Cimarex Energy
Market Cap
US$4.3b
Last Updated
2019/10/16 23:45 UTC
Data Sources
Company Financials +
Executive Summary
Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico.
Snowflake
Fundamentals
Undervalued average dividend payer.
Similar Companies
Share Price & News
How has Cimarex Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.2%
XEC
0.8%
US Oil and Gas
2.3%
US Market
1 Year Return
-53.0%
XEC
-22.2%
US Oil and Gas
5.6%
US Market
Return vs Industry: XEC underperformed the US Oil and Gas industry which returned -22.2% over the past year.
Return vs Market: XEC underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| XEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 0.8% | 2.3% |
| 30 Day | -19.3% | -7.9% | -1.0% |
| 90 Day | -11.6% | -8.3% | -0.7% |
| 1 Year | -52.4%-53.0% | -19.3%-22.2% | 7.9%5.6% |
| 3 Year | -68.5%-69.1% | -8.2%-16.4% | 45.6%36.3% |
| 5 Year | -58.4%-59.6% | -23.7%-34.3% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Cimarex Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
16 hours ago | Simply Wall St
How Much is Cimarex Energy Co.'s (NYSE:XEC) CEO Getting Paid?2 weeks ago | Simply Wall St
Cimarex Energy Co. (NYSE:XEC): The Best Of Both Worlds4 weeks ago | Simply Wall St
How Does Cimarex Energy's (NYSE:XEC) P/E Compare To Its Industry, After Its Big Share Price Gain?Valuation
Is Cimarex Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: XEC ($43.38) is trading below our estimate of fair value ($105.44)
Significantly Undervalued: XEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: XEC is good value based on its PE Ratio (7.1x) compared to the Oil and Gas industry average (9.8x).
PE vs Market: XEC is good value based on its PE Ratio (7.1x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: XEC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: XEC is overvalued based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (0.9x).
Next Steps
Future Growth
How is Cimarex Energy forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
16.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: XEC's forecast earnings growth (16% per year) is above the savings rate (2.7%).
Earnings vs Market: XEC's earnings (16% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: XEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: XEC's revenue (7.3% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: XEC's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: XEC's Return on Equity is forecast to be low in 3 years time (13.6%).
Next Steps
Past Performance
How has Cimarex Energy performed over the past 5 years?
32.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: XEC's earnings have grown significantly by 32% per year over the past 5 years.
Accelerating Growth: XEC's earnings growth over the past year (0.8%) is below its 5-year average (32% per year).
Earnings vs Industry: XEC earnings growth over the past year (0.8%) underperformed the Oil and Gas industry 22.6%.
Return on Equity
High ROE: XEC's Return on Equity (15.2%) is considered low.
Return on Assets
ROA vs Industry: XEC has a higher Return on Assets than the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: XEC has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Cimarex Energy's financial position?
Financial Position Analysis
Short Term Liabilities: XEC's short term assets ($520.1M) do not cover its short term liabilities ($814.7M)
Long Term Liabilities: XEC's short term assets (520.1M) do not cover its long term liabilities (2.8B)
Debt to Equity History and Analysis
Debt Level: XEC's debt to equity ratio (50.3%) is considered high
Reducing Debt: XEC's debt to equity ratio has increased from 35% to 50.3% over the past 5 years.
Debt Coverage: XEC's debt is well covered by operating cash flow (76.1%).
Interest Coverage: XEC's interest payments on its debt are well covered by EBIT (25.4x coverage).
Balance Sheet
Inventory Level: XEC has a high level of physical assets or inventory.
Debt Coverage by Assets: XEC's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Cimarex Energy's current dividend yield, its reliability and sustainability?
1.84%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Cimarex Energy before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: XEC's dividend (1.84%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: XEC's dividend (1.84%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: XEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: XEC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.4%), XEC's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: XEC's dividends in 3 years are forecast to be thoroughly covered by earnings (12% payout ratio).
Next Steps
Management
What is the CEO of Cimarex Energy's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average management tenure
CEO
Tom Jorden (62yo)
8.1yrs
Tenure
US$9,727,480
Compensation
Mr. Thomas E. Jorden, also known as Tom, has been the Chief Executive Officer and President at Cimarex Energy Company since September 30, 2011. Mr. Jorden served as Executive Vice President of Exploration ...
CEO Compensation Analysis
Compensation vs. Market: Tom's total compensation ($USD9.73M) is about average for companies of similar size in the US market ($USD5.13M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.2yrs
Average Tenure
57yo
Average Age
Experienced Management: XEC's management team is seasoned and experienced (5.2 years average tenure).
Board Age and Tenure
6.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: XEC's board of directors are considered experienced (6.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 990 |
| Max Price | US$70.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 130 |
| Max Price | US$73.98 |
| Entity | Individual |
| Shares | 1,492 |
| Max Price | US$70.22 |
Ownership Breakdown
Management Team
Steve Bell (64yo)
Executive Vice President of Business Development
- Tenure: 7.1yrs
- Compensation: US$4.22m
Tom Jorden (62yo)
Chairman
- Tenure: 8.1yrs
- Compensation: US$9.73m
Joe Albi (60yo)
Executive VP
- Tenure: 8.1yrs
- Compensation: US$4.58m
Karen Acierno
Vice President of Investor Relations
- Tenure: 0yrs
G. Burford (51yo)
Senior VP & CFO
- Tenure: 4.1yrs
- Compensation: US$4.01m
Francis Barron (56yo)
Senior VP
- Tenure: 6.3yrs
Tim Ficker (51yo)
VP, Controller
- Tenure: 2.7yrs
John Lambuth (57yo)
Senior Vice President of Exploration
- Tenure: 3.8yrs
- Compensation: US$4.36m
Chris Clason
VP & Chief Human Resources Officer
- Tenure: 0.5yrs
Board Members
Hans Helmerich (60yo)
Independent Director
- Tenure: 17.7yrs
- Compensation: US$311.03k
Monroe Robertson (69yo)
Independent Director
- Tenure: 14yrs
- Compensation: US$325.91k
Tom Jorden (62yo)
Chairman
- Tenure: 8.1yrs
- Compensation: US$9.73m
Joe Albi (60yo)
Executive VP
- Tenure: 8.1yrs
- Compensation: US$4.58m
Hal Logan (75yo)
Lead Director
- Tenure: 0yrs
- Compensation: US$345.91k
Lisa Stewart (61yo)
Independent Director
- Tenure: 4yrs
- Compensation: US$305.98k
Floyd Price (70yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$324.41k
Kathy Hogenson (58yo)
Independent Director
- Tenure: 0.08yrs
Paul Eckley (64yo)
Director
- Tenure: 0.4yrs
Fran Vallejo (53yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$305.52k
Company Information
Cimarex Energy Co.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cimarex Energy Co.
- Ticker: XEC
- Exchange: NYSE
- Founded: 2002
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$4.324b
- Shares outstanding: 99.67m
- Website: https://www.cimarex.com
Number of Employees
Location
- Cimarex Energy Co.
- 1700 Lincoln Street
- Suite 3700
- Denver
- Colorado
- 80203
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| XEC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 2002 |
| ENY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 2002 |
| 0HYB | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 2002 |
Biography
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 m ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:45 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.