Press coverage about Cimarex Energy (NYSE:XEC) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cimarex Energy earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 45.9420380910023 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
Cimarex Energy (NYSE XEC) traded down $0.72 during midday trading on Friday, reaching $112.33. 870,937 shares of the company were exchanged, compared to its average volume of 714,342. The firm has a market capitalization of $10,769.24, a P/E ratio of 29.75 and a beta of 1.34. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $144.30. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. equities analysts predict that Cimarex Energy will post 4.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Cimarex Energy’s dividend payout ratio (DPR) is currently 8.51%.
A number of equities research analysts have recently weighed in on XEC shares. Stifel Nicolaus set a $168.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. BidaskClub raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Credit Suisse Group started coverage on shares of Cimarex Energy in a report on Monday, December 11th. They set an “outperform” rating and a $140.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, UBS lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $136.60.
In other Cimarex Energy news, VP Krista L. Johnson sold 5,341 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $116.46, for a total value of $622,012.86. Following the completion of the transaction, the vice president now owns 42,938 shares in the company, valued at $5,000,559.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $125.10, for a total transaction of $312,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,764 shares of company stock valued at $3,496,934. Insiders own 1.70% of the company’s stock.
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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.
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