Cimarex Energy (XEC) Getting Somewhat Positive Media Coverage, Study Finds

News stories about Cimarex Energy (NYSE:XEC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cimarex Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.9739991225229 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Cimarex Energy (NYSE:XEC) traded down $0.80 during trading hours on Friday, reaching $92.89. The company had a trading volume of 1,348,649 shares, compared to its average volume of 1,410,000. The firm has a market capitalization of $8,850.00, a price-to-earnings ratio of 20.46 and a beta of 1.24. Cimarex Energy has a 1 year low of $89.49 and a 1 year high of $130.16. The company has a current ratio of 1.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Cimarex Energy (NYSE:XEC) last released its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.07. The firm had revenue of $550.90 million for the quarter, compared to analyst estimates of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. Cimarex Energy’s revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. equities analysts anticipate that Cimarex Energy will post 7.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, March 15th will be issued a dividend of $0.16 per share. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.08. This represents a $0.64 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, May 14th. Cimarex Energy’s payout ratio is presently 7.05%.

Several equities analysts recently issued reports on XEC shares. Piper Jaffray Companies restated a “hold” rating and set a $138.00 price objective on shares of Cimarex Energy in a research note on Tuesday, January 9th. Credit Suisse Group began coverage on Cimarex Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $140.00 target price on the stock. Morgan Stanley cut their target price on Cimarex Energy from $168.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Williams Capital set a $154.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Seaport Global Securities upgraded Cimarex Energy from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $138.10.

In related news, Director Harold R. Logan, Jr. sold 1,900 shares of Cimarex Energy stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total transaction of $185,858.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total value of $307,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,629 shares of company stock worth $1,985,861. 1.70% of the stock is owned by corporate insiders.

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Cimarex Energy Company Profile

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.

Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

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