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Stock Market & Financial Investment News

News Breaks
February 20, 2014
09:07 EDTXECCimarex Energy new wells significantly raise NAV, says BMO Capital
BMO Capital believes that new wells drilled by Cimarex in the Culberson County Wolfcamp play increase its NAV to $175 from $130. The firm thinks the wells can also increase the company's growth rate, and it keeps an Outperform rating on the stock.
News For XEC From The Last 14 Days
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February 17, 2015
17:56 EDTXECCimarex Energy reports Q4 adjusted EPS 87c, consensus 82c
Reports Q4 revenue $538.55M, consensus $553.05M.
17:56 EDTXECCimarex Energy sees production expense $1.07-$1.17
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17:53 EDTXECCimarex Energy to invest $900M$1.1B in exploration and development in FY15
Cimarex Energy released that it plans to invest $900M$1.1B in exploration and development in 2015. Investments in gathering and other assets are forecast to approximate $50M-80M. The capital program is expected to be funded with cash flow from operating activities and the $406M of cash on hand at December 31, 2014. At the low end of capital guidance we project production growth of 3%-8%, with total company production expected to average 895MMcfe-935MMcfe per day in 2015. Incorporating recent Permian shut-ins relating to weather and pipeline maintenance, Q1 output is forecast to average 920MMcfe-940MMcfe per day. Sequentially, oil production in the Q1 is expected to grow approximately 4% while gas production exhibits a slight decline.
15:32 EDTXECNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.

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