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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.27
XEC's Cash to Debt is ranked higher than
70% of the 1051 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.42 vs. XEC: 0.27 )
XEC' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.27

Equity to Asset 0.52
XEC's Equity to Asset is ranked higher than
76% of the 1027 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.53 vs. XEC: 0.52 )
XEC' s 10-Year Equity to Asset Range
Min: 0.52   Max: 0.66
Current: 0.52

0.52
0.66
Interest Coverage 22.03
XEC's Interest Coverage is ranked higher than
75% of the 657 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 20.32 vs. XEC: 22.03 )
XEC' s 10-Year Interest Coverage Range
Min: 22.03   Max: 224.14
Current: 22.03

22.03
224.14
F-Score: 5
Z-Score: 2.57
M-Score: -3.06
WACC vs ROIC
15.40%
9.58%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 33.58
XEC's Operating margin (%) is ranked higher than
90% of the 1052 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 7.74 vs. XEC: 33.58 )
XEC' s 10-Year Operating margin (%) Range
Min: -73.13   Max: 56.48
Current: 33.58

-73.13
56.48
Net-margin (%) 20.92
XEC's Net-margin (%) is ranked higher than
88% of the 1052 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.83 vs. XEC: 20.92 )
XEC' s 10-Year Net-margin (%) Range
Min: -46.45   Max: 35.62
Current: 20.92

-46.45
35.62
ROE (%) 11.86
XEC's ROE (%) is ranked higher than
88% of the 1122 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -2.19 vs. XEC: 11.86 )
XEC' s 10-Year ROE (%) Range
Min: -32.62   Max: 24.86
Current: 11.86

-32.62
24.86
ROA (%) 6.24
XEC's ROA (%) is ranked higher than
89% of the 1162 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.49 vs. XEC: 6.24 )
XEC' s 10-Year ROA (%) Range
Min: -19.21   Max: 16.07
Current: 6.24

-19.21
16.07
ROC (Joel Greenblatt) (%) 12.13
XEC's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 1146 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.64 vs. XEC: 12.13 )
XEC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -40.97   Max: 48.02
Current: 12.13

-40.97
48.02
Revenue Growth (3Y)(%) 10.60
XEC's Revenue Growth (3Y)(%) is ranked higher than
81% of the 760 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.50 vs. XEC: 10.60 )
XEC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7.3   Max: 34.2
Current: 10.6

-7.3
34.2
EBITDA Growth (3Y)(%) 9.30
XEC's EBITDA Growth (3Y)(%) is ranked higher than
82% of the 665 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.30 vs. XEC: 9.30 )
XEC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 6.5   Max: 47.4
Current: 9.3

6.5
47.4
EPS Growth (3Y)(%) -2.10
XEC's EPS Growth (3Y)(%) is ranked higher than
75% of the 568 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.40 vs. XEC: -2.10 )
XEC' s 10-Year EPS Growth (3Y)(%) Range
Min: -2.1   Max: 55.2
Current: -2.1

-2.1
55.2
» XEC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

XEC Guru Trades in Q2 2014

Andreas Halvorsen 498,700 sh (New)
T Boone Pickens 3,700 sh (New)
Charles de Vaulx 700,729 sh (+13.69%)
Diamond Hill Capital 2,343,414 sh (+6.24%)
Louis Moore Bacon 55,000 sh (+5.77%)
Steven Cohen 945,247 sh (unchged)
Ken Fisher 3,000 sh (unchged)
John Burbank Sold Out
Jim Simons Sold Out
Paul Tudor Jones Sold Out
FPA Capital Fund 175,900 sh (-5.02%)
First Pacific Advisors 353,200 sh (-5.36%)
Pioneer Investments 260,280 sh (-10.66%)
Chuck Royce 456,314 sh (-34.13%)
» More
Q3 2014

XEC Guru Trades in Q3 2014

Jim Simons 222,498 sh (New)
T Boone Pickens 25,639 sh (+592.95%)
Louis Moore Bacon 103,151 sh (+87.55%)
First Pacific Advisors 517,100 sh (+46.40%)
FPA Capital Fund 245,200 sh (+39.40%)
Diamond Hill Capital 2,670,313 sh (+13.95%)
Ken Fisher 3,138 sh (+4.60%)
Pioneer Investments 219,971 sh (unchged)
Andreas Halvorsen Sold Out
Chuck Royce 455,514 sh (-0.18%)
Charles de Vaulx 644,517 sh (-8.02%)
Steven Cohen 179,320 sh (-81.03%)
» More
Q4 2014

