XEC - Cimarex Energy Co.

NYSE - Nasdaq Real-time price. Currency in USD
28.44
-0.44 (-1.52%)
As of 1:19PM EDT. Market open.
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Previous close28.88
Open28.64
Bid28.41 x 800
Ask28.44 x 900
Day's range28.19 - 28.92
52-week range12.15 - 61.16
Volume538,822
Avg. volume3,000,017
Market cap2.904B
Beta (5Y monthly)1.46
PE ratio (TTM)5.75
EPS (TTM)4.94
Earnings date03 Aug 2020 - 07 Aug 2020
Forward dividend & yield0.88 (3.16%)
Ex-dividend date13 Aug 2020
1y target est31.13
  • The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy

    The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy

  • Cimarex Energy (XEC) Q1 Earnings Beat, Capex Guidance Cut
    Zacks

    Cimarex Energy (XEC) Q1 Earnings Beat, Capex Guidance Cut

    Cimarex Energy's (XEC) first-quarter 2020 earnings deliver a positive surprise while revenues lag estimates.

  • Only 3 Days Left To Cash In On Cimarex Energy Co.'s (NYSE:XEC) Dividend
    Simply Wall St.

    Only 3 Days Left To Cash In On Cimarex Energy Co.'s (NYSE:XEC) Dividend

    It looks like Cimarex Energy Co. (NYSE:XEC) is about to go ex-dividend in the next 3 days. You can purchase shares...

  • Turning Oil Wells Back on Is Trickier Than Shutting Them Off
    Bloomberg

    Turning Oil Wells Back on Is Trickier Than Shutting Them Off

    (Bloomberg) -- With thousands of oil wells choking back or completely shutting off production, companies already are looking ahead to what may prove to be an even bigger challenge: turning wells back on.U.S. and Canadian oil producers are curbing as much as 4.5 million barrels of daily supplies, according to Plains All American Pipeline LP. In the U.S. alone, drillers have announced plans to halt more than 600,000 barrels of daily output this month and next, said Rystad Energy AS. Old-style, conventional wells were the first to go down and the closures are expanding to some of the horizontal gushers that represent shale drillers’ prize assets.Although shutting down a well can be a relatively simple -- and even remote-controlled -- process, industry executives and their engineering teams aren’t altogether sure how smoothly an idle well can be restarted.“When you shut in wells, especially for a long period of time, you have a lot of surprises,” Clay Bretches, an executive vice president at Apache Corp., said during a conference call with analysts on Thursday. “Some of them are good and some of them are bad.”EOG Resources Inc., the world’s second-largest independent oil explorer by market value, is curtailing about one-fourth of its production and canceling almost 40% of new wells it had planned to bring online this year.An in-house analysis of 11 wells that were idle for an average of 23 days found they had a spike in production upon reopening, a sign that the reservoir suffered no damage, Houston-based EOG said in a slide presentation.Complete ShutdownsExecutives are careful about disclosing which wells are being curtailed -- which involves squeezing back on the volume of crude flowing out of the well -- versus those that are completely shut down. That’s because reversing a total shutdown presents a more challenging set of tasks and costs.Noble Energy Inc. is curbing daily output this month by as much as 10,000 barrels, mostly by completely shutting wells rather than choking back a portion of production.A portion of the company’s older wells may be difficult to reopen “but we should be able to restart most of the wells over time,” said Chief Operating Officer Brent Smolik. “You can almost think of them as storage, where we’re just storing it in the ground and then they’ll respond pretty quickly when we turn them back on.”Company executives told analysts during a conference call Friday that they hope to be able to restart most of those wells “over time.”Houston-based Apache has shut about 2,500 wells, and Bretches said the company is taking “great pains” to make sure they’re being preserved. That includes preventing corrosion and maintaining equipment that sits atop the well in remote fields.WPX Energy Inc., which plans to shut in a total of about 45,000 barrels of oil a day this month and possibly next, said it could be as simple as remotely opening up valves or speeding up electric pumps installed at the bottom of some wells. But the company cautioned against the expectation that it could be done quickly.Restoration Costs“It wouldn’t be as simple as ‘just give us a couple days and we’ll be back up running at 100%,’” said WPX Chief Operating Officer Clay Gaspar. “Anybody who says that, they’re probably short-changing their field organization just a touch.”That’s why deciding whether to shut a well involves more than just comparing operating costs and oil prices, according to Rystad. Producers also must weigh the cost and mechanical difficulty of restoring those wells back to pre-curtailed volumes.“When you start back up from the level we’re at, we do expect to have some start-up capital,” said Jeff Alvarez, head of investor relations of Occidental Petroleum Corp., which is shutting down about 5% of its production next month. “It’s things like, just when I spend $1 today, I don’t get production for a couple of months from that.”Cimarex Energy Co. said the obstacles to reopening wells mostly revolve around speed and costs, rather than any threats to the structural integrity of the rocks themselves. The Denver-based explorer held an internal technical session recently that looked at how its reservoirs would be affected by shut-ins, and the results showed that they were likely to be “just fine.”Pipeline Capacity“We think we’re in pretty good shape with our reservoirs to shut them in and bring them back when we need,” CEO Tom Jorden said during a conference call.Oil companies aren’t the only ones who have to think about the long-term impacts of shuttered wells. Millions of miles of pipelines crisscross the continent to haul crude from the field to refineries and export terminals. As supplies drop, so does demand for pipeline capacity.Pipeline operator Targa Resources Corp. was asked Thursday if the wells its system serves would ever ramp up to previous volumes.“I think for the most part, we’d expect the shut-in volumes to come back and perform well,” Targa CEO Matt Meloy said. “Could there be some older, really low-rate vertical wells ... which they shut-in and just don’t bring back? I think there could be some amount of those.”(Updates with EOG’s analysis in fifth, sixth paragraphs; Noble shut-ins in eighth, ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cimarex Energy Co (XEC) Q1 2020 Earnings Call Transcript
    Motley Fool

