Cimarex Energy (NYSE:XEC) Earning Favorable News Coverage, Study Finds
Media coverage about Cimarex Energy (NYSE:XEC) has been trending positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cimarex Energy earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Pre-Market Technical Recap on Oil & Gas Stocks — Newfield Exploration, Approach Resources, Matador Resources, and Cimarex Energy (bizjournals.com)
- Boston Partners Sells A Lot More Cimarex Energy Co (XEC) Stock In The Last Quarter (highlightpress.com)
- Take a Pass on Cimarex Energy – TheStreet.com (realmoney.thestreet.com)
- Cimarex Energy Co (NYSE:XEC) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
Cimarex Energy (XEC) traded up 1.19% during midday trading on Friday, reaching $94.00. 1,197,445 shares of the company’s stock were exchanged. Cimarex Energy has a 12 month low of $89.49 and a 12 month high of $146.96. The stock’s market cap is $8.78 billion. The firm has a 50 day moving average of $94.77 and a 200-day moving average of $114.76.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, May 10th. The oil and gas producer reported $1.05 EPS for the quarter, topping the consensus estimate of $0.85 by $0.20. The firm had revenue of $447.20 million for the quarter, compared to the consensus estimate of $423.62 million. Cimarex Energy had a negative net margin of 7.78% and a positive return on equity of 9.03%. The business’s revenue was up 85.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. On average, equities research analysts predict that Cimarex Energy will post $4.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, August 11th. Cimarex Energy’s dividend payout ratio is -25.20%.
A number of research firms recently weighed in on XEC. Williams Capital raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $148.00 to $160.00 in a research report on Monday, May 15th. They noted that the move was a valuation call. UBS AG reaffirmed a “neutral” rating and issued a $134.00 target price (up previously from $131.00) on shares of Cimarex Energy in a research report on Friday, May 12th. Scotiabank set a $143.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC set a $119.00 target price on shares of Cimarex Energy and gave the company a “hold” rating in a research report on Wednesday, May 17th. Finally, KLR Group reaffirmed a “buy” rating and issued a $151.00 target price (up previously from $149.00) on shares of Cimarex Energy in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Cimarex Energy presently has an average rating of “Hold” and a consensus price target of $138.19.
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In other news, Director L Paul Teague sold 1,038 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $120.00, for a total value of $124,560.00. Following the transaction, the director now owns 44,394 shares in the company, valued at $5,327,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $116.40, for a total transaction of $291,000.00. The disclosure for this sale can be found here. Insiders sold 8,538 shares of company stock worth $1,001,760 in the last 90 days. 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.
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