Cimarex Energy Co Announces Quarterly Dividend of $0.16 (XEC)
Cimarex Energy (NYSE:XEC) announced a quarterly dividend on Monday, May 19th, AnalystRatings.Net reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.16 per share on Tuesday, September 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.52%.
XEC has been the subject of a number of recent research reports. Analysts at Brean Capital initiated coverage on shares of Cimarex Energy in a research note on Tuesday, May 13th. They set a “hold” rating on the stock. On the ratings front, analysts at KLR Group raised their price target on shares of Cimarex Energy from $13.00 to $133.00 in a research note on Monday, May 12th. Finally, analysts at Barclays raised their price target on shares of Cimarex Energy from $123.00 to $143.00 in a research note on Thursday, May 8th. They now have an “overweight” rating on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $127.16.
Cimarex Energy (NYSE:XEC) opened at 123.93 on Monday. Cimarex Energy has a one year low of $62.98 and a one year high of $139.90. The stock has a 50-day moving average of $120.4 and a 200-day moving average of $108.3. The company has a market cap of $10.786 billion and a price-to-earnings ratio of 17.80.
Cimarex Energy (NYSE:XEC) last announced its earnings results on Wednesday, May 7th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.15. The company had revenue of $599.20 million for the quarter, compared to the consensus estimate of $542.04 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 40.5% on a year-over-year basis. Analysts expect that Cimarex Energy will post $6.62 EPS for the current fiscal year.
Cimarex Energy Co is an oil and gas exploration and production company. Its operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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