Cimarex Energy Co Company Profile (NYSE:XEC)

Cimarex Energy Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "XEC."

Cimarex Energy Co declared a quarterly dividend on Friday, May 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.08 per share on Friday, September 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, August 11th. View Cimarex Energy Co's Dividend History.

Cimarex Energy Co (NYSE:XEC) posted its quarterly earnings results on Wednesday, May, 10th. The company reported $1.05 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.20. The firm had revenue of $447.20 million for the quarter, compared to analyst estimates of $423.62 million. Cimarex Energy Co had a negative net margin of 7.78% and a positive return on equity of 9.03%. The business's revenue was up 85.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.40) earnings per share. View Cimarex Energy Co's Earnings History.

Cimarex Energy Co is scheduled to release their next quarterly earnings announcement on Tuesday, August, 8th 2017. View Earnings Estimates for Cimarex Energy Co.

22 analysts have issued twelve-month price targets for Cimarex Energy Co's shares. Their forecasts range from $77.00 to $169.00. On average, they expect Cimarex Energy Co's share price to reach $138.40 in the next year. View Analyst Ratings for Cimarex Energy Co.

Here are some recent quotes from research analysts about Cimarex Energy Co stock:

• 1. UBS AG analysts commented, "XEC's premium relative valuation and a back-half weighted catalyst calendar leave us waiting for a better entry on the stock. While we are big fans of the new growth strategy & see upside to 2018 Street production based on drawdown of the YE17 DUC backlog, we'd first like to see XEC deliver a few quarters of Permian oil growth, ramp up the rig count (given the steep growth this year) and provide some details on 2018 capital allocation to become more constructive on our current estimates. XEC stands out with its enviable long inventory life of top-tier locations in the core of Delaware and Mid-Continent. The 2017 outlook marked a clear shift in strategy from preservation to growth, underscoring quality of its assets in the current oil price environment and management's commitment to pull forward the value of its inventory." (3/23/2017)
• 2. BMO Capital Markets analysts commented, "We're raising our 2017-18 estimates for Cimarex following 4Q16 results and 2017 capital budget and guidance, while our target price increases to $170. Increased activity, higher margin oil growth, and strong momentum entering 2018 are the biggest differences and translate to a 12% increase to our 2018 EBITDAX estimate. Cimarex shares now trade at a ~1.5x discount on 2018 EV/EBITDAX to its two closest Permian peers (PXD and CXO) and inline with the median of our large cap E&P coverage, despite ~1,000bp higher debt-adjusted production growth (16:1) over 2017-19." (2/21/2017)
• 3. KLR Group analysts commented, "We are upgrading XEC from Hold to Buy. We are increasing our target price $21 to $174 per share due to ~4% higher oil composition (greater oil composition in the Anadarko Woodford) and higher price realizations. Our '17 production expectation of ~1,086 Mmcfepd is slightly above the midpoint of guidance (1,060-1,100 Mmcfepd). The material increase in value and modest YTD equity depreciation imply ~30% of equity upside, thus meriting an upgrade to Buy." (2/17/2017)
• 4. According to Zacks Investment Research, "Cimarex Energy’s combination of exposure to two most coveted areas in the country - Delaware Basin and Mid-Continent/STACK - along with a strong balance sheet provides it the ability to accelerate activity in a sustained price recovery environment.  The company’s continued effort to improve well performance is also noteworthy. Going forward we believe the company presents with a windows of opportunity to rake in profits with any upswing in crude prices. However, Cimarex’s focus on only two basins exposes it to diversification risk. Due to all the pilot projects being drilled but not completed, it will see a sequential production decline in the coming quarters. Moreover, at present, the company is still exposed to a steadily falling crude price environment, interest rate risks and an uncertain macro backdrop.  As such, we see Cimarex shares performing in line with the broader market." (8/17/2016)

Some companies that are related to Cimarex Energy Co include Devon Energy Corporation (DVN), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), RSP Permian (RSPP), Newfield Exploration Company (NFX), Energen Corporation (EGN), Range Resources Corporation (RRC), Murphy Oil Corporation (MUR) and Chesapeake Energy Corporation (CHK).

Cimarex Energy Co's management team includes the folowing people:

• Thomas E. Jorden, Chairman of the Board, President, Chief Executive Officer
• Gerald Mark Burford, Chief Financial Officer, Vice President
• Joseph R. Albi Jr., Executive Vice President - Operations, Chief Operating Officer, Director
• Stephen P. Bell, Executive Vice President - Business Development
• Francis B. Barron, Senior Vice President, General Counsel
• John A. Lambuth, Senior Vice President - Exploration
• Timothy A. Ficker, Chief Accounting Officer, Vice President, Controller, Assistant Secretary
• Gary R. Abbott, Vice President - Corporate Engineering
• Krista L. Johnson, Vice President – Human Resources, Governmental Relations, and External Affairs
• Harold R. Logan Jr., Lead Independent Director

Cimarex Energy Co's stock is owned by a variety of of institutional and retail investors. Top institutional investors include RE Advisers Corp (0.24%), APG Asset Management N.V. (0.21%), Bank of Montreal Can (0.16%), National Pension Service (0.11%), Viking Fund Management LLC (0.09%) and Chevy Chase Trust Holdings Inc. (0.09%). Company insiders that own Cimarex Energy Co stock include Francis Brian Barron, G Mark Burford, Gary R Abbott, Hans Helmerich, Harold R Logan Jr, James H Shonsey, John Lambuth, Joseph R Albi, L Paul Teague, Monroe W Robertson, Richard S Dinkins, Stephen P Bell and Thomas E Jorden. View Institutional Ownership Trends for Cimarex Energy Co.

Cimarex Energy Co's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Rothschild Capital Partners LLC, US Bancorp DE, Oakbrook Investments LLC, Exxonmobil Investment Management Inc. TX, Creative Planning, Nisa Investment Advisors LLC and Liberty Capital Management Inc.. Company insiders that have sold Cimarex Energy Co stock in the last year include Francis Brian Barron, G Mark Burford, Gary R Abbott, Harold R Logan Jr, James H Shonsey, John Lambuth, Joseph R Albi, L Paul Teague, Stephen P Bell and Thomas E Jorden. View Insider Buying and Selling for Cimarex Energy Co.

Cimarex Energy Co's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, NN Investment Partners Holdings N.V., Mn Services Vermogensbeheer B.V., Tealwood Asset Management Inc., Viking Fund Management LLC, National Pension Service, Value Holdings Management CO. LLC and Fox Run Management L.L.C.. View Insider Buying and Selling for Cimarex Energy Co.

Shares of Cimarex Energy Co can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cimarex Energy Co stock can currently be purchased for approximately $95.03.