Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. As of December 31, 2020, it had a total proved reserves of 531.0 million barrels of oil equivalent; 1.36 trillion cubic feet of proved gas reserves; 144.1 million barrels (MMBbls) of proved oil reserves; and 159.8 MMBbls of natural gas liquids reserves primarily located in the Permian Basin and Mid-Continent regions. The company also owned an interest in 2,765 net productive oil and gas wells. Cimarex Energy Co. was founded in 2002 and is headquartered in Denver, Colorado.
IPO Year: n/a
Exchange: NYSE
Website: cimarex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2021 | $80.00 → $100.00 | Buy | Truist Securities |
| 8/13/2021 | $95.00 | Neutral → Buy | Mizuho |
| 7/21/2021 | $80.00 | Hold → Buy | Truist |
| 7/15/2021 | $84.00 → $89.00 | Neutral | Mizuho |
| 7/15/2021 | $67.00 → $71.00 | Sector Perform → Sector Underperform | Scotiabank |
| 7/15/2021 | Sector Perform → Sector Underperform | Scotiabank |
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that Frances M. Vallejo has been appointed to serve on the Board of Directors of its general partner. Ms. Vallejo brings more than 30 years of experience in energy and finance. From 1987 to 2016, Ms. Vallejo held numerous leadership positions at ConocoPhillips (NYSE:COP), one of the world’s largest independent exploration and production companies, including vice president of corporate planning and development, and vice president and treasurer. She also held other geophysical, commercial and finance roles during this period. She served as a member of the Board of Trustees of Colorado
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DENVER, Aug. 31, 2021 /PRNewswire/ -- 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 October 15, 2021, to holders of record at the close of business on October 1, 2021, and is for the period beginning on July 16, 2021 and ending on October 15, 2021. Cimarex EnergyDenver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. For more information about Cimarex, visit www.cimarex.com.
DENVER, Aug. 5, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today reported second-quarter 2021 financial and operating results. Net income for second-quarter 2021 totaled $113.4 million, or $1.10 per share. Net income for the quarter was impacted by a mark-to-market loss on the Company's commodity derivative positions of $125.7 million. Excluding the impact of the mark-to-market loss on commodity derivatives, adjusted net income (non-GAAP) for second-quarter 2021 was $215.6 million, or $2.09 per share. Highlights Generated cash flow from operating activities of $364 million. Adjusted cash flow from operating activities (non-GAAP) totaled $394 million, exceeding capital expenditures a
DENVER, May 14, 2021 /PRNewswire/ -- 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 July 15, 2021, to holders of record at the close of business on July 1, 2021, and is for the period beginning on April 16, 2021 and ending on July 15, 2021. Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. For more information about Cimarex, visit www.cimarex.com. View original content:http
DENVER, May 13, 2021 /PRNewswire/ -- Cimarex Energy Co.'s (NYSE:XEC) Board of Directors today declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend will be payable on September 1, 2021, to shareholders of record on August 13, 2021. Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. For more information about Cimarex, visit www.cimarex.com. View original content to download multimedia:http://w
DENVER, May 5, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today reported first-quarter 2021 financial and operating results. Net income for first-quarter 2021 totaled $128.1 million, or $1.25 per share. Net income for the quarter was impacted by a mark-to-market loss on the Company's commodity derivative positions of $99.4 million. Excluding the impact of the mark-to-market loss on commodity derivatives, adjusted net income (non-GAAP) for first-quarter 2021 was $203.7 million, or $1.98 per share. Highlights Generated cash flow from operating activities of $403 million. Adjusted cash flow from operating activities (non-GAAP) totaled $395 million, exceeding capital expenditures and ge
DENVER, Feb. 18, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.27 per share. The dividend is payable on June 1, 2021, to stockholders of record on May 14, 2021. The quarterly dividend of $0.27 per share is a 23 percent increase from the previous dividend of $0.22 per share. The indicated annual rate is $1.08 per share. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. SOURCE Cimarex Energy Co. Related Links www.cimarex.com