    Cimarex Energy Co (XEC) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Cimarex Energy Co (NYSE: XEC)Q1 2020 Earnings CallMay 7, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to Cimarex First Quarter 2020 Earnings Call.

  • Cimarex Energy (XEC) Q1 Earnings Beat Estimates
    Zacks

    Cimarex Energy (XEC) Q1 Earnings Beat Estimates

    Cimarex (XEC) delivered earnings and revenue surprises of 41.46% and -6.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Oil & Gas Stock Q1 Earnings Roster for May 6: PXD, APA & More
    Zacks

    Oil & Gas Stock Q1 Earnings Roster for May 6: PXD, APA & More

    Weak commodity prices are likely to have hurt energy firms in Q1.

  • Analysts Just Slashed Their Cimarex Energy Co. (NYSE:XEC) Earnings Forecasts
    Simply Wall St.

    Analysts Just Slashed Their Cimarex Energy Co. (NYSE:XEC) Earnings Forecasts

    Today is shaping up negative for Cimarex Energy Co. (NYSE:XEC) shareholders, with the analysts delivering a...

  • How Does Cimarex Energy Co. (NYSE:XEC) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Cimarex Energy Co. (NYSE:XEC) Fare As A Dividend Stock?

    Dividend paying stocks like Cimarex Energy Co. (NYSE:XEC) tend to be popular with investors, and for good reason...

  • What's in the Offing for Ovintiv (OVV) Stock in Q4 Earnings?
    Zacks

    What's in the Offing for Ovintiv (OVV) Stock in Q4 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.

  • Cimarex Energy (XEC) to Post Q4 Earnings: A Beat in Store?
    Zacks

    Cimarex Energy (XEC) to Post Q4 Earnings: A Beat in Store?

