one year high of $130.16. The company has a market capitalization of $9,771.91, a PE ratio of 21.80 and a beta of 1.19.
A number of hedge funds have recently added to or reduced their stakes in the business. Norinchukin Bank The grew its position in shares of Cimarex Energy by 7.4% during the fourth quarter. Norinchukin Bank The now owns 7,615 shares of the oil and gas producer’s stock worth $929,000 after acquiring an additional 522 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Cimarex Energy by 0.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 147,407 shares of the oil and gas producer’s stock worth $17,985,000 after acquiring an additional 598 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Cimarex Energy by 2.2% during the fourth quarter. CIBC Asset Management Inc now owns 27,940 shares of the oil and gas producer’s stock worth $3,409,000 after acquiring an additional 604 shares during the last quarter. DnB Asset Management AS grew its position in shares of Cimarex Energy by 5.1% during the fourth quarter. DnB Asset Management AS now owns 14,359 shares of the oil and gas producer’s stock worth $1,752,000 after acquiring an additional 700 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Cimarex Energy by 0.4% during the fourth quarter. Rhumbline Advisers now owns 192,925 shares of the oil and gas producer’s stock worth $23,539,000 after acquiring an additional 760 shares during the last quarter. 92.30% of the stock is currently owned by institutional investors.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Harold R. Logan, Jr. sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total transaction of $185,858.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, May 14th. This represents a $0.64 dividend on an annualized basis and a yield of 0.63%. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.08. Cimarex Energy’s dividend payout ratio (DPR) is presently 6.88%.
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.
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