DENVER, Feb. 19, 2021 /PRNewswire/ -- 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, 2021, to holders of record at the close of business on April 1, 2021, and is for the period beginning on January 16, 2021 and ending on April 15, 2021. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. SOURCE Cimarex Energy Co. Related Links www.cimarex.com
DENVER, Feb. 22, 2021 /PRNewswire/ -- Fourth quarter oil production averaged 67.8 MBbls per day Full year oil production averaged 76.7 MBbls per day 2020 total capital investment of $577.2 million; below guidance range Generated $904.2 million of net cash from operating activities $372 million of free cash flow1 (non-GAAP) in 2020; $279 million of free cash flow after dividend1 (non-GAAP) in 2020 Cimarex Energy Co. (NYSE: XEC) today reported net income for fourth quarter 2020 of $24.7 million, or $0.25 per share, compared to a net loss of $384.1 million, or $3.87 per share, in the same period a year ago. For the full year, Cimarex reported a net loss of $1,967.5 million, or $19.73
DENVER, Feb. 22, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced its projected 2021 total capital investment (including midstream capital) of $650 - 750 million. The table below shows a breakdown of the projected capital by category: Capital Expenditures 2021 Guidance Drilling and Completion (D&C) $500 - 600 million Midstream/Saltwater Disposal (SWD) ~ $40 million Other* ~ $110 million Total Capital Investment $650 - 750 million *Capitalized overhead, production, NPL and technology In 2021, oil production is projected to average 75 - 81 thousand barrels of oil (MBbls) per day, up two percent at the midpoint from 2020 levels. T
DENVER, Dec. 4, 2020 /PRNewswire/ -- 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 January 15, 2021, to holders of record at the close of business on January 1, 2021, and is for the period beginning on October 16, 2020 and ending on January 15, 2021. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. SOURCE Cimarex Energy Co.
HOUSTON and DENVER, Sept. 29, 2021 /PRNewswire/ -- Cabot Oil & Gas Corporation ("Cabot") (NYSE:COG) and Cimarex Energy Co. ("Cimarex") (NYSE:XEC) today announced that both companies' shareholders voted to approve the pending transaction. At the special meeting of Cabot shareholders held earlier today, more than 99% of voted shares (approximately 89% of outstanding shares) were in favor of the merger. At the Cimarex special meeting of shareholders, more than 90% of voted shares (approximately 79% of outstanding shares) were in favor of the merger. Dan O. Dinges, Chairman, President and CEO of Cabot, said, "We are pleased that Cabot shareholders recognize the considerable opportunities ahead
HOUSTON, Sept. 22, 2021 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE:COG) ("Cabot") and Cimarex Energy Co. (NYSE:XEC) ("Cimarex") today announced that, in connection with the previously announced offers to eligible holders (as defined herein) to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Cimarex as set forth in the table below (the "Existing Cimarex Notes") for (1) up to $2,000,000,000 aggregate principal amount of new notes issued by Cabot (the "New Cabot Notes") and (2) cash, and related consent solicitations by Cimarex (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt cert
HOUSTON, Sept. 8, 2021 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE:COG) ("Cabot") and Cimarex Energy Co. (NYSE:XEC) ("Cimarex") today announced that, in connection with the anticipated merger of Cimarex and a wholly owned subsidiary of Cabot, Cabot has commenced offers to eligible holders (as defined herein) to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Cimarex as set forth in the table below (the "Existing Cimarex Notes") for (1) up to $2,000,000,000 aggregate principal amount of new notes issued by Cabot (the "New Cabot Notes") and (2) cash. The following table sets forth the Exchange Consideration and Total Ex
DENVER, Sept. 2, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today announced that Tom Jorden, Chairman, President and CEO, will present at the 2021 Barclays CEO Energy-Power Conference. The presentation will begin at 8:55 AM MT (10:55 AM ET) on Wednesday, September 8. A live audio webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.cimarex.com. The webcast will be archived and available at the same location after the conclusion of the live event. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in t
DENVER, Aug. 31, 2021 /PRNewswire/ -- 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 October 15, 2021, to holders of record at the close of business on October 1, 2021, and is for the period beginning on July 16, 2021 and ending on October 15, 2021. Cimarex EnergyDenver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. For more information about Cimarex, visit www.cimarex.com.