    Cimarex Energy (XEC) fourth-quarter earnings are likely to have been supported by a rise in total production and higher oil price realization.

  • Transco Growth Projects to Aid Williams' (WMB) Q4 Earnings
    Zacks

    Transco Growth Projects to Aid Williams' (WMB) Q4 Earnings

    In Q4, Williams Companies (WMB) is expected to have gained from additional volumes from the expansion projects around its core Transco pipeline system.

  • USA Compression (USAC) to Report Q4 Earnings: What to Expect
    Zacks

    USA Compression (USAC) to Report Q4 Earnings: What to Expect

    As far as earnings surprises are concerned, USA Compression Partners (USAC) has a good record, having gone past the Zacks Consensus Estimate in three of the last four reports.

  • Cimarex Energy (XEC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
    Zacks

    Cimarex Energy (XEC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

    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.

  • What's in the Cards for Murphy Oil (MUR) in Q4 Earnings?
    Zacks

    What's in the Cards for Murphy Oil (MUR) in Q4 Earnings?

    Benefits from stable growth platforms like Eagle Ford Shale and Gulf of Mexico assets are likely to get reflected on Murphy Oil's (MUR) fourth-quarter 2019 results.

  • What Can We Make Of Cimarex Energy Co.’s (NYSE:XEC) High Return On Capital?
    Simply Wall St.

    What Can We Make Of Cimarex Energy Co.’s (NYSE:XEC) High Return On Capital?

    Today we'll evaluate Cimarex Energy Co. (NYSE:XEC) to determine whether it could have potential as an investment idea...

  • Oil & Gas US E&P Outlook: Bullish Signals Abound
    Zacks

    Oil & Gas US E&P Outlook: Bullish Signals Abound

    Oil & Gas US E&P; Outlook: Bullish Signals Abound

  • Cimarex (XEC) Down 1.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    Cimarex (XEC) Down 1.7% Since Last Earnings Report: Can It Rebound?

    Cimarex (XEC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Is Cimarex Energy Co.'s (NYSE:XEC) 12% ROE Better Than Average?
    Simply Wall St.

    Is Cimarex Energy Co.'s (NYSE:XEC) 12% ROE Better Than Average?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Cimarex (XEC) Q3 Earnings Miss on Lower Commodity Prices
    Zacks

    Cimarex (XEC) Q3 Earnings Miss on Lower Commodity Prices

    Cimarex Energy's (XEC) third-quarter results are affected by lower oil and gas prices, partially offset by higher production volumes.

  • Cimarex Energy (XEC) Lags Q3 Earnings Estimates
    Zacks

    Cimarex Energy (XEC) Lags Q3 Earnings Estimates

    Cimarex (XEC) delivered earnings and revenue surprises of -2.15% and 2.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Why Earnings Season Could Be Great for Cimarex Energy (XEC)
    Zacks

    Why Earnings Season Could Be Great for Cimarex Energy (XEC)

    Cimarex Energy (XEC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Is a Beat Likely for Marathon Oil (MRO) in Q3 Earnings?
    Zacks

    Is a Beat Likely for Marathon Oil (MRO) in Q3 Earnings?

    Strong operational performance at Marathon Oil's (MRO) US resource basin division and lower production costs are expected to have aided the company's Q3 results.

  • Cimarex Energy (XEC) to Post Q3 Earnings: A Beat in Store?
    Zacks

    Cimarex Energy (XEC) to Post Q3 Earnings: A Beat in Store?

    A rise in total production on the back of Permian activities is likely to reflect on Cimarex Energy's (XEC) third-quarter 2019 results.

  • Pioneer Natural (PXD) to Post Q3 Earnings: A Beat in Store?
    Zacks

    Pioneer Natural (PXD) to Post Q3 Earnings: A Beat in Store?

    Since crude accounts for majority of Pioneer Natural's (PXD) production volumes, a year-over-year rise in production is likely to have favored the company's third-quarter earnings.