|Bid||70.84 x 900|
|Ask||70.89 x 900|
|Day's Range||70.27 - 71.43|
|52 Week Range||55.62 - 103.91|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||8.49|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||0.80 (1.14%)|
|1y Target Est||92.07|
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors kept their optimism regarding the current bull run in the fourth quarter, while still hedging many of their long positions. However, […]
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Cimarex Energy Co. (NYSE:XEC), with a market capitalization of US$7.1b, rarely draw their attention from the investing community. Surpri...
Cimarex Energy (XEC) holds an edge over EQT Corp (EQT) in terms of bottom-line prospects, geographical diversification, production mix and other factors.
DENVER , April 5, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced it plans to report first quarter 2019 financial results on Wednesday, May 8, 2019 , after market close. The company ...
Is Oil Getting Riskier?(Continued from Prior Part)US crude oil Today at around 6:41 AM, US crude oil May futures were almost unchanged. In today’s trading, US crude oil active futures’ 200-day moving average at $61.66 will be an important support
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to lear...
Cimarex (XEC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DENVER , March 18, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual ...
Moody's Investors Service ("Moody's") has withdrawn all assigned ratings for Resolute Energy Corporation (REN) including the B3 Corporate Family Rating (CFR), following Cimarex Energy Co.'s (Cimarex, Baa3 stable) announcement of completing the acquisition of REN and concurrently depositing funds sufficient to redeem any $600 million 8.50% senior notes of REN outstanding on April 1, 2019. The company's operations are focused in Reeves County, Texas within the Permian Basin.
J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC have acted as joint book-running managers for the offering. The offering is being made pursuant to an effective registration statement previously filed with the Securities and Exchange Commission ("SEC") on Form S-3 (File No. 333-230048) and available for review on the SEC's website at www.sec.gov. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the senior notes referred to above.
Moody's Investors Service, ("Moody's") assigned a Baa3 rating to Cimarex Energy Co.'s (Cimarex) proposed issuance of $500 million senior unsecured notes due 2029. The Baa3 rating on Cimarex's existing unsecured notes is unchanged. Cimarex will use a portion of the proceeds from the notes issuance to repay borrowings under the company's revolving credit facility and the remainder for general corporate purposes.
Cimarex (XEC) expects the $1.6 billion Resolute Energy acquisition to add 28,000 barrels of oil equivalent per day of production in March.
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Resolute stockholders were able to elect to receive all cash, all stock or a combination of the two, subject to proration, so that the aggregate merger consideration consisted of no more than 60 percent shares of Cimarex Common Stock and 40 percent cash, based on the closing sale price for shares of Cimarex Common Stock on November 16, 2018. Following proration, Cimarex issued approximately 5.7 million shares of Cimarex Common Stock and paid $325.6 million in cash to former holders of Resolute Common Stock and Resolute Equity Awards. At closing the total amount of funds necessary to pay the cash portion of the merger consideration, pay transaction fees and expenses and repay in full the amount outstanding under Resolute's revolving credit facility was approximately $615 million, which Cimarex funded with cash on hand. In connection with the merger and concurrently with the closing, Cimarex also deposited funds sufficient to redeem any $600 million 8.50% Senior Notes of Resolute outstanding on April 1, 2019, using cash on hand and borrowings under Cimarex's revolving credit facility, satisfying and discharging the indenture governing the 8.50% Senior Notes. As of March 1, 2019, we had $525 million in borrowings outstanding under our revolving credit facility, leaving an unused borrowing availability of $722.5 million.
Today we'll look at Cimarex Energy Co. (NYSE:XEC) and reflect on its potential as an investment. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give usRead More...
The Zacks Analyst Blog Highlights: Diamondback Energy, Cabot Oil & Gas, HollyFrontier, Cimarex Energy and Parsley Energy
Diamondback Energy (FANG) and Cabot Oil & Gas Corporation (COG) reported fourth-quarter earnings that came below the Zacks Consensus Estimate.
Dozens of Denver workers are being laid off as two locally headquartered oil and gas companies combine in a $1.6 billion deal. Resolute Energy Corp. will cut 57 positions March 1 as a result of the company’s pending merger into Denver-based Cimarex Energy Co. Resolute Natural Resources Co., a business of Resolute Energy (NYSE: REN), said in a filing to Colorado Department of Labor and Employment that the downsizing is cutting 80 percent of its 71-person headquarters staff, including CEO Richard Betz. Cimarex Energy inked a cash and stock deal in November to buy Resolute, an acquisition that expands Cimarex’s oil and gas operations and untapped reserves in the Delaware Basin in West Texas.
The Denver-based company said it had profit of $3.32 per share. Earnings, adjusted for non-recurring gains, came to $1.98 per share. The results topped Wall Street expectations. The average estimate of ...
Cimarex (XEC) delivered earnings and revenue surprises of 13.14% and 1.44%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Cimarex Energy Co. (XEC) today announced its projected 2019 exploration and development (E&D) capital investment of $1.35 - 1.45 billion, an 11 percent decrease from 2018 levels at the midpoint. The company estimates $60-70 million of additional capital for midstream and other infrastructure. All projections in this release assume closing of the pending Resolute Energy Corporation acquisition on March 1, 2019. Total company production for 2019 is projected to average 250 - 270 thousand barrels of oil equivalent (MBOE) per day, with oil production expected to average 78-88 thousand barrels of oil (MBO) per day.
DENVER , Feb. 20, 2019 /PRNewswire/ -- 4Q daily production above guidance averaging 251.3 MBOE; 79,904 barrels of oil Daily production for the full year averaged 221.9 MBOE; 67,699 barrels of oil 2018 ...