Long-Term Investors Should Consider Buying the Dips in Cimarex Energy Co. [XEC] Stock

In a recent bid Cimarex Energy Co. [XEC] faced a contemporary bid of $38.41 yielding a 2.13% incline where 2.13 million shares have exchanged hands over the last week. XEC amount got a boost by 3.34% or $1.24 versus $37.17 at the end of the prior session. This change led market cap to move at 3.79B, putting the price 216.13% below the 52-week high and -30.53% above the 52-week low. The company’s stock has a normal trading capacity of 2.13 million shares while the relative volume is 1.36.

On 4, December 2020, /C O R R E C T I O N — Cimarex Energy Co./. According to news published on Yahoo Finance, In the news release, Cimarex Energy Declares Quarterly Cash Dividend, issued 04-Dec-2020 by Cimarex Energy Co. over PR Newswire, we are advised by the company that the first paragraph, second sentence, should read “The dividend is payable on March 1, 2021, to stockholders of record on February 16, 2021.” rather than “The dividend is payable on May 1, 2021, to stockholders of record on February 16, 2021.” as originally issued inadvertently. The complete, corrected release follows:.

Analyst Birdseye View:

The most recent analyst activity for Cimarex Energy Co. [NYSE:XEC] stock was on October 13, 2020, when it was Upgrade with a Buy rating from Truist, which also raised its 12-month price target on the stock to $40. On September 28, 2020, BofA Securities Upgrade a Buy rating and boosted its price target on this stock to $38. On September 14, 2020, Wells Fargo Upgrade an Overweight rating and increased its price target from $35 to $38. On August 13, 2020, Piper Sandler Upgrade an Overweight rating and increased its price target to $43. On August 10, 2020, Susquehanna Upgrade a Positive rating. On July 27, 2020, Seaport Global Securities Initiated a Buy rating and boosted its target amount on this stock to $38. BofA/Merrill elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $12.15 and a peak of $55.29. Right now, the middling Wall Street analyst 12-month amount mark is $40.00. At the most recent market close, shares of Cimarex Energy Co. [NYSE:XEC] were valued at $38.41. According to the average price forecast, investors can expect a potential return of -4.5%.

FUNDAMENTAL ANALYSIS

Cimarex Energy Co. [NYSE:XEC] most recently reported quarterly sales of 401.66 billion, which represented growth of -31.00%. This publicly-traded organization’s revenue is $2,394,092 per employee, while its income is -$127,799 per employee. This company’s Gross Margin is currently 80.30%, its Pretax Margin is -6.39, and its Net Margin is -5.34. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.91, -3.61, 11.17 and -2.37 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 38.21 and the whole liability to whole assets at 31.67. It shows enduring liability to the whole principal at 36.97 and enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 37.81 points at 1st support level, the second support level is making up to 37.20. But as of 1st resistance point, this stock is sitting at 39.02 and at 39.63 for 2nd resistance point.

Cimarex Energy Co. [XEC] reported its earnings at $0.51 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.26/share signifying the difference of 0.25 and 96.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.51 calling estimates for -$0.48/share with the difference of -0.03 depicting the surprise of -6.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cimarex Energy Co. [NYSE:XEC] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.12. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.19 and it’s amount to book ratio is 1.50.

Insider Stories

The most recent insider trade was by ALBI JOSEPH R, Former Executive VP, COO, and it was the sale of 10000.0 shares on Nov 09. BELL STEPHEN P, the Ex VP, completed a sale of 12500.0 shares on Aug 26. On Mar 13, JORDEN THOMAS E, CEO and President, completed a purchase of 10971.0 shares.