News coverage about Cimarex Energy (NYSE:XEC) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cimarex Energy earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.6282429709167 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently issued reports on XEC. Stifel Nicolaus set a $169.00 price target on Cimarex Energy and gave the company a “buy” rating in a research note on Wednesday, August 16th. Barclays PLC increased their target price on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Scotiabank set a $143.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC set a $98.00 target price on Cimarex Energy and gave the company a “hold” rating in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $134.19.

Cimarex Energy (XEC) opened at 116.06 on Friday. The company’s 50 day moving average price is $105.53 and its 200-day moving average price is $106.27. The company has a market capitalization of $10.84 billion, a P/E ratio of 41.57 and a beta of 1.35. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. Equities analysts forecast that Cimarex Energy will post $4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio (DPR) is currently 12.03%.

In related news, VP Joseph R. Albi sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $99.02, for a total transaction of $272,305.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harold R. Logan, Jr. sold 913 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $105.83, for a total value of $96,622.79. Following the transaction, the director now directly owns 9,299 shares in the company, valued at $984,113.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,299 shares of company stock worth $2,204,271. 1.70% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

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