News articles about Cimarex Energy (NYSE:XEC) have trended positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cimarex Energy earned a news impact score of 0.27 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 48.5161268220077 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of Cimarex Energy (XEC) traded down $0.63 during midday trading on Tuesday, hitting $127.61. 551,533 shares of the stock traded hands, compared to its average volume of 837,633. Cimarex Energy has a 52-week low of $89.49 and a 52-week high of $144.30. The firm has a market capitalization of $12,220.00, a price-to-earnings ratio of 31.90 and a beta of 1.33. 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 announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The firm had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. sell-side analysts forecast that Cimarex Energy will post 4.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Cimarex Energy’s dividend payout ratio is currently 8.00%.
A number of brokerages have recently commented on XEC. Piper Jaffray Companies reiterated a “hold” rating and set a $138.00 price target on shares of Cimarex Energy in a report on Tuesday. Jefferies Group set a $117.00 target price on shares of Cimarex Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. Seaport Global Securities upgraded shares of Cimarex Energy from a “sell” rating to a “buy” rating in a report on Tuesday, December 19th. Robert W. Baird assumed coverage on shares of Cimarex Energy in a report on Tuesday, December 19th. They issued an “outperform” rating and a $137.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on shares of Cimarex Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $140.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $137.67.
In other Cimarex Energy news, Director Lisa A. Stewart bought 248 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $112.06 per share, with a total value of $27,790.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’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. Insiders have sold 32,264 shares of company stock worth $3,804,134 in the last quarter. Company insiders own 1.70% of the company’s stock.
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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.
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