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Last $101.55 USD
Change Today -0.84 / -0.82%
Volume 101.3K
XEC On Other Exchanges
New York
As of 10:24 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

cimarex energy co (XEC) Snapshot

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52 Week High
07/30/14 - $147.66
52 Week Low
01/15/15 - $91.74
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Current Stock Chart for CIMAREX ENERGY CO (XEC)

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cimarex energy co (XEC) Details

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. The company owns interests in 3,240 net productive oil and gas wells. As of December 31, 2014, it had a total proved oil and gas reserves of 3.1 trillion cubic feet equivalent (Tcfe) consisting of 1.7 trillion cubic feet of natural gas; and 0.7 Tcfe each of oil and natural gas liquids primarily located in the Permian Basin and Mid-Continent regions. The company was founded in 2002 and is headquartered in Denver, Colorado.

991 Employees
Last Reported Date: 03/9/15
Founded in 2002

cimarex energy co (XEC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $845.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $480.2K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $552.5K
Executive Vice President of Business Developm...
Total Annual Compensation: $453.8K
Vice President of Exploration
Total Annual Compensation: $398.1K
Compensation as of Fiscal Year 2014.

cimarex energy co (XEC) Key Developments

Cimarex Energy Co. Announces Executive Changes

On May 27, 2015, Paul Korus, Chief Financial Officer, notified Cimarex Energy Co. that he would retire as an officer and employee of the company prior to September 1, 2015. The exact retirement date will be determined by Mr. Korus and the company. As Chief Financial Officer, Mr. Korus serves as the company's Principal Financial Officer. On June 1, 2015, the Board of Directors of the company approved the appointment of G. Mark Burford as the company's Vice President and Chief Financial Officer, commencing upon the effective date of the retirement of Paul Korus as the company's Chief Financial Officer. Mr. Burford, age 47, has served as the company's Vice President-Capital Markets and Planning since December 2010. He previously served as the company's Director of Capital Markets beginning in May 2005.

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.


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Valuation XEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 2.1x
Price/Cash Flow 11.7x
TEV/Sales 3.5x

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