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Recap: Cimarex Energy Q4 Earnings

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Benzinga Insights
·1 min read
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Shares of Cimarex Energy (NYSE:XEC) rose in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 24.58% over the past year to $0.89, which beat the estimate of $0.68.

Revenue of $434,723,000 declined by 33.86% from the same period last year, which beat the estimate of $419,660,000.

Outlook

Five9 Sees Q1 Adj. EPS $0.12-$0.14 vs $0.12 Est., Sales $122M-$123M vs $115.75M Est., Sees FY21 Adj. EPS $0.75-$0.79 vs $0.84 Est., Sales $518.5M-$521.5M vs $499.41M Est.

Technicals

52-week high: $54.36

View more earnings on XEC

Company's 52-week low was at $12.15

Price action over last quarter: Up 92.99%

Company Description

Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.

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