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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Cimarex Energy Company (NYSE: XEC) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $60.30 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Cimarex Energy has been 837,700 shares per day over the past 30 days. Cimarex Energy has a market cap of $5.1 billion and is part of the basic materials sector and energy industry. Shares are down 4.6% year to date as of the close of trading on Friday.

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 13.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cimarex Energy as a buy. The company's strengths can be seen in multiple areas, such as its 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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