Favorable News Coverage Somewhat Unlikely to Affect Cimarex Energy (XEC) Stock Price
News headlines about Cimarex Energy (NYSE:XEC) have trended positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cimarex Energy earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 48.5161268220077 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Piper Jaffray Companies Reaffirms Hold Rating for Cimarex Energy (XEC) (americanbankingnews.com)
- Colony Group Stake in Cimarex Energy Company (XEC) Increased by $698001 as Stock Declined; Chemung Canal … – Hill Country Times (hillcountrytimes.com)
- $510.44 Million in Sales Expected for Cimarex Energy Co (XEC) This Quarter (americanbankingnews.com)
- Cimarex Energy Company: Cimarex Schedules Fourth Quarter 2017 Earnings Release and Conference Call (twst.com)
- As Unitedhealth Group Com (UNH) Stock Value Rose, Holder Stralem & Co Has Cut Its Holding by $6.90 Million; As … – Hill Country Times (hillcountrytimes.com)
Several equities research analysts have recently commented on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $138.00 target price on shares of Cimarex Energy in a research report on Tuesday. KeyCorp reissued a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Capital One Financial reissued an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS Group downgraded shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, Susquehanna Bancshares downgraded shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $137.67.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. research analysts predict that Cimarex Energy will post 4.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s payout ratio is 8.00%.
In other news, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.88, for a total transaction of $307,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa A. Stewart bought 248 shares of Cimarex Energy stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $112.06 per share, with a total value of $27,790.88. The disclosure for this purchase can be found here. Insiders sold a total of 32,264 shares of company stock valued at $3,804,134 over the last ninety days. 1.70% of the stock is currently owned by insiders.
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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