Positive Media Coverage Somewhat Unlikely to Impact Cimarex Energy (NYSE:XEC) Share Price

Media coverage about Cimarex Energy (NYSE:XEC) has been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, 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 press coverage about the oil and gas producer an impact score of 48.5161268220077 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several equities analysts have commented on the stock. KeyCorp reissued a “buy” rating and issued a $130.00 target price on shares of Cimarex Energy in a report on Friday, October 20th. Piper Jaffray Companies decreased their price target on shares of Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Robert W. Baird assumed coverage on shares of Cimarex Energy in a report on Tuesday, December 19th. They set an “outperform” rating and a $137.00 price target on the stock. Seaport Global Securities raised shares of Cimarex Energy from a “sell” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Imperial Capital lifted their price target on shares of Cimarex Energy from $135.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. One 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 stock currently has an average rating of “Buy” and a consensus target price of $137.67.

Shares of Cimarex Energy (NYSE XEC) traded down $0.51 during midday trading on Friday, hitting $127.14. 1,459,944 shares of the stock were exchanged, compared to its average volume of 856,349. The firm has a market cap of $12,110.00, a P/E ratio of 31.79 and a beta of 1.33. Cimarex Energy has a 1 year low of $89.49 and a 1 year high of $144.30. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. sell-side analysts expect that Cimarex Energy will post 4.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.

In other Cimarex Energy news, VP Stephen P. Bell sold 3,696 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.11, for a total transaction of $462,406.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Brian Barron sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $112.59, for a total transaction of $337,770.00. Following the sale, the senior vice president now owns 87,723 shares of the company’s stock, valued at approximately $9,876,732.57. The disclosure for this sale can be found here. Insiders have sold a total of 32,264 shares of company stock valued at $3,804,134 in the last 90 days. 1.70% of the stock is currently 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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