XEC - Cimarex Energy Co.

NYSE - NYSE Delayed Price. Currency in USD
+0.16 (+0.31%)
At close: 4:02PM EST
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Previous Close51.12
Bid51.46 x 800
Ask51.39 x 1100
Day's Range50.89 - 51.79
52 Week Range37.19 - 77.10
Avg. Volume1,803,535
Market Cap5.221B
Beta (5Y Monthly)1.42
PE Ratio (TTM)10.37
EPS (TTM)4.94
Earnings DateFeb 17, 2020 - Feb 23, 2020
Forward Dividend & Yield0.80 (1.56%)
Ex-Dividend DateFeb 11, 2020
1y Target Est64.82
  • Oil & Gas US E&P Outlook: Bullish Signals Abound

    Oil & Gas US E&P Outlook: Bullish Signals Abound

    Oil & Gas US E&P; Outlook: Bullish Signals Abound

  • PR Newswire

    Cimarex Announces Retirement of Joseph R. Albi, Executive Vice President, Chief Operating Officer and Director

    Cimarex Energy Co. (NYSE: XEC) today announced that its Executive Vice President and Chief Operating Officer (COO), Joe Albi, has informed management and the Cimarex Board of Directors of his retirement as an officer and director of the company effective July 1, 2020. Mr. Albi has been with Cimarex since its formation in 2002, having joined Key Production Company at its outset in 1994. Key was transformed into Cimarex through a merger with Helmerich & Payne's exploration and production business in 2002. Mr. Albi rose through the ranks and was ultimately named Executive Vice President and COO as well as elected to the Board of Directors in September 2011. He is a graduate of the Colorado School of Mines with a B.S. in Petroleum Engineering and M.S. in Mineral Economics.

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  • American City Business Journals

    Year in Review: Big shifts for Colorado oil, aerospace, utilities and gold

    The oil industry’s recent boom ended in 2019 as the price of domestic crude declined. Efficiency replaced growth as the leading priority for most companies, and for some that meant cutting jobs. Denver-based natural gas processing and pipeline giant DCP Midstream began shaving upward of 400 jobs from its payroll in 2019 in an 18-month push to become more efficient and automate its operations.

  • Cimarex Energy Co (XEC) vs. Top 20 Hedge Fund Stocks in 2019
    Insider Monkey

    Cimarex Energy Co (XEC) vs. Top 20 Hedge Fund Stocks in 2019

    Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]

  • PR Newswire

    Cimarex Energy Approves Dividend on Preferred Stock

    Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on January 15, 2020, to holders of record at the close of business on January 1, 2020, and is for the period beginning on October 16, 2019 and ending on January 15, 2020.

  • PR Newswire

    Cimarex Energy Declares Quarterly Cash Dividend

    Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.20 per share. The dividend is payable on February 28, 2020, to stockholders of record on February 14, 2020.

  • Cimarex (XEC) Down 1.7% Since Last Earnings Report: Can It Rebound?

    Cimarex (XEC) Down 1.7% Since Last Earnings Report: Can It Rebound?

    Cimarex (XEC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Cimarex Energy Co (XEC): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Cimarex Energy Co (XEC): Are Hedge Funds Right About This Stock?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • 3 “Strong Buy” Stocks That Are Heavily Discounted

