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Cimarex Energy

DB:ENY
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENY
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. The last earnings update was 15 days ago. More info.


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ENY Share Price and Events
7 Day Returns
-5.7%
DB:ENY
-0.2%
DE Oil and Gas
-2.3%
DE Market
1 Year Returns
-26.8%
DB:ENY
12.2%
DE Oil and Gas
-11.5%
DE Market
ENY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cimarex Energy (ENY) -5.7% -8.3% -11.5% -26.8% -44.9% -39.3%
DE Oil and Gas -0.2% 6.8% 10.2% 12.2% 14.9% 66.9%
DE Market -2.3% -5.2% 0.8% -11.5% 5.6% 6.4%
1 Year Return vs Industry and Market
  • ENY underperformed the Oil and Gas industry which returned 12.2% over the past year.
  • ENY underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
ENY
Industry
5yr Volatility vs Market

Value

 Is Cimarex Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cimarex Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cimarex Energy.

DB:ENY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ENY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 21%) (35.47%))
1.105
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.105 * 5.96%)
6.81%

Discounted Cash Flow Calculation for DB:ENY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cimarex Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ENY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.81%)
2019 184.14 Analyst x9 172.40
2020 418.77 Analyst x6 367.06
2021 619.08 Analyst x4 508.04
2022 489.00 Analyst x1 375.71
2023 408.92 Est @ -16.38% 294.14
2024 362.32 Est @ -11.4% 244.01
2025 333.67 Est @ -7.91% 210.38
2026 315.42 Est @ -5.47% 186.20
2027 303.57 Est @ -3.76% 167.77
2028 295.79 Est @ -2.56% 153.05
Present value of next 10 years cash flows $2,678.75
DB:ENY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $295.79 × (1 + 0.23%) ÷ (6.81% – 0.23%)
$4,503.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,503.55 ÷ (1 + 6.81%)10
$2,330.25
DB:ENY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,678.75 + $2,330.25
$5,009.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,009.00 / 99.65
$50.27
DB:ENY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ENY represents 0.90312x of NYSE:XEC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90312x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 50.27 x 0.90312
€45.40
Value per share (EUR) From above. €45.40
Current discount Discount to share price of €57.80
= -1 x (€57.80 - €45.40) / €45.40
-27.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cimarex Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cimarex Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cimarex Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ENY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.59
NYSE:XEC Share Price ** NYSE (2019-05-24) in USD $64
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.44x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cimarex Energy.

DB:ENY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:XEC Share Price ÷ EPS (both in USD)

= 64 ÷ 6.59

9.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cimarex Energy is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Cimarex Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Cimarex Energy's expected growth come at a high price?
Raw Data
DB:ENY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
14.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:ENY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.71x ÷ 14.2%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cimarex Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cimarex Energy's assets?
Raw Data
DB:ENY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $37.76
NYSE:XEC Share Price * NYSE (2019-05-24) in USD $64
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.07x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.75x
DB:ENY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:XEC Share Price ÷ Book Value per Share (both in USD)

= 64 ÷ 37.76

1.7x

* Primary Listing of Cimarex Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cimarex Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Cimarex Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Cimarex Energy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cimarex Energy expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cimarex Energy expected to grow at an attractive rate?
  • Cimarex Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Cimarex Energy's earnings growth is expected to exceed the Germany market average.
  • Cimarex Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ENY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ENY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 14.2%
DB:ENY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 7.3%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.5%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ENY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ENY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,457 2,240 979 2
2022-12-31 3,211 2,134 895 2
2021-12-31 3,118 2,142 924 8
2020-12-31 3,094 2,055 928 13
2019-12-31 2,627 1,630 570 14
DB:ENY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,349 1,418 622
2018-12-31 2,339 1,551 781
2018-09-30 2,266 1,499 641
2018-06-30 2,138 1,296 584
2018-03-31 2,038 1,230 541
2017-12-31 1,918 1,097 486
2017-09-30 1,749 941 362
2017-06-30 1,622 913 261
2017-03-31 1,464 790 -49
2016-12-31 1,257 626 -409
2016-09-30 1,186 556 -1,258
2016-06-30 1,207 539 -2,010

