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Last $115.11 USD
Change Today -0.40 / -0.35%
Volume 735.1K
XEC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

cimarex energy co (XEC) Key Developments

Cimarex Energy Co. Declares Quarterly Cash Dividend Payable on September 1, 2015

Cimarex Energy Co. announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.16 per share. The dividend is payable on September 1, 2015, to stockholders of record on August 14, 2015.

Cimarex Energy Co. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Reports Impairment of Oil and Gas Properties; Provides Production Guidance for the Second Quarter and Full Year of 2015; Provides Capital Expenditure Guidance for the Full Year of 2015

Cimarex Energy Co. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, revenues were $361,002,000 against $599,216,000 a year ago. Operating loss was $635,426,000 against operating income of $219,999,000 a year ago. Loss before income tax was $643,680,000 against income before income tax of $220,202,000 a year ago. Net loss was $414,941,000 or $4.84 per diluted share against net income of $138,457,000 or $1.59 per diluted share a year ago, primarily the result of a non-cash charge related to the impairment of oil and gas properties. Net cash provided by operating activities was $113,173,000 against $348,024,000 a year ago. Oil and gas expenditures were $371,106,000 against $420,040,000 a year ago. Other capital expenditures was $18,848,000 against $19,854,000 a year ago. Adjusted net loss was $31,716,000 against adjusted net income of $145,343,000 a year ago. Adjusted diluted loss per share was $0.37 against adjusted diluted earnings per share of $1.67 a year ago. For the quarter, the company reported impairment of oil and gas properties was $603,599,000. For the second quarter of 2015, the company reported total production average guidance of 965 million to 985 million a day is up 15% to 17% from second quarter of 2014 average of 839 million a day. For the quarter, the company’s total production averaged 946.7 million cubic feet equivalent (MMcfe) per day during the first quarter, a 28% increase from first quarter 2014. Year-over-year natural gas volumes increased 25%, oil volumes grew 31% and NGL volumes were up 29%. Total gas production was 40,125 MMcf against 31,973 a year ago. Gas daily production was 446 MMcf against 355 MMcf a year ago. Total oil production was 4,611,655 against 3,525,129 Bbls a year ago. Oil daily production was 51,241 Bbls against 39,168 a year ago. NGLs total production was 2,901,821 Bbls against 2,252,479 a year ago. NGLs daily production was 32,242 Bbls against 25,028 a year ago. The company estimates total production volumes for 2015 to average 920 MMcfe per day to 950 MMcfe per day, a midpoint increase of 8% over 2014 volumes. Oil volumes are expected to grow 11% to 15% and gas volumes 3% to 6%. Total company production for the second quarter 2015 is projected to average 965 MMcfe per day to 985 MMcfe per day. Capital investment budgeted for exploration and development remains at $0.9 billion to $1.1 billion in 2015. Following to commitment to be physically disciplined, 2015 capital expenditures remain at the $900 million to $1.1 billion that the company previously announced.

Cimarex Energy Co. to Report Q1, 2015 Results on May 04, 2015

Cimarex Energy Co. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 04, 2015

Cimarex Energy Co., Q1 2015 Earnings Call, May 05, 2015

Cimarex Energy Co., Q1 2015 Earnings Call, May 05, 2015

Cimarex Energy Co. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-22-2015

Cimarex Energy Co. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-22-2015 . Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States.

 

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XEC

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Valuation XEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.5x
Price/Book 2.5x
Price/Cash Flow 13.5x
TEV/Sales 4.2x
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