    3 “Strong Buy” Stocks That Are Heavily Discounted

    Buy low, and sell high. That’s old wisdom, but it’s stayed with us through the ages because it’s a sure way to grow your money. In the stock market, of course, buying low is the easy part. There are plenty stocks out there priced at a discount – sometimes by the company’s design, sometimes by the vagaries of economic life. In either case, the real trick to investing is finding the discounted stocks that are primed for strong growth – those are the ones that will bring in profitable returns.We’ve used TipRanks’ Stock Screener to sort through more than 6,300 publicly traded companies, and picked a profile for mid-cap stocks primed to gain: a high upside and Strong Buy consensus rating, but combined with recent losses that have left each of them trading well below peak price. Let’s dive in.Cimarex Energy Company (XEC)Starting in the energy sector, Cimarex is a hydrocarbon exploration company based out of Denver, Colorado. The company engages in oil and gas exploration and drilling in Oklahoma, Texas, and New Mexico. Cimarex controls over 591 million barrels oil equivalent, of which 45% is natural gas and the rest is split between natural gas liquid and petroleum. Last year, Cimarex average production stood at 222,000 barrels of oil equivalent per day.Oil and gas bring in serious money, and even a small industry player like Cimarex sees nearly $2 billion in annual revenue and $490 million in net profits. In the Q3 earnings report released earlier this month, with EPS, at 91 cents, missing the forecasts, while the revenues of $582 million beating the estimates by 2%. Overall, XEC posted both EPS and revenue year-over-year declines.The main driver of the decline was the current low-price regime in oil and gas markets. Production was actually up, and benefitting from increases in operational efficiency. XEC reported a 68.5 thousand barrel per day increase in total production, and a $3.34 per barrel of oil equivalent drop in production expenses. Prices, however, fell more and faster than production and efficiencies posts gains, with realized prices down 52% in natural gas and 10% in crude oil.The drops in realized prices, EPS, and revenues this year have pushed XEC shares down by nearly 45% year-to-date. This opens buying opportunities, however, as far as Wall Street’s analysts are concerned.Writing from UBS, Lloyd Byrne described the quarterly results as “solid,” based on the revenue beat and the efficiency gains, and expects to see it reflect in improved free cash flow next year. His $78 price target suggests an impressive 67% upside. (To watch Byrne's track record, click here)Jeanine Wai, of Barclays, also noted the efficiencies, and wrote of the company, “Once again XEC pulled forward activity during the quarter... Since we think efficiencies continue to trend well, we initially anticipated that XEC would again pull forward wells in Q4’19 providing an upward bias to production… We like the discipline and think that XEC’s anticipated 44 net wells waiting on completion at YE’19 provides good optionality for operational momentum heading into 2020 should commodity prices/costs ultimately allow for it.” Wai gives XEC an $81 price target and a 73% upside. (To watch Wai's track record, click here)All in all, TipRanks shows a large amount of bulls liking the odds on this oil stock. Out of 6 analysts polled in the last 3 months, 5 are bullish on Cimarex Energy stock, while only one playing it safe on the sidelines. Importantly, the 12-month average price target of $70.17 suggests a nearly 55% upside potential from where the stock is currently trading. (See Cimarex Energy stock analysis on TipRanks)ANGI Homeservices (ANGI)ANGI lives in the tech sector, inhabiting the information niche where it holds a portfolio of home improvement brands, and connects customers with the services they need. ANGI Homeservices is the world’s largest online marketplace for home improvement services, and connects homeowners with the service pros they need to get jobs done. The company operates in the US, Canada, and Europe.The tech company’s earnings in Q3 are down year-over-year, from 9 cents to 4 cents, although still higher than the 3-cent estimate. Revenues, however, were up 17.8% to $357.36 million. It was the only time in the last four quarters that ANGI has beaten revenue estimates. In addition to falling revenues, ANGI has also deeply underperformed the broader market; with a 58% year-to-date loss compared to the S&P’s 24% gain.However, top analysts see ANGI set up to start gaining as 2020 progresses.Writing from Deutsche Bank, Kunal Madhukar says, “While the story remains in a "show me" mode, expectations have come down significantly in the past six months, which sets up well for a turnaround in 2020.” His $11 target implies about 50% upside to the stock. (To watch Madhukar's track record, click here)5-star analyst Daniel Salmon, of BMO Capital, is even more bullish, putting a $13 price target and 77% potential on ANGI shares. In his comments on the stock, Salmon concludes, “We think the “hybrid” approach of a third-party marketplace combined with a managed service marketplace is an improved strategy for a space as dynamic as home services.”ANGI has received 6 ratings in the last two months for its Strong Buy consensus. The four most recent, all in the last two weeks, are Buys. The stock’s $12.25 average price target implies an upside of nearly 65% from the share price of $7.38. (See ANGI stock analysis on TipRanks)Farfetch (FTCH)This online clothing retailer, based in London, boasts offices in Portugal and Brazil, New York, LA, Tokyo, and Shanghai. The company has won industry awards for excellence in advertising and marketing, use of tech, and fashion design. With a market cap of $2.8 billion, FTCH is the smallest of the companies on this list.Back in August, FTCH shares took a sudden drop, losing 52% of their value after the company spent $675 million to acquire New Guards. The purchase brought with it a new label for Farfetch to market, but the price was a significant portion of its total market cap.Farfetch shares have still not recovered their pre-acquisition value. Last week’s Q3 report, however, helped, as the EPS loss of 28 cents was far less severe than the 37 cents expected. Revenues also scored a modest beat, coming in at $255.48 million compared to the forecast of $255.40 million. That was 89% year-over-year gain for revenues. The strong quarterly report boosted the stock by 29% on its release, although FTCH shares are still down 56% for 2019.The gains, especially the high YoY revenue gain, suggest that FTCH maybe turning a corner on profitability. Deutsche Bank’s 5-star analyst Lloyd Walmsley agrees, writing in his recent note on the stock, “We like Farfetch shares over the longer term and see the New [Guards] acquisition as a good strategic fit, despite the increasing complexity of the model and slightly disappointing growth slowdown from 1H to 3Q... We feel comfortable the company can continue to grow at elevated growth rates and move closer towards profitability.” Walmsley’s $14 price target puts a 51% upside to the stock. (To watch Walmsley's track record, click here)Weighing in from Cowen, John Blackledge wrote just before the Q3 report was released, and he too saw potential from the New Guards deal. In addition, Blackledge specifically pointed out that FTCH’s low price point represents a purchase opportunity, as it takes into account the stock’s most likely deadweights: “With shares down ~57% since the 2Q print, we believe much of the downside risk around discounting and strategic direction are likely priced in.” Blackledge sees FTCH hitting $16 in the next twelve months, suggesting a powerful 72% upside potential.FTCH shares base their Strong Buy consensus rating on 7 Buys and 1 Sell given in recent weeks. This stocks’ $15.29 average price target implies an upside of 65% from the $9.26 current share price. (See Farfetch stock analysis on TipRanks)

