Friday, September 18, 2020

Cimarex Energy Co. [XEC] fell -53.78% so far this year. What now?

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Cimarex Energy Co. [NYSE: XEC] jumped around 0.25 points on Friday, while shares priced at $24.26 at the close of the session, up 1.04%. The company report on August 5, 2020 that Cimarex Reports Second Quarter 2020 Results.

Cimarex Energy Co. (NYSE: XEC) today reported a second quarter 2020 net loss of $925.1 million , or $9.28 per share, compared to net income of $109.3 million , or $1.07 per share, in the same period a year ago. Second quarter results were negatively impacted by non-cash charges related to the impairment of oil and gas properties. Second quarter adjusted net income (non-GAAP) was $(52.4) million , or $(0.51) per share, compared to second quarter 2019 adjusted net income (non-GAAP) of $83.0 million , or $0.82 per share 1 . Net cash provided by operating activities was $144.7 million in the second quarter of 2020 compared to $414.0 million in the same period a year ago. Adjusted cash flow from operations (non-GAAP) was $144.5 million in the second quarter of 2020 compared to $336.4 million in the second quarter a year ago 1 . .

Cimarex Energy Co. stock is now -53.78% down from its year-to-date (YTD) trading value. XEC Stock saw the intraday high of $24.47 and lowest of $23.715 per share. The company’s 52-week high price is 55.29, which means current price is +99.67% above from all time high which was touched on 01/08/20.

Compared to the average trading volume of 1.51M shares, XEC reached a trading volume of 1289859 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Cimarex Energy Co. [XEC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XEC shares is $40.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XEC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Cimarex Energy Co. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 13, 2020. The new note on the price target was released on August 10, 2020, representing the official price target for Cimarex Energy Co. stock. Previously, the target price had yet another raise to $38, while Seaport Global Securities analysts kept a Buy rating on XEC stock.

The Average True Range (ATR) for Cimarex Energy Co. is set at 1.40, with the Price to Sales ratio for XEC stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for XEC in the course of the last twelve months was 2.52 with Quick ratio for the last quarter at 0.70.

How has XEC stock performed recently?

Cimarex Energy Co. [XEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.84. With this latest performance, XEC shares dropped by -16.95% in over the last four-week period, additionally plugging by 34.03% over the last 6 months – not to mention a drop of -45.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XEC stock in for the last two-week period is set at 36.83, with the RSI for the last a single of trading hit 32.00, and the three-weeks RSI is set at 41.02 for Cimarex Energy Co. [XEC]. The present Moving Average for the last 50 days of trading for this stock 26.73, while it was recorded at 25.29 for the last single week of trading, and 31.64 for the last 200 days.

Cimarex Energy Co. [XEC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cimarex Energy Co. [XEC] shares currently have an operating margin of +25.37 and a Gross Margin at +36.85. Cimarex Energy Co.’s Net Margin is presently recorded at -5.34.

Return on Total Capital for XEC is now 11.17, given the latest momentum, and Return on Invested Capital for the company is -2.37. Return on Equity for this stock declined to -3.61, with Return on Assets sitting at -1.91. When it comes to the capital structure of this company, Cimarex Energy Co. [XEC] has a Total Debt to Total Equity ratio set at 61.83. Additionally, XEC Total Debt to Total Capital is recorded at 38.21, with Total Debt to Total Assets ending up at 31.67. Long-Term Debt to Equity for the company is recorded at 61.19, with the Long-Term Debt to Total Capital now at 36.97.

Reflecting on the efficiency of the workforce at the company, Cimarex Energy Co. [XEC] managed to generate an average of -$127,799 per employee. Receivables Turnover for the company is 5.23 with a Total Asset Turnover recorded at a value of 0.36.Cimarex Energy Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Earnings analysis for Cimarex Energy Co. [XEC]

With the latest financial reports released by the company, Cimarex Energy Co. posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 0.95/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cimarex Energy Co. go to 3.20%.

Insider trade positions for Cimarex Energy Co. [XEC]

There are presently around $2,295 million, or 95.00% of XEC stock, in the hands of institutional investors. The top three institutional holders of XEC stocks are: VANGUARD GROUP INC with ownership of 10,016,672, which is approximately 1.766% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 9,075,783 shares of the stock with an approximate value of $220.18 million in XEC stocks shares; and STATE STREET CORP, currently with $132.31 million in XEC stock with ownership of nearly 14.505% of the company’s market capitalization.

Positions in Cimarex Energy Co. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 177 institutional holders increased their position in Cimarex Energy Co. [NYSE:XEC] by around 13,873,732 shares. Additionally, 180 investors decreased positions by around 18,453,667 shares, while 34 investors held positions by with 62,261,970 shares. The mentioned changes placed institutional holdings at 94,589,369 shares, according to the latest SEC report filing. XEC stock had 59 new institutional investments in for a total of 1,881,069 shares, while 61 institutional investors sold positions of 5,385,056 shares during the same period.

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