Cimarex Energy Co. (XEC) EPS Estimated At $1.62

October 13, 2018 - By Hazel Jackson

Cimarex Energy Co. (NYSE:XEC) LogoInvestors sentiment decreased to 1.16 in 2018 Q2. Its down 0.04, from 1.2 in 2018Q1. It worsened, as 51 investors sold Cimarex Energy Co. shares while 119 reduced holdings. 53 funds opened positions while 145 raised stakes. 93.21 million shares or 5.30% more from 88.51 million shares in 2018Q1 were reported.
D E Shaw And Company reported 137,503 shares stake. Cibc Markets Corporation accumulated 13,480 shares. State Of Tennessee Treasury Department reported 40,322 shares or 0.02% of all its holdings. Citigroup owns 42,487 shares. Ontario – Canada-based Canada Pension Plan Board has invested 0.01% in Cimarex Energy Co. (NYSE:XEC). Sumitomo Mitsui Asset Mgmt Co Limited owns 6,553 shares. State Treasurer State Of Michigan stated it has 28,280 shares. Linscomb Williams owns 2,752 shares for 0.02% of their portfolio. Moreover, Assetmark has 0% invested in Cimarex Energy Co. (NYSE:XEC) for 72 shares. Royal National Bank & Trust Of Canada reported 0.01% stake. Moreover, Benjamin F Edwards And has 0.02% invested in Cimarex Energy Co. (NYSE:XEC). 2,000 were reported by Macquarie Gru Ltd. 156 were reported by Gemmer Asset Mgmt Limited Liability. Mitsubishi Ufj Trust & Corp has 0.03% invested in Cimarex Energy Co. (NYSE:XEC) for 195,915 shares. Signaturefd Limited Com reported 154 shares.

Since April 18, 2018, it had 2 insider purchases, and 3 insider sales for $437,419 activity. $250,000 worth of stock was sold by JORDEN THOMAS E on Wednesday, April 18. ALBI JOSEPH R also sold $175,175 worth of Cimarex Energy Co. (NYSE:XEC) shares. The insider TEAGUE L PAUL sold $104,104.

Analysts expect Cimarex Energy Co. (NYSE:XEC) to report $1.62 EPS on November, 6.They anticipate $0.53 EPS change or 48.62 % from last quarter’s $1.09 EPS. XEC’s profit would be $154.48M giving it 14.36 P/E if the $1.62 EPS is correct. After having $1.59 EPS previously, Cimarex Energy Co.’s analysts see 1.89 % EPS growth. The stock decreased 1.62% or $1.53 during the last trading session, reaching $93.03. About 1.90M shares traded or 46.80% up from the average. Cimarex Energy Co. (NYSE:XEC) has declined 11.98% since October 14, 2017 and is downtrending. It has underperformed by 27.60% the S&P500.

Cimarex Energy Co. (NYSE:XEC) Ratings Coverage

Among 16 analysts covering Cimarex Energy (NYSE:XEC), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Cimarex Energy had 26 analyst reports since April 16, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of XEC in report on Friday, May 25 with “Buy” rating. On Friday, June 15 the stock rating was maintained by Citigroup with “Buy”. Stifel Nicolaus maintained Cimarex Energy Co. (NYSE:XEC) rating on Monday, April 23. Stifel Nicolaus has “Buy” rating and $18700 target. The stock of Cimarex Energy Co. (NYSE:XEC) has “Neutral” rating given on Wednesday, August 8 by JP Morgan. The rating was maintained by Cowen & Co on Tuesday, June 19 with “Buy”. The rating was maintained by Stifel Nicolaus on Wednesday, May 9 with “Buy”. The rating was upgraded by Jefferies to “Buy” on Monday, June 11. The rating was maintained by Stephens on Tuesday, April 24 with “Hold”. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Hold” rating by SunTrust on Friday, September 7. The rating was maintained by Williams Capital Group with “Buy” on Wednesday, May 9.

Cimarex Energy Co. operates as an independent gas and oil exploration and production firm primarily in Oklahoma, Texas, and New Mexico. The company has market cap of $8.87 billion. As of December 31, 2016, it had a total proved gas and oil reserves of 2.89 trillion cubic feet equivalent consisting of 1.47 trillion cubic feet of natural gas, 0.64 Tcfe of oil, and 0.78 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions. It has a 14.92 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

Another recent and important Cimarex Energy Co. (NYSE:XEC) news was published by Gurufocus.com which published an article titled: “Legacy Reserves: A Compelling Value Opportunity” on October 12, 2018.

Cimarex Energy Co. (NYSE:XEC) Institutional Positions Chart

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