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Also traded in: Germany

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 : 5/10

vs
industry
vs
history
Cash to Debt 0.46
XEC's Cash to Debt is ranked higher than
51% of the 455 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.43 vs. XEC: 0.46 )
Ranked among companies with meaningful Cash to Debt only.
XEC' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.17 Max: No Debt
Current: 0.46
Equity to Asset 0.53
XEC's Equity to Asset is ranked higher than
55% of the 440 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.50 vs. XEC: 0.53 )
Ranked among companies with meaningful Equity to Asset only.
XEC' s Equity to Asset Range Over the Past 10 Years
Min: 0.51  Med: 0.60 Max: 0.68
Current: 0.53
0.51
0.68
F-Score: 3
Z-Score: 1.02
M-Score: -5.69
WACC vs ROIC
10.78%
-50.54%
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 : 7/10

vs
industry
vs
history
Operating margin (%) -253.97
XEC's Operating margin (%) is ranked lower than
76% of the 447 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -59.62 vs. XEC: -253.97 )
Ranked among companies with meaningful Operating margin (%) only.
XEC' s Operating margin (%) Range Over the Past 10 Years
Min: -73.13  Med: 38.68 Max: 56.48
Current: -253.97
-73.13
56.48
Net-margin (%) -163.65
XEC's Net-margin (%) is ranked lower than
67% of the 447 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -68.47 vs. XEC: -163.65 )
Ranked among companies with meaningful Net-margin (%) only.
XEC' s Net-margin (%) Range Over the Past 10 Years
Min: -45.76  Med: 25.75 Max: 35.62
Current: -163.65
-45.76
35.62
ROE (%) -63.64
XEC's ROE (%) is ranked lower than
75% of the 466 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -23.85 vs. XEC: -63.64 )
Ranked among companies with meaningful ROE (%) only.
XEC' s ROE (%) Range Over the Past 10 Years
Min: -32.14  Med: 12.16 Max: 24.73
Current: -63.64
-32.14
24.73
ROA (%) -34.16
XEC's ROA (%) is ranked lower than
72% of the 507 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.34 vs. XEC: -34.16 )
Ranked among companies with meaningful ROA (%) only.
XEC' s ROA (%) Range Over the Past 10 Years
Min: -18.93  Med: 7.24 Max: 14.73
Current: -34.16
-18.93
14.73
ROC (Joel Greenblatt) (%) -71.78
XEC's ROC (Joel Greenblatt) (%) is ranked lower than
75% of the 491 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.88 vs. XEC: -71.78 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
XEC' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -40.38  Med: 15.36 Max: 34.08
Current: -71.78
-40.38
34.08
Revenue Growth (3Y)(%) 11.50
XEC's Revenue Growth (3Y)(%) is ranked higher than
76% of the 372 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.70 vs. XEC: 11.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
XEC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -7.3  Med: 9.50 Max: 34.2
Current: 11.5
-7.3
34.2
EBITDA Growth (3Y)(%) 10.20
XEC's EBITDA Growth (3Y)(%) is ranked higher than
66% of the 258 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.70 vs. XEC: 10.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
XEC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 5.7  Med: 10.85 Max: 47.4
Current: 10.2
5.7
47.4
EPS Growth (3Y)(%) -1.30
XEC's EPS Growth (3Y)(%) is ranked lower than
54% of the 259 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.60 vs. XEC: -1.30 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
XEC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -1.3  Med: 11.15 Max: 55.1
Current: -1.3
-1.3
55.1
» XEC's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-08-04)


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

» Details

Guru Trades

Q2 2015

XEC Guru Trades in Q2 2015

Louis Moore Bacon 65,000 sh (New)
John Burbank 50,616 sh (New)
Pioneer Investments 270,191 sh (+14.07%)
Diamond Hill Capital 3,511,862 sh (+8.67%)
Ken Fisher 3,000 sh (unchged)
George Soros Sold Out
T Boone Pickens 27,285 sh (-0.07%)
Chuck Royce 324,113 sh (-4.42%)
Columbia Wanger 852,482 sh (-9.18%)
First Pacific Advisors 791,100 sh (-10.77%)
Charles de Vaulx 758,138 sh (-16.24%)
FPA Capital Fund 398,300 sh (-23.40%)
Steven Cohen 90,000 sh (-72.36%)
Jim Simons 8,402 sh (-89.34%)
» More
Q3 2015

