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, September 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.08 per share on Friday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, November 14th. View Cimarex Energy Co's Dividend History.

Cimarex Energy Co (NYSE:XEC) released its quarterly earnings data on Tuesday, August, 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy Co had a return on equity of 13.29% and a net margin of 15.64%. The company's quarterly revenue was up 52.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. View Cimarex Energy Co's Earnings History.

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

24 equities research analysts have issued 1-year target prices for Cimarex Energy Co's shares. Their forecasts range from $77.00 to $169.00. On average, they expect Cimarex Energy Co's stock price to reach $134.20 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. 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)

Cimarex Energy Co saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,284,068 shares, an increase of 59.4% from the July 31st total of 1,433,315 shares. Based on an average trading volume of 1,425,840 shares, the short-interest ratio is currently 1.6 days. Approximately 2.4% of the shares of the stock are short sold.

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

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.60%), BlackRock Inc. (8.04%), State Street Corp (5.84%), FMR LLC (4.52%), Diamond Hill Capital Management Inc. (4.35%) and State Farm Mutual Automobile Insurance Co. (2.72%). 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 Capital World Investors, Artisan Partners Limited Partnership, Capital Research Global Investors, Mik Capital LLC, Schroder Investment Management Group, Royal Bank of Canada, Wells Fargo & Company MN and Bank of New York Mellon Corp. Company insiders that have sold Cimarex Energy Co stock in the last year include Francis Brian Barron, Harold R Logan Jr, 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 Principal Financial Group Inc., Janus Henderson Group PLC, Renaissance Technologies LLC, BlackRock Inc., Diamond Hill Capital Management Inc., Victory Capital Management Inc., Marshall Wace North America L.P. and Precocity Capital LP. 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 $107.25.