Cimarex Energy Co (NYSE:XEC) – KeyCorp increased their FY2017 earnings per share estimates for Cimarex Energy in a report released on Wednesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas producer will post earnings per share of $4.16 for the year, up from their prior estimate of $4.01.

A number of other research firms also recently commented on XEC. Barclays PLC restated an “overweight” rating and issued a $129.00 price objective (down from $139.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. KLR Group reiterated a “buy” rating and issued a $151.00 target price (up previously from $149.00) on shares of Cimarex Energy in a research note on Wednesday, May 17th. Citigroup Inc. reiterated a “buy” rating and issued a $166.00 target price (up previously from $164.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. BidaskClub upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 target price on shares of Cimarex Energy in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Cimarex Energy currently has an average rating of “Hold” and an average target price of $136.95.

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Shares of Cimarex Energy (NYSE:XEC) traded up 0.650% during mid-day trading on Friday, hitting $98.335. The company had a trading volume of 58,519 shares. The firm has a 50-day moving average of $94.88 and a 200-day moving average of $113.13. Cimarex Energy has a 12 month low of $89.49 and a 12 month high of $146.96. The company has a market cap of $9.18 billion, a PE ratio of 35.246 and a beta of 1.32.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The company’s quarterly revenue was up 52.7% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Cimarex Energy by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,834,889 shares of the oil and gas producer’s stock valued at $1,175,170,000 after buying an additional 269,198 shares during the period. BlackRock Inc. boosted its position in shares of Cimarex Energy by 5.2% in the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after buying an additional 371,390 shares during the period. State Street Corp boosted its position in shares of Cimarex Energy by 5.8% in the first quarter. State Street Corp now owns 5,301,133 shares of the oil and gas producer’s stock valued at $633,445,000 after buying an additional 290,405 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Cimarex Energy by 8.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock valued at $381,992,000 after buying an additional 307,581 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in shares of Cimarex Energy by 3.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,559,704 shares of the oil and gas producer’s stock valued at $186,369,000 after buying an additional 51,470 shares during the period. Institutional investors own 93.07% of the company’s stock.

In other news, Director L Paul Teague sold 1,038 shares of Cimarex Energy stock in a transaction on Monday, May 15th. The stock was sold at an average price of $120.00, for a total transaction of $124,560.00. Following the transaction, the director now directly owns 44,394 shares in the company, valued at approximately $5,327,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total value of $291,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,538 shares of company stock worth $1,001,760 in the last ninety days. 1.70% of the stock is owned by company insiders.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.

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

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