XEC Guru Trades in Q4 2014

Charles de Vaulx 2,111,214 sh (+227.57%)
T Boone Pickens 31,676 sh (+23.55%)
Diamond Hill Capital 3,105,115 sh (+16.28%)
FPA Capital Fund 282,000 sh (+15.01%)
First Pacific Advisors 585,700 sh (+13.27%)
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
Ken Fisher 3,000 sh (-4.40%)
Chuck Royce 339,414 sh (-25.49%)
Pioneer Investments 100,557 sh (-54.29%)
Jim Simons 26,659 sh (-88.02%)
» More
Q1 2015

XEC Guru Trades in Q1 2015

FPA Capital Fund 520,000 sh (+84.40%)
» More
» Details

Insider Trades

Latest Guru Trades with XEC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Cimarex Energy Co

Diamond Hill Capital Comments on Cimarex Energy Co - Jul 25, 2014

Oil and gas exploration and production company Cimarex Energy Co. (XEC) rose as a result of an improving outlook for domestic oil prices as well as continued strong operational results in core areas. In addition, the company continued to see strong results as it tests the resource potential associated with its acreage position in the Delaware Basin.

From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Second Quarter 2014 Commentary.

Check out Diamond Hill Capital latest stock trades

FPA Capital Fund Comments on Cimarex Energy - Jul 23, 2014

Among the stocks we reduced in the quarter was Cimarex Energy (XEC). XEC is an Oil & Gas Exploration and Production company located in Denver, Colorado. Yet the company’s energy assets are primarily located in Oklahoma and Texas, with some acreage in New Mexico as well. XEC closed at a shade over $143 at the end of June and has appreciated more than 36% year-to-date.

One reason why we have a positive bias toward energy companies is that demand for oil continues to increase but new supplies of oil are getting more difficult and expensive to develop. According to Cambridge Energy Research Associates (CERA), in 2013, the global oil discovery rate of 13 billion barrels was the lowest rate since 1952 and was down 30% versus 2012. To put that into perspective, the global consumption of oil is currently running about 33 billion barrels a year. Moreover, CERA estimates that the number of new field discoveries has fallen 50%, and new field sizes are on a slow, downward trend for both oil & gas. Ominously, the previous success rate of a new well drilled was 25%, but that number has declined to 14% currently.

Over the past few years, most of the successful new oil wells and higher production has come from shale oil projects in the U.S. It is companies like Cimarex that are helping to keep a lid on oil prices from sky- rocketing and potentially preventing another consumer-led recession. Despite our positive view on the long-term prospects for the energy markets, we trimmed backed the XEC position in the quarter to take some risk off the table. The oil & gas business is still a risky and cyclical industry. Given that the stock price has nearly tripled over the last two years and is up roughly eight-fold from early 2009, we believe it is prudent to cash-in on some profits.

From FPA Capital Fund (Trades, Portfolio)’s Second Quarter 2014 Commentary.

Check out FPA Capital Fund latest stock trades

Diamond Hill Capital Comments on Cimarex Energy Co - Jun 26, 2014

Oil and gas exploration and production company Cimarex Energy Co. (XEC) outperformed reflecting stronger commodity prices and an improving growth outlook based on favorable results in the Delaware Basin.



From Diamond Hill Capital's Small Cap Fund Commentary – First Quarter 2014.



Check out Diamond Hill Capital latest stock trades

Diamond Hill Capital Comments on Cimarex Energy Co - Jan 15, 2014

Exploration and production company Cimarex Energy Co. (XEC) benefited from improving well results in the Delaware Basin in West Texas. Cimarex has a sizeable acreage position in the Wolfcamp Shale which we believe can help sustain strong production growth at very good economics if the development is successful.

From Diamond Hill Capital (Trades, Portfolio) Large Cap Fund third quarter 2013 commentary.

Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about Cimarex Energy Co

Diamond Hill Capital Comments on Cimarex Energy Co
Oil and gas exploration and production company Cimarex Energy Co. (XEC) rose as a result of an improving outlook for domestic oil prices as well as continued strong operational results in core areas. In addition, the company continued to see strong results as it tests the resource potential associated with its acreage position in the Delaware Basin. Read more...
FPA Capital Fund Comments on Cimarex Energy
Among the stocks we reduced in the quarter was Cimarex Energy (XEC). XEC is an Oil & Gas Exploration and Production company located in Denver, Colorado. Yet the company’s energy assets are primarily located in Oklahoma and Texas, with some acreage in New Mexico as well. XEC closed at a shade over $143 at the end of June and has appreciated more than 36% year-to-date. Read more...
Diamond Hill Capital Comments on Cimarex Energy Co
Oil and gas exploration and production company Cimarex Energy Co. (XEC) outperformed reflecting stronger commodity prices and an improving growth outlook based on favorable results in the Delaware Basin. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 22.20
XEC's P/E(ttm) is ranked higher than
80% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 22.20 )
XEC' s 10-Year P/E(ttm) Range
Min: 6.35   Max: 22.4
Current: 22.2

6.35
22.4
Forward P/E 129.87
XEC's Forward P/E is ranked higher than
74% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 129.87 )
N/A
PE(NRI) 21.00
XEC's PE(NRI) is ranked higher than
86% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 21.00 )
XEC' s 10-Year PE(NRI) Range
Min: 6.35   Max: 21.15
Current: 21

6.35
21.15
P/B 2.40
XEC's P/B is ranked higher than
52% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.17 vs. XEC: 2.40 )
XEC' s 10-Year P/B Range
Min: 0.62   Max: 3.81
Current: 2.4

0.62
3.81
P/S 4.54
XEC's P/S is ranked higher than
50% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.87 vs. XEC: 4.54 )
XEC' s 10-Year P/S Range
Min: 0.79   Max: 6.15
Current: 4.54

0.79
6.15
POCF 6.57
XEC's POCF is ranked higher than
82% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.00 vs. XEC: 6.57 )
XEC' s 10-Year POCF Range
Min: 1.19   Max: 8.95
Current: 6.57

1.19
8.95
EV-to-EBIT 13.64
XEC's EV-to-EBIT is ranked higher than
85% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 13.64 )
XEC' s 10-Year EV-to-EBIT Range
Min: -11.9   Max: 14.5
Current: 13.64

-11.9
14.5
Shiller P/E 29.40
XEC's Shiller P/E is ranked higher than
86% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 29.40 )
XEC' s 10-Year Shiller P/E Range
Min: 6.64   Max: 115.59
Current: 29.4

6.64
115.59
Current Ratio 1.20
XEC's Current Ratio is ranked higher than
76% of the 1142 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 vs. XEC: 1.20 )
XEC' s 10-Year Current Ratio Range
Min: 0.69   Max: 1.65
Current: 1.2

0.69
1.65
Quick Ratio 1.08
XEC's Quick Ratio is ranked higher than
75% of the 1142 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.14 vs. XEC: 1.08 )
XEC' s 10-Year Quick Ratio Range
Min: 0.59   Max: 1.59
Current: 1.08

0.59
1.59
Days Inventory 53.42
XEC's Days Inventory is ranked higher than
88% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 53.42 )
XEC' s 10-Year Days Inventory Range
Min: 48.61   Max: 259.95
Current: 53.42

48.61
259.95
Days Sales Outstanding 62.05
XEC's Days Sales Outstanding is ranked higher than
77% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 59.38 vs. XEC: 62.05 )
XEC' s 10-Year Days Sales Outstanding Range
Min: 13.1   Max: 94.36
Current: 62.05

13.1
94.36

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.50
XEC's Dividend Yield is ranked lower than
93% of the 387 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.38 vs. XEC: 0.50 )
XEC' s 10-Year Dividend Yield Range
Min: 0.09   Max: 1.51
Current: 0.5

0.09
1.51
Dividend Payout 0.10
XEC's Dividend Payout is ranked higher than
99% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 0.10 )
XEC' s 10-Year Dividend Payout Range
Min: 0.04   Max: 0.11
Current: 0.1