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cimarex Energy's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Cimarex Energy's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ENY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Cimarex Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 9.65 11.30 8.00 2.00
2022-12-31 8.83 9.96 7.69 2.00
2021-12-31 9.11 10.71 7.35 6.00
2020-12-31 9.20 16.20 6.49 13.00
2019-12-31 6.02 7.76 4.72 9.00
DB:ENY Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.59
2018-12-31 8.32
2018-09-30 6.84
2018-06-30 6.24
2018-03-31 5.78
2017-12-31 5.20
2017-09-30 3.87
2017-06-30 2.80
2017-03-31 -0.52
2016-12-31 -4.38
2016-09-30 -13.50
2016-06-30 -21.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cimarex Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cimarex Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cimarex Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cimarex Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cimarex Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cimarex Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Cimarex Energy's 1-year earnings growth is less than its 5-year average (15% vs 21.5%)
  • Cimarex Energy's earnings growth has not exceeded the Europe Oil and Gas industry average in the past year (15% vs 41.6%).
Earnings and Revenue History
Cimarex Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cimarex Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,348.84 621.71 119.49
2018-12-31 2,339.02 780.76 103.75
2018-09-30 2,265.84 640.67 108.27
2018-06-30 2,138.03 584.20 108.76
2018-03-31 2,038.21 540.71 111.98
2017-12-31 1,918.25 485.78 106.25
2017-09-30 1,749.46 361.94 102.66
2017-06-30 1,621.50 261.45 100.46
2017-03-31 1,463.92 -48.63 103.32
2016-12-31 1,257.35 -408.80 98.42
2016-09-30 1,186.47 -1,257.75 103.18
2016-06-30 1,206.81 -2,010.36 102.45
2016-03-31 1,332.22 -2,396.12 92.58
2015-12-31 1,452.62 -2,579.60 94.25
2015-09-30 1,679.89 -1,705.35 93.05
2015-06-30 1,973.58 -800.49 91.74
2015-03-31 2,185.96 -53.81 92.82
2014-12-31 2,424.18 516.17 96.16
2014-09-30 2,402.23 625.99 92.27
2014-06-30 2,313.82 620.28 90.78
2014-03-31 2,170.91 601.23 97.00
2013-12-31 1,998.05 553.60 91.75
2013-09-30 1,922.32 449.14 85.18
2013-06-30 1,767.89 396.20 85.87
2013-03-31 1,627.26 331.56 76.85
2012-12-31 1,623.94 347.07 76.35
2012-09-30 1,613.34 363.95 74.55
2012-06-30 1,640.24 406.15 65.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cimarex Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cimarex Energy used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Cimarex Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cimarex Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cimarex Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cimarex Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cimarex Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cimarex Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cimarex Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cimarex Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cimarex Energy Company Filings, last reported 1 month ago.