XEC Guru Trades in Q3 2015

Paul Tudor Jones 4,458 sh (New)
Jim Simons 52,098 sh (+520.07%)
Diamond Hill Capital 3,775,498 sh (+7.51%)
Columbia Wanger 912,771 sh (+7.07%)
T Boone Pickens 27,988 sh (+2.58%)
FPA Capital Fund 408,100 sh (+2.46%)
Pioneer Investments 274,903 sh (+1.74%)
First Pacific Advisors 799,370 sh (+1.05%)
Ken Fisher 3,000 sh (unchged)
John Burbank Sold Out
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
Charles de Vaulx 720,385 sh (-4.98%)
Chuck Royce 79,346 sh (-75.52%)
» More
Q4 2015

XEC Guru Trades in Q4 2015

Paul Tudor Jones 15,651 sh (+251.08%)
Jim Simons 101,198 sh (+94.25%)
Pioneer Investments 360,215 sh (+31.03%)
Ken Fisher 3,037 sh (+1.23%)
Charles de Vaulx 720,385 sh (unchged)
Chuck Royce Sold Out
FPA Capital Fund 399,320 sh (-2.15%)
Diamond Hill Capital 3,684,646 sh (-2.41%)
First Pacific Advisors 769,460 sh (-3.74%)
Columbia Wanger 354,963 sh (-61.11%)
» More
Q1 2016

XEC Guru Trades in Q1 2016

Steven Cohen 544,827 sh (New)
RS Investment Management 180 sh (New)
Diamond Hill Capital 3,739,203 sh (+1.48%)
Columbia Wanger 354,963 sh (unchged)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Ken Fisher 3,000 sh (-1.22%)
Pioneer Investments 344,849 sh (-4.27%)
First Pacific Advisors 608,080 sh (-20.97%)
FPA Capital Fund 315,470 sh (-21.00%)
» More
» Details

Insider Trades

Latest Guru Trades with XEC

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:NYSE:OXY, NYSE:COP, HKSE:00883, NYSE:EOG, TSX:CNQ, LSE:NVTK » details
Traded in other countries:ENY.Germany,
Cimarex Energy Co is an oil and gas exploration and production company with operations in two main areas: the Mid-Continent region and the Permian Basin.

Cimarex Energy Co a Delaware corporation, was incorporated on February 14, 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.

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

Top Ranked Articles about Cimarex Energy Co

FPA Capital Fund Sells Portions of 13 Stakes in Second Quarter
The FPA Capital Fund (Trades, Portfolio) typically has roughly a 50-50 mix of buying and selling activity in a quarter, but most of its activity in the second quarter involved selling only. FPA didn’t sell any stakes in full, but it did sell portions of 13 existing stakes and added to just four. Read more...

Ratios

vs
industry
vs
history
Forward P/E 64.94
XEC's Forward P/E is ranked lower than
77% of the 103 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 29.76 vs. XEC: 64.94 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 4.22
XEC's P/B is ranked lower than
91% of the 446 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.95 vs. XEC: 4.22 )
Ranked among companies with meaningful P/B only.
XEC' s P/B Range Over the Past 10 Years
Min: 0.62  Med: 1.72 Max: 4.28
Current: 4.22
0.62
4.28
P/S 8.20
XEC's P/S is ranked lower than
84% of the 434 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.00 vs. XEC: 8.20 )
Ranked among companies with meaningful P/S only.
XEC' s P/S Range Over the Past 10 Years
Min: 0.78  Med: 3.61 Max: 8.26
Current: 8.2
0.78
8.26
POCF 16.54
XEC's POCF is ranked lower than
88% of the 309 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.26 vs. XEC: 16.54 )
Ranked among companies with meaningful POCF only.
XEC' s POCF Range Over the Past 10 Years
Min: 1.16  Med: 4.80 Max: 16.64
Current: 16.54
1.16
16.64
Current Ratio 2.61
XEC's Current Ratio is ranked higher than
73% of the 489 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.35 vs. XEC: 2.61 )
Ranked among companies with meaningful Current Ratio only.
XEC' s Current Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.15 Max: 2.63
Current: 2.61
0.66
2.63
Quick Ratio 2.48
XEC's Quick Ratio is ranked higher than
73% of the 489 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.32 vs. XEC: 2.48 )
Ranked among companies with meaningful Quick Ratio only.
XEC' s Quick Ratio Range Over the Past 10 Years
Min: 0.54  Med: 0.99 Max: 2.5
Current: 2.48
0.54
2.5
Days Inventory 45.55
XEC's Days Inventory is ranked lower than
67% of the 209 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 24.32 vs. XEC: 45.55 )
Ranked among companies with meaningful Days Inventory only.
XEC' s Days Inventory Range Over the Past 10 Years
Min: 48.76  Med: 78.08 Max: 259.95
Current: 45.55
48.76
259.95
Days Sales Outstanding 16.87
XEC's Days Sales Outstanding is ranked higher than
86% of the 397 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 40.81 vs. XEC: 16.87 )
Ranked among companies with meaningful Days Sales Outstanding only.
XEC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.99  Med: 72.49 Max: 94.36
Current: 16.87
47.99
94.36
Days Payable 27.84
XEC's Days Payable is ranked lower than
77% of the 256 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 79.55 vs. XEC: 27.84 )
Ranked among companies with meaningful Days Payable only.
XEC' s Days Payable Range Over the Past 10 Years
Min: 47.43  Med: 90.06 Max: 197.7
Current: 27.84
47.43
197.7

