Cimarex Energy Co (NYSE:XEC) – Investment analysts at Capital One Financial Corporation cut their Q3 2017 earnings per share (EPS) estimates for shares of Cimarex Energy in a research note issued on Thursday. Capital One Financial Corporation analyst R. Tullis now forecasts that the oil and gas producer will post earnings per share of $0.88 for the quarter, down from their previous forecast of $0.92. Capital One Financial Corporation also issued estimates for Cimarex Energy’s Q4 2017 earnings at $0.94 EPS and FY2018 earnings at $4.22 EPS.

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

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/research-analysts-set-expectations-for-cimarex-energy-cos-q3-2017-earnings-nysexec/1471535.html.

Several other analysts have also recently issued reports on XEC. UBS AG reissued a “neutral” rating and set a $134.00 price objective (up from $131.00) on shares of Cimarex Energy in a research note on Friday, May 12th. Scotiabank set a $143.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Williams Capital set a $136.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Cimarex Energy from $135.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $136.95.

Cimarex Energy (NYSE XEC) opened at 97.78 on Friday. Cimarex Energy has a 52-week low of $89.49 and a 52-week high of $146.96. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 34.81 and a beta of 1.32. The stock’s 50 day moving average price is $94.88 and its 200 day moving average price is $113.13.

Several large investors have recently modified their holdings of the stock. Tricadia Capital Management LLC bought a new stake in shares of Cimarex Energy during the second quarter worth about $688,000. BlueMountain Capital Management LLC raised its stake in shares of Cimarex Energy by 161.1% in the second quarter. BlueMountain Capital Management LLC now owns 19,325 shares of the oil and gas producer’s stock worth $1,817,000 after buying an additional 11,924 shares during the period. Amalgamated Bank raised its stake in shares of Cimarex Energy by 74.2% in the second quarter. Amalgamated Bank now owns 10,277 shares of the oil and gas producer’s stock worth $966,000 after buying an additional 4,377 shares during the period. BlackRock Inc. raised its stake 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 worth $706,278,000 after buying an additional 371,390 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Cimarex Energy by 14.7% in the second quarter. Nationwide Fund Advisors now owns 73,015 shares of the oil and gas producer’s stock worth $6,864,000 after buying an additional 9,339 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.

In other news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total value of $291,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director L Paul Teague sold 1,038 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $120.00, for a total transaction of $124,560.00. Following the completion of the sale, the director now owns 44,394 shares in the company, valued at approximately $5,327,280. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,538 shares of company stock worth $1,001,760. Company insiders own 1.70% of the company’s stock.

Cimarex Energy Company Profile

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)

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.