DB:ENY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,842.98 2,262.34 20.93
2018-12-31 3,329.79 1,488.55 800.67
2018-09-30 3,025.82 1,488.15 863.95
2018-06-30 2,886.50 1,487.74 410.82
2018-03-31 2,751.59 1,487.33 463.81
2017-12-31 2,568.28 1,486.92 400.53
2017-09-30 2,402.06 1,486.51 422.81
2017-06-30 2,311.76 1,486.10 519.60
2017-03-31 2,210.95 1,488.50 578.91
2016-12-31 2,042.99 1,487.94 652.88
2016-09-30 2,333.28 1,487.37 698.70
2016-06-30 2,346.80 1,486.80 641.74
2016-03-31 2,614.33 1,486.21 676.64
2015-12-31 2,458.36 1,485.62 779.38
2015-09-30 3,433.97 1,500.00 899.31
2015-06-30 4,196.16 1,500.00 856.88
2015-03-31 4,086.14 1,500.00 120.93
2014-12-31 4,500.63 1,483.18 405.86
2014-09-30 4,429.97 1,500.00 563.66
2014-06-30 4,286.63 1,500.00 128.56
2014-03-31 4,147.74 1,025.00 4.53
2013-12-31 4,022.21 924.00 4.53
2013-09-30 3,816.29 900.00 4.53
2013-06-30 3,679.00 892.00 4.53
2013-03-31 3,554.59 870.00 18.53
2012-12-31 3,474.74 750.00 69.54
2012-09-30 3,377.95 830.00 5.41
2012-06-30 3,291.97 750.00 96.93
  • Cimarex Energy's level of debt (58.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.8% vs 58.9% today).
  • Debt is well covered by operating cash flow (62.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
X
Financial health checks
We assess Cimarex Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cimarex Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cimarex Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.25%
Current annual income from Cimarex Energy dividends. Estimated to be 1.22% next year.
If you bought €2,000 of Cimarex Energy shares you are expected to receive €25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cimarex Energy's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Cimarex Energy's dividend is below the markets top 25% of dividend payers in Germany (3.89%).
Upcoming dividend payment

Purchase Cimarex Energy before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ENY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ENY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.80 6.00
2020-12-31 0.77 9.00
2019-12-31 0.78 9.00
DB:ENY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.800 1.152
2018-08-30 0.720 0.909
2018-05-11 0.640 0.691
2018-05-08 0.640 0.650
2017-12-08 0.320 0.307
2017-09-01 0.320 0.282
2017-05-12 0.320 0.323
2017-02-24 0.320 0.267
2016-12-09 0.320 0.235
2016-08-31 0.320 0.243
2016-05-13 0.320 0.266
2016-02-23 0.320 0.322
2015-12-10 0.640 0.737
2015-09-11 0.640 0.567
2015-05-15 0.640 0.579
2015-02-25 0.640 0.549
2014-12-12 0.640 0.606
2014-09-12 0.640 0.558
2014-05-19 0.640 0.464
2014-02-26 0.640 0.543
2013-12-13 0.560 0.547
2013-09-13 0.560 0.564
2013-05-16 0.560 0.746
2013-02-26 0.560 0.783
2012-12-13 0.480 0.770
2012-09-14 0.480 0.798
2012-05-18 0.480 0.872
2012-02-22 0.480 0.669
2011-12-14 0.400 0.631
2011-09-15 0.400 0.640
2011-05-19 0.400 0.508
2011-02-24 0.400 0.373
2010-12-09 0.320 0.331
2010-09-17 0.320 0.421
2010-05-20 0.320 0.449
2010-02-26 0.320 0.507
2009-12-10 0.240 0.448
2009-09-17 0.240 0.538

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cimarex Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (11.3x coverage).
X
Income/ dividend checks
We assess Cimarex Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cimarex Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cimarex Energy has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cimarex Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Jorden
COMPENSATION $9,727,480
AGE 61
TENURE AS CEO 7.7 years
CEO Bio

Mr. Thomas E. Jorden, also known as Tom, has been the Chief Executive Officer and President at Cimarex Energy Company since September 30, 2011. Mr. Jorden served as Executive Vice President of Exploration at Cimarex Energy Company from December 8, 2003 to 2011 and Vice President of Exploration at Cimarex Energy Company from September 30, 2002 to 2003. Mr. Jorden served as Vice President of Exploration of Key Production Company, Inc. since October 1999 until September 2002. He served as Vice President, Exploration of Cimarex Energy Company from September 30, 2002 to 2003. Prior to its merger with Cimarex, he was with Key. He served as chief geophysicist from November 1993 to September 1999, before being appointed Vice President of exploration. He joined Key Production Company, Inc. since November 1993. Prior to joining Key, Mr. Jorden was with Union Pacific Resources in Fort Worth, Texas. He has been the Chairman of Cimarex Energy Company since August 14, 2012. He has been a Director of Cimarex Energy Company since September 30, 2011.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cimarex Energy management team in years:

5.8
Average Tenure
56
Average Age
  • The average tenure for the Cimarex Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Jorden

TITLE
Chairman
COMPENSATION
$10M
AGE
61
TENURE
7.7 yrs

G. Burford

TITLE
Senior VP & CFO
COMPENSATION
$4M
AGE
50
TENURE
3.7 yrs

Joe Albi

TITLE
Executive VP of Operations
COMPENSATION
$5M
AGE
59
TENURE
7.7 yrs

Steve Bell

TITLE
Executive Vice President of Business Development
COMPENSATION
$4M
AGE
63
TENURE
6.7 yrs

John Lambuth

TITLE
Senior Vice President of Exploration
COMPENSATION
$4M
AGE
56
TENURE
3.4 yrs

Timothy Ficker

TITLE
VP, Controller
AGE
50
TENURE
2.3 yrs

Karen Acierno

TITLE
Director of Investor Relations

Francis Barron

TITLE
Senior VP
AGE
55
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Cimarex Energy board of directors in years:

7.7
Average Tenure
64.5
Average Age
  • The tenure for the Cimarex Energy board of directors is about average.
Board of Directors

Joe Albi

TITLE
Executive VP of Operations
COMPENSATION
$5M
AGE
59
TENURE
7.7 yrs

Monroe Robertson

TITLE
Independent Director
COMPENSATION
$326K
AGE
68
TENURE
13.6 yrs

Tom Jorden

TITLE
Chairman
COMPENSATION
$10M
AGE
61
TENURE
6.8 yrs

Hal Logan

TITLE
Lead Director
COMPENSATION
$346K
AGE
74

Floyd Price

TITLE
Independent Director
COMPENSATION
$324K
AGE
69
TENURE
6.4 yrs

David Hentschel

TITLE
Independent Director
COMPENSATION
$306K
AGE
84
TENURE
16.7 yrs

Michael Sullivan

TITLE
Independent Director
COMPENSATION
$306K
AGE
78
TENURE
16.7 yrs

Hans Helmerich

TITLE
Independent Director
COMPENSATION
$311K
AGE
59
TENURE
17.3 yrs

Lisa Stewart

TITLE
Independent Director
COMPENSATION
$306K
AGE
60
TENURE
3.6 yrs

Fran Vallejo

TITLE
Director
COMPENSATION
$306K
AGE
52
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • Cimarex Energy insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 19 Sell Harold Logan Individual 15. Mar 19 15. Mar 19 -990 €61.83 €-61,210
05. Mar 19 Buy Lisa Stewart Individual 05. Mar 19 05. Mar 19 130 €65.47 €8,511
17. Dec 18 Sell Michael Sullivan Individual 14. Dec 18 14. Dec 18 -1,492 €62.17 €-92,762
30. Aug 18 Buy Lisa Stewart Individual 30. Aug 18 30. Aug 18 320 €72.17 €23,094
04. Jun 18 Buy Lisa Stewart Individual 01. Jun 18 01. Jun 18 722 €77.09 €55,660
X
Management checks
We assess Cimarex Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cimarex Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions. The company also owned interests in 2,902 net productive oil and gas wells. Cimarex Energy Co. was founded in 2002 and is headquartered in Denver, Colorado.

Details
Name: Cimarex Energy Co.
ENY
Exchange: DB
Founded: 2002
$5,689,936,494
99,647,229
Website: http://www.cimarex.com
Address: Cimarex Energy Co.
1700 Lincoln Street,
Suite 3700,
Denver,
Colorado, 80203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE XEC Common Stock New York Stock Exchange US USD 25. Sep 2002
DB ENY Common Stock Deutsche Boerse AG DE EUR 25. Sep 2002
LSE 0HYB Common Stock London Stock Exchange GB USD 25. Sep 2002
Number of employees
Current staff
Staff numbers
955
Cimarex Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 20:59
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.