Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cimarex Energy (XEC) Stock Price
Media coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. 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 daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 48.0753462802167 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- FY2017 EPS Estimates for Cimarex Energy Co (XEC) Lifted by Analyst (americanbankingnews.com)
- Cimarex Energy Co (XEC) Given New $141.00 Price Target at Barclays PLC (americanbankingnews.com)
- Surprising Analyst 12-Month Target For XLE – Nasdaq (nasdaq.com)
- Vaalco Energy (EGY) versus Cimarex Energy (XEC) Head to Head Survey (americanbankingnews.com)
- Jefferies Group Comments on Cimarex Energy Co’s FY2017 Earnings (XEC) (americanbankingnews.com)
Several research firms have weighed in on XEC. Jefferies Group LLC set a $115.00 target price on Cimarex Energy and gave the company a “hold” rating in a report on Thursday, November 16th. Capital One Financial Corporation restated an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Barclays PLC upped their price objective on Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Imperial Capital initiated coverage on Cimarex Energy in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $135.00 price objective on the stock. Finally, KeyCorp restated a “buy” rating and issued a $130.00 price objective on shares of Cimarex Energy in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $137.05.
Cimarex Energy (NYSE:XEC) traded up $0.45 during trading on Wednesday, hitting $115.41. The stock had a trading volume of 448,637 shares, compared to its average volume of 1,059,058. The stock has a market cap of $10,990.00, a P/E ratio of 30.34 and a beta of 1.35. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy has a 52 week low of $89.49 and a 52 week high of $146.96.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. analysts expect that Cimarex Energy will post 4.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 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 8.00%.
In other news, VP Krista L. Johnson sold 5,341 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total value of $622,012.86. Following the completion of the sale, the vice president now owns 42,938 shares in the company, valued at $5,000,559.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $125.10, for a total value of $312,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,698 shares of company stock valued at $3,267,800. 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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