Cimarex Energy Co (NYSE:XEC) – Equities research analysts at KeyCorp reduced their FY2016 earnings estimates for shares of Cimarex Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the firm will earn $0.70 per share for the year, down from their prior forecast of $0.71. KeyCorp also issued estimates for Cimarex Energy’s Q1 2017 earnings at $0.95 EPS, Q2 2017 earnings at $0.98 EPS, Q3 2017 earnings at $1.20 EPS, Q4 2017 earnings at $1.50 EPS, FY2017 earnings at $4.64 EPS, Q1 2018 earnings at $1.51 EPS and FY2018 earnings at $6.08 EPS.

XEC has been the topic of several other research reports. J P Morgan Chase & Co upgraded Cimarex Energy from a “neutral” rating to an “overweight” rating and set a $150.00 price objective on the stock in a research report on Thursday, December 8th. FBR & Co restated a “buy” rating on shares of Cimarex Energy in a research report on Thursday, November 3rd. Stifel Nicolaus upped their price objective on Cimarex Energy from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. Susquehanna upgraded Cimarex Energy from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $121.53 to $148.00 in a research report on Friday, November 4th. Finally, Goldman Sachs Group, Inc. (The) upgraded Cimarex Energy from a “neutral” rating to a “buy” rating in a research report on Friday, December 16th. One analyst has 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. Cimarex Energy has a consensus rating of “Buy” and a consensus target price of $132.82.

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

TRADEMARK VIOLATION WARNING: “KeyCorp Research Analysts Reduce Earnings Estimates for Cimarex Energy Co (XEC)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The legal version of this report can be accessed at http://www.watchlistnews.com/keycorp-research-analysts-reduce-earnings-estimates-for-cimarex-energy-co-xec/1060026.html.

Shares of Cimarex Energy (NYSE:XEC) traded down 0.05% during midday trading on Friday, reaching $138.77. 228,261 shares of the company traded hands. The firm’s market capitalization is $13.18 billion. Cimarex Energy has a 1-year low of $72.77 and a 1-year high of $146.96. The stock has a 50 day moving average price of $137.67 and a 200 day moving average price of $129.84.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Cimarex Energy’s dividend payout ratio (DPR) is presently -2.70%.

In other Cimarex Energy news, COO Joseph R. Albi sold 1,593 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $125.75, for a total value of $200,319.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $122.50, for a total value of $306,250.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “KeyCorp Research Analysts Reduce Earnings Estimates for Cimarex Energy Co (XEC)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The legal version of this report can be accessed at http://www.watchlistnews.com/keycorp-research-analysts-reduce-earnings-estimates-for-cimarex-energy-co-xec/1060026.html.

Several hedge funds have recently modified their holdings of XEC. Ashburton Jersey Ltd increased its stake in shares of Cimarex Energy by 20.9% in the second quarter. Ashburton Jersey Ltd now owns 9,120 shares of the company’s stock worth $1,088,000 after buying an additional 1,575 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Cimarex Energy by 1.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,348 shares of the company’s stock worth $876,000 after buying an additional 126 shares during the period. Henderson Group PLC increased its stake in shares of Cimarex Energy by 12.9% in the second quarter. Henderson Group PLC now owns 11,419 shares of the company’s stock worth $1,362,000 after buying an additional 1,308 shares during the period. Spectrum Management Group Inc. bought a new stake in shares of Cimarex Energy during the second quarter worth about $549,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Cimarex Energy by 5.9% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,377 shares of the company’s stock worth $403,000 after buying an additional 188 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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

Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with Analyst Ratings Network's FREE daily email newsletter.