Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cimarex Energy (XEC) Share Price

News coverage about Cimarex Energy (NYSE:XEC) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 0.24 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 46.5377264819304 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

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

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Shares of NYSE:XEC traded up $0.75 during midday trading on Friday, reaching $93.50. 1,823,675 shares of the company’s stock traded hands, compared to its average volume of 1,268,140. The company has a market cap of $8,923.45, a P/E ratio of 20.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.30. Cimarex Energy has a one year low of $89.49 and a one year high of $130.16.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. The firm had revenue of $550.90 million for the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The company’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. sell-side analysts anticipate that Cimarex Energy will post 7.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.16 per share. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.08. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, May 14th. Cimarex Energy’s dividend payout ratio is presently 6.88%.

Several equities research analysts recently weighed in on XEC shares. Seaport Global Securities raised Cimarex Energy from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. Stifel Nicolaus set a $188.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group set a $152.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. KeyCorp set a $140.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research note on Sunday, January 21st. Finally, Cowen set a $165.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $136.32.

In other news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Harold R. Logan, Jr. sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $97.82, for a total value of $185,858.00. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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About Cimarex Energy

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.

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