Cimarex Energy Stock To Go Ex-dividend Tomorrow (XEC)

NEW YORK ( TheStreet) -- The ex-dividend date for Cimarex Energy Company (NYSE: XEC) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $66.05 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Cimarex Energy has been 1.1 million shares per day over the past 30 days. Cimarex Energy has a market cap of $5.63 billion and is part of the basic materials sector and energy industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, New Mexico, and Kansas. The company has a P/E ratio of 10.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cimarex Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Cimarex Energy Ratings Report.

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