|Bid||16.54 x 900|
|Ask||16.61 x 900|
|Day's Range||15.80 - 17.75|
|52 Week Range||12.15 - 72.46|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2020 - May 10, 2020|
|Forward Dividend & Yield||0.88 (5.38%)|
|Ex-Dividend Date||May 13, 2020|
|1y Target Est||38.40|
An expected slowdown in the customers' upstream businesses in both North American and International markets is likely to hurt Schlumberger's (SLB) profits.
Cimarex Energy Co. (NYSE: XEC) ("Cimarex" or the "Company") announced today that, due to the current situation regarding the public health impact of the COVID-19 pandemic and limitations within the State of Oklahoma on all non-essential gatherings of individuals, the Company has changed the format of its annual meeting of shareholders from a physical in-person meeting to a virtual webcast, and invites shareholders to participate remotely. The Company expects future annual meetings to be held in person or potentially as hybrid in-person and virtual meetings.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Cimarex Energy (XEC) intends to generate sufficient free cash flow in the current weak oil price environment to enable it to maintain its dividend payouts.
Cimarex Energy Co. (NYSE: XEC) today announced that, due to the recent drop in oil prices, it expects a 40-50 percent reduction in its 2020 capital investment program from its original guidance of $1.25-$1.35 billion.
Two research analyst houses, SunTrust Robinson Humphrey and now Stifel, have lowered the stock ratings and price targets for more than two dozen energy companies as an oil price war looms. Stifel analysts downgraded a dozen exploration and production (E&P) companies on Monday as Russia's refusal to join the OPEC production proposal drives fears of an impending oil price war. Saudi Arabia has cut oil prices to customers across Asia, the U.S. and Europe by $6-to-$8 per barrel. "While the move could drive Russia back to the table to forge an agreement, it appears Vladimir Putin would like to see the U.S. market share of global supply reduced significantly," Stifel analysts wrote. "This coupled with an uncertain demand outlook could cause our group to discount much lower oil prices than our long-term forecast ($55 WTI, $60 Brent)." Goldman Sachs analysts warn that crude prices could drop to $20 per barrel as the oil price threat is coupled with the turmoil caused by coronavirus outbreak. Among the downgrades were Apache Corp. , down to hold from buy at Stifel, price target cut to $15 from $37; Viper Energy Partners L.P. , down to hold from buy at SunTrust, price target slashed to $18 from $36; and Cimarex Energy Co. downgraded to hold from buy at Stifel, price target reduced to $18 from $106. "We spoke to several executives over the weekend who suggested all U.S. E&Ps could be in for a bleak period if the price war and Covid-19 impact last more than a quarter," SunTrust analysts said. Dow Futures are down more than 1,300 points in Monday premarket trading. The Dow Jones Industrial Average has lost 9.4% for the year to date.
Gardner Denver Holdings Inc. (NYSE:GDI) will replace Cimarex Energy Co. (NYSE :XEC) in the S&P; 500, and Cimarex Energy will replace Chesapeake Energy Corp. (NYSE:CHK) in the S&P; MidCap 400 effective prior to the open of trading on Tuesday, March 3. S&P; 500 constituent Ingersoll-Rand plc (NYSE:IR) is spinning off its industrial segment business which will be merged with Gardner Denver Holdings. Post-spin-off, the "old" Ingersoll-Rand will change its name and ticker to Trane Technologies plc (NYSE:TT), and Trane will remain in the S&P; 500 with a Global Industry Classification Standard (GICS) change to Building Products Sub-Industry classification. Immediately following its merger with the industrial segment business, Gardner Denver will have a name and ticker change to "new" Ingersoll Rand Inc. (NYSE:IR). Cimarex Energy has a market capitalization more representative of the mid-cap market space. Chesapeake Energy is ranked near the bottom of the S&P; MidCap 400 and is no longer representative of the mid-cap market space.
S&P Dow Jones Indices said late Thursday that industrial company Gardner Denver Holdings Inc. will replace Cimarex Energy Co. in the S&P 500 index , and Cimarex will replace Chesapeake Energy Corp. in the S&P MidCap 400. "Chesapeake Energy is ranked near the bottom of the S&P MidCap 400 and is no longer representative of the mid-cap market space," S&P Dow Jones said in a statement. The changes take place before the open on Tuesday, S&P Dow Jones said. S&P 500 component Ingersoll-Rand Plc is spinning off its industrial segment business which will merged with Gardner Denver Holdings. After the spin-off, Ingersoll-Rand will change its name and ticker to Trane Technologies Plc , and Trane will remain in the S&P 500, S&P Dow Jones Indices said in the statement.
The energy is suffering another broad selloff, to lead the S&P 500's 11 key sectors in declines, as crude oil prices fall for a third-straight day amid worries that the global spread of COVID-19 will hurt demand. The SPDR Energy Select Sector ETF slumped 2.3%, with 27 of 28 components losing ground. That put the sector ETF (XLE) on track for the lowest close since July 2010. The biggest decliner was Cimarex Energy Co.'s stock , which tumbled 5.7% toward the lowest close since September 2009. Among the most-active XLF components, shares of Exxon Mobil Corp. gavse up 1.8%, Marathon Oil Corp. shed 3.7% and Occidental Petroleum Corp. sank 4.9%. Meanwhile, continuous crude oil futures slid 1.6% toward a 2-week low, and has now lost 6.1% amid a 3-day losing streak.
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 Convertible Preferred Stock. The dividend is payable on April 15, 2020, to holders of record at the close of business on April 1, 2020, and is for the period beginning on January 16, 2020 and ending on April 15, 2020.
Cimarex Energy's (XEC) fourth-quarter results are affected by lower natural gas and NGL price realizations, as well as higher operating costs.
Cimarex (XEC) delivered earnings and revenue surprises of -4.84% and 7.64%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.22 per share, a ten percent increase from the previous dividend. The dividend is payable on June 1, 2020, to stockholders of record on May 15, 2020.
As far as earnings surprises are concerned, HollyFrontier (HFC) is on an excellent footing, having gone past the Zacks Consensus Estimate in each of the last four reports.
Cimarex Energy (XEC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.
As far as earnings surprises are concerned, Ovintiv (OVV) has an excellent record, having gone past the Zacks Consensus Estimate in each of the last four reports.