Cimarex Energy Co. (NYSE:XEC) shares fell to a low of $71.49 before closing at $71.55. Intraday shares traded counted 1.52 million, which was -10.86% lower than its 30-day average trading volume of 1.37M. XEC’s previous close was $71.98 while the outstanding shares total 100.13M. The firm has a beta of 2.58. The stock’s Relative Strength Index (RSI) is 57.76, with weekly volatility at 3.08% and ATR at 2.88. The XEC stock’s 52-week price range has touched low of $22.39 and a $74.92 high. The stock traded lower over the last trading session, losing -0.60% on 06/11/21.
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Investors have identified the Oil & Gas E&P company Cimarex Energy Co. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.40 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cimarex Energy Co. (XEC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 988.09 million total, with 886.01 million as their total liabilities.
XEC were able to record 269.06 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 250.65 million. In cash movements, the company had a total of 402.91 million as operating cash flow.
Potential earnings growth for Cimarex Energy Co. (XEC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Cimarex Energy Co. recorded a total of 679.47 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 30.41% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 36.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 499.84 million trying to sell their products during the last quarter, with the result yielding a gross income of 179.63 million. This allows shareholders to hold on to 100.13M with the recently reported earning now reading 1.25 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (1.98 cents a share).
Having a look at the company’s valuation, the company is expected to record 8.28 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on XEC sounds very interesting.
Is the stock of XEC attractive?
In related news, Former Executive VP, COO, ALBI JOSEPH R sold 7,500 shares of the company’s stock in a transaction that recorded on Mar 15. The sale was performed at an average price of 65.00, for a total value of 487,500. As the sale deal closes, the SVP & Chief Financial Officer, Burford G Mark now sold 5,000 shares of the company’s stock, valued at 335,673. Also, VP-Operations, SIRGO BLAKE A sold 3,500 shares of the company’s stock in a deal that was recorded on Mar 05. The shares were price at an average price of 65.00 per share, with a total market value of 227,500. Following this completion of acquisition, the Ex VP, BELL STEPHEN P now holds 6,451 shares of the company’s stock, valued at 426,366. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
13 out of 25 analysts covering the stock have rated it a Buy, while 11 have maintained a Hold recommendation on Cimarex Energy Co.. 0 analysts has assigned a Sell rating on the XEC stock. The 12-month mean consensus price target for the company’s shares has been set at $82.84.
