Cimarex Energy Stock To Go Ex-dividend Monday (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 Monday, May 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $71.37 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Cimarex Energy has been 949,600 shares per day over the past 30 days. Cimarex Energy has a market cap of $6.3 billion and is part of the basic materials sector and energy industry. Shares are up 24.3% year to date as of the close of trading on Thursday.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, New Mexico, and Kansas. As of December 31, 2012, the company owned an interest in 4,953 net productive oil and gas wells. The company has a P/E ratio of 17.8, above 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 revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cimarex Energy Ratings Report.

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