  • GuruFocus.com

    US Stocks Up on Stable Interest Rates Wednesday

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  • Thomson Reuters StreetEvents

    Edited Transcript of XEC earnings conference call or presentation 5-Nov-19 4:00pm GMT

    Q3 2019 Cimarex Energy Co Earnings Call

  • Investopedia

    Top Energy Stocks for November 2019

    The energy sector consists of stocks related to the production and supply of energy around the world. Among energy sector companies are upstream firms—those involved in the exploration and production of oil or gas reserves—like EOG Resources (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier (HFC).

  • Is Cimarex Energy Co.'s (NYSE:XEC) 12% ROE Better Than Average?
    Simply Wall St.

    Is Cimarex Energy Co.'s (NYSE:XEC) 12% ROE Better Than Average?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Cimarex (XEC) Q3 Earnings Miss on Lower Commodity Prices

    Cimarex (XEC) Q3 Earnings Miss on Lower Commodity Prices

    Cimarex Energy's (XEC) third-quarter results are affected by lower oil and gas prices, partially offset by higher production volumes.

  • Cimarex Energy (XEC) Lags Q3 Earnings Estimates

    Cimarex Energy (XEC) Lags Q3 Earnings Estimates

    Cimarex (XEC) delivered earnings and revenue surprises of -2.15% and 2.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

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  • PR Newswire

    Cimarex Reports Third Quarter 2019 Results

    DENVER , Nov. 4, 2019 /PRNewswire/ -- Oil production averaged 89.7 MBbls/d; up 8% sequentially 2019 Exploration & Development capital guidance range lowered to $1.3 - 1.4 billion Reduced per unit production ...

  • Why Earnings Season Could Be Great for Cimarex Energy (XEC)

    Why Earnings Season Could Be Great for Cimarex Energy (XEC)

    Cimarex Energy (XEC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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    Is a Beat Likely for Marathon Oil (MRO) in Q3 Earnings?

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  • Cimarex Energy (XEC) to Post Q3 Earnings: A Beat in Store?

    Cimarex Energy (XEC) to Post Q3 Earnings: A Beat in Store?

    A rise in total production on the back of Permian activities is likely to reflect on Cimarex Energy's (XEC) third-quarter 2019 results.

  • Crescent Point (CPG) to Report Q3 Earnings: What to Expect?

    Crescent Point (CPG) to Report Q3 Earnings: What to Expect?

    Improving cost structure is likely to have boosted Crescent Point Energy (CPG) in Q3. However, lower production and realized commodity prices are expected to have hurt its bottom line.

  • Cimarex Energy (XEC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Cimarex Energy (XEC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Cimarex (XEC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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  • Moody's

    Cimarex Energy Co. -- Moody's announces completion of a periodic review of ratings of Cimarex Energy Co.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cimarex Energy Co. New York, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cimarex Energy Co. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.