DENVER, Aug. 5, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today reported second-quarter 2021 financial and operating results. Net income for second-quarter 2021 totaled $113.4 million, or $1.10 per share. Net income for the quarter was impacted by a mark-to-market loss on the Company's commodity derivative positions of $125.7 million. Excluding the impact of the mark-to-market loss on commodity derivatives, adjusted net income (non-GAAP) for second-quarter 2021 was $215.6 million, or $2.09 per share. Highlights Generated cash flow from operating activities of $364 million. Adjusted cash flow from operating activities (non-GAAP) totaled $394 million, exceeding capital expenditures a
DENVER, July 7, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) will hold its quarterly earnings conference call on Thursday, August 5, 2021 at 11:00 AM ET (9:00 AM MT). The Company plans to announce second-quarter 2021 results before the market opens on August 5. Conference Call InformationDate: Thursday, August 5, 2021Time: 11:00 AM ET / 9:00 AM MTDial-in (for callers in the U.S.): (866) 367-3053 Dial-in (for callers in Canada): (855) 669-9657Intl. dial-in: (412) 902-4216 To access the live webcast, visit the "Events & Presentations" page under the "Investor Relations" section of the Company's website at www.cimarex.com. The replay will be archived and available at the same location af
DENVER, June 21, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today announced that Tom Jorden, Chairman, President and CEO, will present at the 2021 J.P. Morgan Energy, Power & Renewables Virtual Conference on Tuesday, June 22 at 1:20 PM MT (3:20 PM ET). A live webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.cimarex.com. The webcast will be archived and available at the same location after the conclusion of the live event. About Cimarex EnergyDenver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and M
DENVER, June 2, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE:XEC) today announced that Tom Jorden, Chairman, President and CEO, will present at the 2021 Virtual Wells Fargo Energy Conference. The presentation will begin at 1:20 PM MT (3:20 PM ET) on Thursday, June 3. A live audio webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.cimarex.com. The webcast will be archived and available at the same location after the conclusion of the live event. About Cimarex Energy Denver-based Cima
HOUSTON and DENVER, May 24, 2021 /PRNewswire/ -- Cabot Oil & Gas Corporation ("Cabot") (NYSE:COG) and Cimarex Energy Co. ("Cimarex") (NYSE:XEC) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. The combination will bring together two industry-leading operators with top-tier oil and natural gas assets to create a diversified energy leader that is positioned to drive enhanced free cash flow generation and returns for investors through market cycles. Under the terms of the agreement, which has
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Truist Securities reiterated coverage of Cimarex Energy with a rating of Buy and set a new price target of $100.00 from $80.00 previously
Mizuho upgraded Cimarex Energy from Neutral to Buy and set a new price target of $95.00
Truist upgraded Cimarex from Hold to Buy and set a new price target of $80.00
Mizuho reiterated coverage of Cimarex Energy with a rating of Neutral and set a new price target of $89.00 from $84.00 previously
Scotiabank downgraded Cimarex from Sector Perform to Sector Underperform and set a new price target of $71.00 from $67.00 previously
Scotiabank downgraded Cimarex Energy from Sector Perform to Sector Underperform
BofA Securities upgraded Cimarex from Neutral to Buy
Morgan Stanley downgraded Cimarex Energy from Overweight to Equal-Weight and set a new price target of $68.00 from $79.00 previously
UBS downgraded Cimarex Energy from Buy to Neutral and set a new price target of $83.00 from $91.00 previously
Barclays downgraded Cimarex from Overweight to Equal Weight and set a new price target of $72.00
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