Cimarex Energy (XEC) Earns Daily Media Impact Score of 0.13
News coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.2661242824455 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Cimarex Energy Co (XEC) Given a $169.00 Price Target at Stifel Nicolaus (americanbankingnews.com)
- EnerCom’s 2017 Conference Day Two Breakout Notes: Cimarex Energy (oilandgas360.com)
- Will US Natural Gas Futures Fall from Current Levels? (finance.yahoo.com)
- Cimarex Energy Co (XEC) Price Target Raised to $117.00 at Barclays PLC (americanbankingnews.com)
- Active Stocks on Watch: Cimarex Energy Co (XEC) and Big 5 Sporting Goods Corp (BGFV) – Evergreen Caller (evergreencaller.com)
Shares of Cimarex Energy (NYSE XEC) traded down 0.06% during midday trading on Wednesday, reaching $96.56. The company had a trading volume of 1,238,953 shares. The company has a 50 day moving average of $95.36 and a 200 day moving average of $111.72. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 34.58 and a beta of 1.32. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. During the same period last year, the firm posted $0.07 earnings per share. Cimarex Energy’s revenue was up 52.7% compared to the same quarter last year. Analysts anticipate that Cimarex Energy will post $4.21 EPS for the current year.
XEC has been the subject of several research reports. Jefferies Group LLC reissued a “hold” rating and issued a $119.00 price target on shares of Cimarex Energy in a research report on Thursday, July 6th. KLR Group reaffirmed a “buy” rating and set a $151.00 price objective (up from $149.00) on shares of Cimarex Energy in a report on Wednesday, May 17th. Barclays PLC reaffirmed an “overweight” rating and set a $135.00 price objective (up from $129.00) on shares of Cimarex Energy in a report on Monday, May 15th. BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Cimarex Energy presently has a consensus rating of “Hold” and an average price target of $138.20.
In other Cimarex Energy news, SVP John Lambuth sold 2,136 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $99.84, for a total value of $213,258.24. Following the transaction, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen P. Bell sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $117.24, for a total value of $586,200.00. The disclosure for this sale can be found here. Insiders sold 9,636 shares of company stock worth $1,053,633 over the last three months. Insiders own 1.70% of the company’s stock.
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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