News articles about Cimarex Energy (NYSE:XEC) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. 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 news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.3380053364184 out of 100, indicating 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 news articles that may have effected Accern Sentiment’s scoring:
- Cimarex Energy Co (XEC) Given a $143.00 Price Target at Scotiabank (americanbankingnews.com)
- Piper Jaffray Companies Reaffirms “Hold” Rating for Cimarex Energy Co (XEC) (americanbankingnews.com)
- Cimarex Energy Co (XEC): Time For A Financial Health Check (finance.yahoo.com)
- FY2017 EPS Estimates for Cimarex Energy Co Raised by Analyst (XEC) (americanbankingnews.com)
- Cimarex Energy Co. breached its 50 day moving average in a Bearish Manner : XEC-US : November 21, 2017 (finance.yahoo.com)
A number of analysts have recently issued reports on the stock. KeyCorp reissued a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Capital One Financial Corporation reissued an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS AG lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Susquehanna Bancshares Inc lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, SunTrust Banks, Inc. increased their price target on shares of Cimarex Energy to $127.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $137.14.
Cimarex Energy (NYSE XEC) traded up $1.12 during trading hours on Friday, reaching $116.52. The company had a trading volume of 339,790 shares, compared to its average volume of 800,618. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $146.96. The firm has a market capitalization of $11,100.00, a P/E ratio of 30.66 and a beta of 1.35. 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 released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was up 38.1% on a year-over-year basis. equities analysts predict that Cimarex Energy will post 4.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.
In other Cimarex Energy news, VP Stephen P. Bell sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $102.54, for a total transaction of $256,350.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harold R. Logan, Jr. sold 913 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $105.83, for a total value of $96,622.79. Following the transaction, the director now owns 9,299 shares in the company, valued at approximately $984,113.17. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,448 shares of company stock worth $3,468,665. Corporate insiders own 1.70% of the company’s stock.
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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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