0.04
0.11
Dividend growth (3y) 17.70
XEC's Dividend growth (3y) is ranked higher than
89% of the 224 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.50 vs. XEC: 17.70 )
XEC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 24.2
Current: 17.7

0
24.2
Yield on cost (5-Year) 1.30
XEC's Yield on cost (5-Year) is ranked lower than
83% of the 398 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.06 vs. XEC: 1.30 )
XEC' s 10-Year Yield on cost (5-Year) Range
Min: 0.23   Max: 3.93
Current: 1.3

0.23
3.93
Share Buyback Rate -0.70
XEC's Share Buyback Rate is ranked higher than
91% of the 871 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -6.60 vs. XEC: -0.70 )
XEC' s 10-Year Share Buyback Rate Range
Min: 0.3   Max: -30.3
Current: -0.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.90
XEC's Price/Tangible Book is ranked higher than
58% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. XEC: 2.90 )
XEC' s 10-Year Price/Tangible Book Range
Min: 1.23   Max: 4.86
Current: 2.9

1.23
4.86
Price/DCF (Projected) 72.80
XEC's Price/DCF (Projected) is ranked higher than
86% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 72.80 )
XEC' s 10-Year Price/DCF (Projected) Range
Min: 1.66   Max: 60.23
Current: 72.8

1.66
60.23
Price/Median PS Value 1.40
XEC's Price/Median PS Value is ranked higher than
66% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.80 vs. XEC: 1.40 )
XEC' s 10-Year Price/Median PS Value Range
Min: 0.35   Max: 1.37
Current: 1.4

0.35
1.37
Price/Peter Lynch Fair Value 2.00
XEC's Price/Peter Lynch Fair Value is ranked higher than
94% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 2.00 )
XEC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.69   Max: 1.69
Current: 2

Price/Graham Number 1.70
XEC's Price/Graham Number is ranked higher than
82% of the 1327 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. XEC: 1.70 )
XEC' s 10-Year Price/Graham Number Range
Min: 0.72   Max: 1.51
Current: 1.7

0.72
1.51
Earnings Yield (Greenblatt) 7.10
XEC's Earnings Yield (Greenblatt) is ranked higher than
75% of the 1141 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.30 vs. XEC: 7.10 )
XEC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.9   Max: 21
Current: 7.1

6.9
21
Forward Rate of Return (Yacktman) 7.52
XEC's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.28 vs. XEC: 7.52 )
XEC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.2   Max: 22
Current: 7.52

-4.2
22

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY » details
Traded in other countries:ENY.Germany,
Cimarex Energy Co a Delaware corporation, was formed in February 2002 as a wholly owned subsidiary of Tulsa-based Helmerich & Payne, Inc. The Company is an oil and gas exploration and production company. Its exploration and development activities have been conducted primarily within two main areas: the Mid-Continent region and the Permian Basin. The Mid-Continent region consists of Oklahoma, the Texas Panhandle and southwest Kansas. The Permian Basin encompasses west Texas and southeast New Mexico. Its oil and gas production is sold under several short-term arrangements at market-responsive prices. The Company sells its oil and gas to a broad portfolio of customers. The Company competes for prospects, proved reserves, oil-field services and qualified oil and gas professionals with diversified energy companies and other independent operators. It also competes with integrated, independent and other energy companies for the sale and transportation of oil and gas to marketing companies and end users. The Company's operations are subject to extensive federal, state and local laws and regulations.
» More Articles for XEC

Headlines

Articles On GuruFocus.com
Cimarex Energy Has More Upside Potential Mar 23 2015 
IVA Worldwide Fund Fourth Quarter 2014 Quarterly Review Jan 24 2015 
Possibility of a Profitable Growth in the Future Nov 25 2014 
You Should Follow Citadel´s Top Stocks for an Attractive Expected Return Nov 24 2014 
Steven Romick's FPA Capital Q3 Commentary Oct 25 2014 
FPA Capital's Top Stock Increases of Q3 Oct 14 2014 
Should You Add Cimarex Energy to Your Portfolio? Sep 30 2014 
Cimarex Energy: Earnings Q2 2014 Sep 23 2014 
Whiting Petroleum: Acquisition Creates Buying Opportunity Sep 10 2014 
S&P 500 Finishes Above 2,000 Aug 27 2014 

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