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. Shareholders 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 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend 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 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.20. The company earned $447.20 million during the quarter, compared to analyst estimates of $423.62 million. Cimarex Energy Co had a positive return on equity of 9.03% and a negative net margin of 7.78%. Cimarex Energy Co's revenue was up 85.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) EPS. View Cimarex Energy Co's Earnings History.

Cimarex Energy Co is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Cimarex Energy Co.

23 brokerages have issued 1 year price targets for Cimarex Energy Co's shares. Their forecasts range from $77.00 to $170.00. On average, they expect Cimarex Energy Co's stock price to reach $141.67 in the next twelve months. View Analyst Ratings for Cimarex Energy Co.

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

• 1. 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)
• 2. 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)
• 3. 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 Co. (COG), Marathon Oil Corporation (MRO), Diamondback Energy (FANG), Encana Corporation (ECA), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Newfield Exploration Company (NFX), Range Resources Corporation (RRC), Rice Energy (RICE), RSP Permian (RSPP), Energen Corporation (EGN), Murphy Oil Corporation (MUR), Chesapeake Energy Corporation (CHK) and Vermilion Energy (VET).

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 number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.53%), BlackRock Inc. (7.65%), State Street Corp (5.57%), FMR LLC (4.46%), Diamond Hill Capital Management Inc. (4.02%) and Wellington Management Group LLP (2.73%). 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 FMR LLC, Waddell & Reed Financial Inc., Wells Fargo & Company MN, Wellington Management Group LLP, Marshall Wace LLP, Point72 Asset Management L.P., APG Asset Management N.V. and Neuberger Berman Group LLC. 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Lazard Asset Management LLC, Boston Partners, Diamond Hill Capital Management Inc., Bank of America Corp DE, State Street Corp, Marshall Wace North America L.P. and Vanguard Group Inc.. 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 $91.33.