|Bid||64.00 x 800|
|Ask||77.00 x 1200|
|Day's Range||68.79 - 71.58|
|52 Week Range||55.62 - 103.91|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||10.84|
|Forward Dividend & Yield||0.80 (1.17%)|
|1y Target Est||N/A|
Cimarex Energy completed the acquisition of Resolute Energy’s 21,200 net acres in the Delaware Basin in the first quarter, Dingmann said in the note. SunTrust expects the company to increase production in 2019 and beyond and to generate free cash flow.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Chevron Chief Executive Michael Wirth's decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled out increasing his $33 billion offer for Anadarko after being outbid by Occidental Petroleum Corp , walking away from a company he had described as a perfect match. Chevron received a $1 billion breakup fee that it will use toward share buybacks.
Chevron, facing the failure of its $30 billion bid for Anadarko, is likely to quickly pursue takeovers of oil competitors to build out its empire.
In an interview Thursday, Chief Executive Officer Mike Wirth said the company is comfortable with its current position in the Permian Basin and will only seek deals that will add value to shareholders throughout the oil-price cycle. “We have no intention to do an acquisition unless it’s exceptionally good,” he said by phone after Chevron announced it wouldn’t raise its $33 billion offer for Anadarko Petroleum Corp. to outbid Occidental Petroleum Corp. “There’s a lot of good companies in the Permian,” but Chevron can grow organically for some time, he said later in a Bloomberg Television interview. Chevron liked Anadarko in large part because of the independent oil producer’s position in the core of the Delaware Basin, a sub-section of the prolific Permian Basin in West Texas and New Mexico.
While lower commodity price realizations act as a damper, higher Permian activities support Cimarex Energy's (XEC) Q1 results.
On a per-share basis, the Denver-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs, were $1.20 per share. The results fell short of Wall Street expectations. The ...
is expected to report quarterly earnings of $1.32 a share on sales of $570.7 million, based on a FactSet survey of 28 analysts. Quarterly estimates have risen 1.7 cents a share in the past month. Cimarex Energy is currently trading at a price-to-forward-earnings ratio of 8.9 based on the 12-month estimates of 29 analysts surveyed by FactSet.
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One-time charges, high capex and interest payment obligations associated with huge debt burden may limit Petrobras' (PBR) Q1 profits and cash flows.
Two major areas of interest, i.e. output growth and oil price realizations, are sending mixed signals with regard to Diamondback's (FANG) results in the upcoming quarter.
Cimarex (XEC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cimarex (XEC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lower expected oil and natural gas prices are likely to hurt Pioneer Natural's (PXD) first-quarter 2019 results. However, higher projected production will likely support earnings.
Fuel supplier CrossAmerica Partners (CAPL) has a mixed record, having gone past the Zacks Consensus Estimate twice in the last four reports.
The timing of liftings will likely impact production volumes sequentially and hurt Noble Energy's (NBL) first-quarter earnings.
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...