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.09
XEC's Dividend Yield is ranked lower than
87% of the 323 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.17 vs. XEC: 1.09 )
Ranked among companies with meaningful Dividend Yield only.
XEC' s Dividend Yield Range Over the Past 10 Years
Min: 0.09  Med: 0.51 Max: 1.51
Current: 1.09
0.09
1.51
Dividend Growth (3y) 17.70
XEC's Dividend Growth (3y) is ranked higher than
83% of the 92 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.80 vs. XEC: 17.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
XEC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 15.55 Max: 24.2
Current: 17.7
0
24.2
Forward Dividend Yield 0.27
XEC's Forward Dividend Yield is ranked lower than
65% of the 242 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.80 vs. XEC: 0.27 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.84
XEC's Yield on cost (5-Year) is ranked lower than
68% of the 382 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.35 vs. XEC: 2.84 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
XEC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.23  Med: 1.33 Max: 3.93
Current: 2.84
0.23
3.93
3-Year Average Share Buyback Ratio -0.70
XEC's 3-Year Average Share Buyback Ratio is ranked higher than
78% of the 369 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.20 vs. XEC: -0.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
XEC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -26.4  Med: -1.05 Max: -0.3
Current: -0.7
-26.4
-0.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.60
XEC's Price/Tangible Book is ranked lower than
91% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.03 vs. XEC: 5.60 )
Ranked among companies with meaningful Price/Tangible Book only.
XEC' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.26  Med: 2.18 Max: 4.86
Current: 5.6
1.26
4.86
Price/Median PS Value 2.28
XEC's Price/Median PS Value is ranked lower than
93% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.70 vs. XEC: 2.28 )
Ranked among companies with meaningful Price/Median PS Value only.
XEC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.25  Med: 0.95 Max: 1.88
Current: 2.28
0.25
1.88
Earnings Yield (Greenblatt) (%) -28.10
XEC's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 527 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -12.50 vs. XEC: -28.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
XEC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -28.24  Med: 11.60 Max: 22.5
Current: -28.1
-28.24
22.5
Forward Rate of Return (Yacktman) (%) 3.40
XEC's Forward Rate of Return (Yacktman) (%) is ranked higher than
71% of the 173 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -14.18 vs. XEC: 3.40 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
XEC' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -4.2  Med: -0.70 Max: 22
Current: 3.4
-4.2
22

More Statistics

Revenue (TTM) (Mil) $1,332
EPS (TTM) $ -23.46
Beta1.32
Short Percentage of Float3.75%
52-Week Range $72.77 - 124.91
Shares Outstanding (Mil)94.82

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 1,182 1,546 2,029
EPS ($) -0.34 1.82 4.48
EPS without NRI ($) -0.34 1.82 4.48
EPS Growth Rate
(3Y to 5Y Estimate)
-4.59%
» More Articles for XEC

Headlines

Articles On GuruFocus.com
FPA Reduces Position in Helmerich & Payne Apr 13 2016 
T. Boone Pickens Adds to Stakes in Energy Companies Dec 28 2015 
Cimarex Energy Is an Attractive Investment Nov 10 2015 
Global Energy: Adapting to New Realities – Diamond Hill Capital Aug 21 2015 
FPA Capital Fund Sells Portions of 13 Stakes in Second Quarter Jul 13 2015 
Denver-Based Cimarex Energy Is Facing Problems Jul 02 2015 
Charles de Vaulx's IVA Funds Newsletter May 2015 May 28 2015 
FPA Capital Fund First Quarter 2015 Commentary May 06 2015 
FPA Capital Adds Two Stakes to Portfolio in First Quarter May 05 2015 
Mutual Fund Manager Columbia Wanger Adds 4 Stocks in Q1 May 05 2015 

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