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 announced 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 0.28%. The ex-dividend date of this dividend is Tuesday, November 14th. View Cimarex Energy Co's Dividend History.

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

Cimarex Energy Co is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Cimarex Energy Co.

24 brokerages have issued 12-month target prices for Cimarex Energy Co's shares. Their forecasts range from $77.00 to $168.00. On average, they expect Cimarex Energy Co's share price to reach $136.60 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)

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), Marathon Oil Corporation (MRO), Encana Corporation (ECA), EQT Corporation (EQT), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Rice Energy (RICE), Antero Resources Corporation (AR), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen Corporation (EGN) 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

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 $116.32.