Cimarex Energy
Market Cap
US$5.7b
Last Updated
2021/02/24 23:12 UTC
Data Sources
Company Financials +
Executive Summary
Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential second-rate 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
Stable Share Price: XEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: XEC's weekly volatility has decreased from 13% to 7% over the past year.
Market Performance
7 Day Return
14.0%
XEC
4.5%
US Oil and Gas
-2.5%
US Market
1 Year Return
79.5%
XEC
-0.9%
US Oil and Gas
34.1%
US Market
Return vs Industry: XEC exceeded the US Oil and Gas industry which returned -0.9% over the past year.
Return vs Market: XEC exceeded the US Market which returned 34.1% over the past year.
Shareholder returns
| XEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.0% | 4.5% | -2.5% |
| 30 Day | 34.3% | 13.3% | 0.1% |
| 90 Day | 60.1% | 23.2% | 4.5% |
| 1 Year | 84.7%79.5% | 6.0%-0.9% | 37.1%34.1% |
| 3 Year | -33.2%-36.7% | -14.1%-26.3% | 58.0%47.9% |
| 5 Year | -28.2%-32.3% | 9.0%-12.6% | 131.9%106.2% |
Long-Term 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
2 weeks ago | Simply Wall St
Cimarex Energy Co. (NYSE:XEC) Pays A US$0.22 Dividend In Just Three Days4 weeks ago | Simply Wall St
Is Cimarex Energy (NYSE:XEC) Using Too Much Debt?1 month ago | Simply Wall St
Estimating The Intrinsic Value Of Cimarex Energy Co. (NYSE:XEC)Valuation
Is Cimarex Energy undervalued compared to its fair value and its price relative to the market?
3.93x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: XEC ($60.81) is trading above our estimate of fair value ($52.5)
Significantly Below Fair Value: XEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: XEC is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: XEC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate XEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: XEC is overvalued based on its PB Ratio (3.9x) compared to the US Oil and Gas industry average (1.4x).
Next Steps
Future Growth
How is Cimarex Energy forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
68.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: XEC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: XEC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: XEC's is expected to become profitable in the next 3 years.
Revenue vs Market: XEC's revenue (16.1% per year) is forecast to grow faster than the US market (10.5% per year).
High Growth Revenue: XEC's revenue (16.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: XEC's Return on Equity is forecast to be high in 3 years time (28.9%)
Next Steps
Past Performance
How has Cimarex Energy performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: XEC is currently unprofitable.
Growing Profit Margin: XEC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: XEC is unprofitable, but has reduced losses over the past 5 years at a rate of 19.5% per year.
Accelerating Growth: Unable to compare XEC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: XEC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-35.8%).
Return on Equity
High ROE: XEC has a negative Return on Equity (-123.72%), as it is currently unprofitable.
Next Steps
Financial Health
How is Cimarex Energy's financial position?
Financial Position Analysis
Short Term Liabilities: XEC's short term assets ($657.3M) do not cover its short term liabilities ($660.2M).
Long Term Liabilities: XEC's short term assets ($657.3M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: XEC's debt to equity ratio (124.9%) is considered high.
Reducing Debt: XEC's debt to equity ratio has increased from 60.9% to 124.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable XEC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: XEC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.3% per year.
Next Steps
Dividend
What is Cimarex Energy current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: XEC's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: XEC's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
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: XEC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: XEC's dividends in 3 years are forecast to be thoroughly covered by earnings (14.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Tom Jorden (63 yo)
9.42yrs
Tenure
US$9,002,555
Compensation
Mr. Thomas E. Jorden, also known as Tom, has been the Chief Executive Officer and President at Cimarex Energy Company since September 30, 2011. Mr. Jorden served as Executive Vice President of Exploration ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD9.00M) is above average for companies of similar size in the US market ($USD6.21M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.42yrs | US$9.00m | 0.68% $ 38.6m | |
| Senior VP & CFO | 5.42yrs | US$3.53m | 0.18% $ 10.2m | |
| Senior VP & Chief Human Resources Officer | 1.83yrs | US$5.11m | 0.11% $ 6.4m | |
| Executive Vice President of Exploration | 5.17yrs | US$3.98m | 0.22% $ 12.4m | |
| VP, Controller | 4yrs | no data | 0.020% $ 1.1m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & General Counsel | 7.58yrs | no data | 0.15% $ 8.7m | |
| Executive Vice President of Business Development | 8.42yrs | US$4.22m | 0.20% $ 11.3m | |
| Senior Vice President of Production | no data | no data | 0.054% $ 3.1m | |
| Vice President of Operations | no data | no data | 0.053% $ 3.1m |
5.4yrs
Average Tenure
57yo
Average Age
Experienced Management: XEC's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.42yrs | US$9.00m | 0.68% $ 38.6m | |
| Independent Director | 19yrs | US$313.79k | 0.47% $ 26.7m | |
| Independent Director | 15.33yrs | US$326.90k | 0.028% $ 1.6m | |
| Director | 9.42yrs | US$4.23m | 0.12% $ 6.8m | |
| Independent Lead Director | no data | US$346.90k | 0.021% $ 1.2m | |
| Director Emeritus | 3.75yrs | US$93.00 | no data | |
| Independent Director | 5.33yrs | US$306.90k | 0.019% $ 1.1m | |
| Director Emeritus | 1.75yrs | US$85.50k | 0.023% $ 1.3m | |
| Independent Director | 8.17yrs | US$326.90k | 0.024% $ 1.4m | |
| Independent Director | 1.42yrs | US$203.89k | 0.010% $ 572.0k | |
| Director | 1.75yrs | US$306.40k | 0.011% $ 612.6k | |
| Independent Director | 3.75yrs | US$306.81k | 0.015% $ 847.2k |
5.3yrs
Average Tenure
64yo
Average Age
Experienced Board: XEC's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: XEC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$5.709b
- Shares outstanding: 100.12m
- Website: https://www.cimarex.com
Number of Employees
Location
- Cimarex Energy Co.
- 1700 Lincoln Street
- Suite 3700
- Denver
- Colorado
- 80203-4537
- 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 Texas, Oklahoma, and New Mexico. As of December 31, 2020, it had a total proved reserves of 531.0 m...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:12 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.